Curious about next big investment trend? Experts point to fintech, green tech, and EVs

Investment trend 2024: Are you exploring strategic investment options in 2024? financial realm is buzzing with anticipation as three key sectors, Fintech, green tech, and electric vehicles (EVs), are poised to experience a surge in momentum, according to experts. Investors are vised to closely monitor se industries and capitalise on growth prospects y offer.

" next dece appears to belong to fintech, green tech, and electric vehicles, offering a compelling narrative for investors to align ir portfolios with se burgeoning trends. As with any investment strategy, a thorough understanding of each segment's potential is crucial, enabling individuals to make informed decisions that align with ir financial goals and risk tolerance," said Prateek Toshniwal, angel investor and financial visor.

"Diversification of investment portfolios is key, and investors can allocate ir funds through various channels such as exchange-tred funds, company stocks, or mutual funds," he ded.

Profit paths in fintech

Fintech is set to take spotlight in 2024, with a notable increase in consolidations within industry. relentless push towards digitalisation and growing popularity of digital banking and payment processes continue to make Fintech a good investment area. Investors are keenly observing sector's evolution as wave of technological growth extends to India, where AI capabilities are expected to attract $881 million in investments by end of 2024.

Notable fintech companies listed in India include HDFC AMC, Bajaj Finance, CAMS, CDSL, and KFin Technologies. HDFC AMC is recognised for its expertise in asset management, while Bajaj Finance remains a player in financial services. CAMS specialises in mutual fund services, and CDSL provides depository services. KFin Technologies contributes to technological vancements in financial services. se companies offer diverse opportunities for investors in India's evolving fintech sector, reflecting ongoing growth and innovation within industry.

Capitalising on EV trends

electric vehicles sector is experiencing substantial momentum, having nearly doubled in size in 2023. Forecasts indicate a robust 30 per cent to 40 per cent year-on-year (YoY) growth in 2024, outpacing single-digit growth observed in overall passenger vehicle space. Global emphasis on sustainability is driving shift towards electric vehicles, particularly in India. " government's focus on phasing out conventional fuel-driven vehicles and achieving a 30 per cent market share for EVs by 2030 positions EV sector as a compelling $200 billion investment opportunity, encompassing electric vehicles, vanced charging infrastructure, and EV batteries," said Agam Gupta, Executive Director, Share India Fincap.

In India's electric vehicle (EV) sector, re are several key players that investors may find important to monitor. Reliance Industries holds a notable position, leveraging its diversified interests, including a growing emphasis on EV ventures. TVS Motor Company and Tata Motors also draw attention, reflecting ir focus on vancing sustainable mobility solutions. Mahindra & Mahindra, a major automotive player, contributes substantially to shaping country's EV market. Indian Oil Corporation is actively involved in development of EV sector. Lastly, Hindalco Industries through its participation in aluminum industry, aligns with increasing demand for lightweight materials in EV market. As India navigates transition to electric mobility, se stocks present opportunities for investors seeking to track industry's dynamics.

Green tech fuels investment flow

Green Tech sector has gained significant prominence, driven by a renewed focus on clean and green energy. A recent report anticipates dition of 3.7 million jobs by Fiscal Year 2024-25, propelling demand for cleantech stocks and attracting substantial investment. A joint report by EY and CII projects an influx of over $250 billion in evolving renewable sector, emphasising growth potential in green energy solutions and sustainable transportation. Increased capital flow, coupled with a heightened sense of environmental sustainability, is expected to furr accelerate growth of Green Tech sector.

Several Indian companies are actively vancing green energy sector. Zodiac Energy Ltd emphasises sustainable solutions, while KP ENERGY Ltd contributes to India's shift to cleaner sources. Borosil Renewables Ltd is recognised for its solar technology vancements, and Websol Energy System Ltd focuses on solar power harnessing. NTPC Ltd, a major player in power sector, is expanding its green energy initiatives. ani Green Energy, part of ani Group, plays a key role in renewable energy landscape. JSW Energy Ltd and Inox Wind Energy Ltd are notable contributors to wind energy sector. BF Utilities, Reliance New Energy, and Tata Power Solar Systems Ltd le innovations in clean energy. Sterling & Wilson Ltd and Orient Green Power are also promoting eco-friendly energy solutions.

"As environmental, social, and governance (ESG) considerations take center stage, se new-age sectors become attractive investment opportunities for conscientious investors," Toshniwal ded.