India will outperform and here are 3 sectors where weightage has gone up: Devina Mehra

Despite the recent downgrade by Fitch for the US outlook, it should have little impact on the markets. The issues referred to were already known, such as the high debt ceiling and deficits, even a global risk-free alternative to US treasuries has yet to be found. India is still expected to outperform, despite a possible pause or correction. First Global, which rebalances quarterly, has seen an increase in weightage in the healthcare sector on the pharma side, in addition to capital goods and industrial machinery alongside increased weightage also found in auto, auto components, and a couple of construction names.