ET Alpha Wealth Summit | Kotak's Nilesh Shah bets on India's electrification story over next decade; flags AI as the wildcard

At the ET Alpha Wealth Summit, Kotak's Nilesh Shah outlined India's multi-decade electrification opportunity built around solar, thermal, nuclear and storage, while flagging AI as a parallel wildcard theme. He highlighted risks including rare earth import dependence for EVs and 30-40% drawdowns in thematic stocks like solar pump companies tied to state government receivables. Shah advised investors to evaluate receivable quality carefully and invest across the full value chain of a theme rather than concentrating in a single stock.