Expert view, July 28 -- Anil Rego, the founder of Right Horizons PMS, sees Nifty earnings growth of around 12% CAGR during FY26-FY28E. In an interview with Mint, Rego said smart money is moving to quality businesses with sustainable earnings growth rather than reacting to short-term geopolitical or macro headlines. He also highlighted 10 sectors that he believes can generate alpha in the next 5-10 years. Edited excerpts:

Despite the uncertain global environment, smart money is rotating rather than retreating.

Investors are becoming far more selective and are allocating capital towards businesses with strong earnings visibility, healthy balance sheets and sectors driven by domestic growth rather than external factors.

We are also seeing...