Conrad Saldanha, Managing Director and Portfolio Manager at Neuberger Berman, believes the current risk-off phase in markets could create opportunities in India, particularly as fundamentals in the country remain relatively resilient.

Among the India-focused names highlighted are ICICI Bank, PNB Housing Finance, Data Patterns, Bharat Electronics, Netweb Technologies, GE Vernova T&D India, and CG Power. The selection spans financial services through ICICI Bank, one of India's largest private-sector lenders, and PNB Housing Finance, alongside companies tied to India's defense and electronics manufacturing push, such as Bharat Electronics, Data Patterns, Netweb Technologies, GE Vernova T&D India, and CG Power.

Neuberger Berman is a global asset management firm, and Saldanha's comments reflect the firm's perspective on Indian equities amid a broader period of market caution. His view comes as foreign portfolio flows into Indian equities have seen episodes of outflows during recent risk-off stretches, a dynamic that portfolio managers often cite when assessing entry points in markets they consider fundamentally sound. India's defense electronics and power transmission equipment sectors have also been areas of policy focus under the government's domestic manufacturing initiatives.

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