Fund Manager Insights

Navigate through your investment journey with the wisdom acquired from the top fund managers of the country. Investguru brings to you the market insights and fund management philosophy of fund managers who are managing your money and creating wealth with great passion and care.

Fund Manager Insight
Rajeev Thakkar
Chief Investment Officer
PPFAS Mutual Fund

   Key Insights:

  • The fund house will launch any new scheme only when the new scheme can cater to some additional need of investors.
  • The allocation in overseas equities is not to generate extra returns, but to limit the volatility in the scheme.
  • The view is optimistic that the limit for investments in overseas equities will increase.  SEBI is delaying it due to current tight macro environment, like FDI outflow, Ukraine-Russia War, Weakening of rupee against dollar, etc.
  • ReITs look less riskier than InvITs. One, due to probability of capital appreciation along with regular yields and Two, due to investment in  diversified range of properties.
  • The key-man risk has been assured by the fund house by continuously strengthening the research and fund management team and following their processes in a disciplined way.
Fund Manager Insight
Anoop Bhaskar
Chief Investment Officer
IDFC Mutual Fund

   Key Insights:

  • A trick for long term investing is to buy cyclical stocks when they are at 3 yr low profits, hold them patiently and sell them when they are generating 3 yr high earnings.
  • If prices of Crude oil drops, and economy seems stable, then India would be a big beneficiary and will be the only country having a potential to generate 7%+ growth.
  • After Ukraine-Russia war, correlation between India and USA has been 98%. So, currently, whatever happens in USA, gets reflected in India.
  • In funds, it is not the fund size that matters, but the flows that matter the most.
  • It would be prudent to hold some cash right now. Like tech bubble, market can see a correction in coming 2-3 months again.
  • Currently, the fund house analyses 140 stocks out of Top 250 in their universe. They are adding more people to the team, and targeting to analyse 180 stocks continuously.

Fund Manager Insight
Alok Singh
Chief Investment Officer
Bank of India Mutual Fund

   Key Insights:

  • When there is a market consensus regarding any event before actual happening of the event, the prices fizzle out very quickly because the actual event generally does not happen exactly same as anticipated.
  • Actual problem in automobile industry seems to be lack of delivering a right product instead of shortage of chip supply.
  • Rather than generalising the facts, one should analyse the companies individually. The same information about an industry affects the individual companies in different manner.
  • On the basis of historical spread between 10 Yr. Government Bond yield and repo-rate, RBI can further hike rates by around 100 bps.
  • If one wishes the stocks in his portfolio to perform, those must be liked by the market. So while adding or keeping any stock to the portfolio, it is important to note whether the market will continue to like it.
Fund Manager Insight
Aniruddha Naha
Head- Equities
PGIM India Mutual Fund

   Key Insights:

  • The near term direction of equity market depends upon factors like Ukraine-Russia War, Inflation, Central Bank's stance on interest rates and crude oil prices.
  • Midcap/Smallcap stocks are expected to outperform any asset class in next 3-5 years.
  • FIIs have made decent returns in India over the last 1 year. Now they are booking profits as interest rates are rising in global markets. 
  • Any expectation of recession in developed country makes emerging markets like India attractive for global Investors.
  • IT Sector is well placed at this time and is expected to grow with a decent rate of 14-15%.
  • Investors should not hurry to put all the money in one go. The investments should be done in a staggered manner via SIP/ STP mode.
Fund Manager Insight
Nilesh Shah
Managing Director
Kotak Mahindra Asset Management Co. Ltd.

   Key Insights:

  • Kotak AMC plans to add Quant model to its asset allocation product strategy.
  • Kotak keeps on exploring to launch innovative products in equity as well as debt segment.
  • After market correction due to interest rate hikes and the Ukraine-Russia war, stocks of major US tech companies are available at very reasonable valuations.
  • There is no clear-cut method to predict the markets. However, Nifty levels below 16000 would be an attractive level to invest in, and above 20000 would be a level to rebalance the asset allocation.
  • Gold will remain a prominent asset apart from equity over next 3-5 years.
Fund Manager Insight
Neelesh Surana
CIO
Mirae Asset Mutual Fund

   Key Insights:

  • Low/negative interest rates in various countries shall keep enough liquidity in the world markets
  • Positive effect of recent government reforms shall be visible in next 1-2 years
  • India is a long term structural growth story and shall provide ample opportunities for wealth creation
  • Investors with long investment horizon and risk appetite can create considerable wealth by investing in stock markets
  • Currently, both large and midsize companies are attractively valued and provide investment opportunities
  • Lumpsum as well as systematic investments should be considered for growth
Fund Manager Insight
Chirag Setalvad
Fund Manager
HDFC Mutual Fund

   Key Insights:

  • Equity markets are volatile due to increase in global oil prices and uncertainties related to upcoming general elections.
  • Markets are fairly valued, small caps provide opportunities after a significant correction in last one year. However, due to current volatility, large caps are also preferred.
  • In banking sector, growth has picked up. Asset quality is also improving.
  • Consumer stocks are overly priced, not suitable to add to funds portfolio
  • The Small cap and Midcap funds are managed with a conservative approach.
  • Over long term, small and midcaps shall generate superior returns to large caps.
Fund Manager Insight
Gopal Agarwal
Fund Manager
DSP Mutual Fund

   Key Insights:

  • The performance of equity markets to polarise in future to few select stocks due to machine based trading, both on the upside and the downside.
  • Rupee need to stabilise before the FIIs start investing in India again. However, best of the dollar rally seems to be over.
  • Oil and trade war pose major risk to Indian equity markets.
  • With falling savings rate, interest rates are expected to continue on a higher side in medium term.
  • Largecap and Multicap funds are favoured for next 6-12 months period.
  • Stagger equity investments over next 6 months through SIP/STP route.
  • Consumption and Financial sectors are well placed for long term, sustainable growth.
Fund Manager Insight
Jinesh Gopani
Head-Equities
Axis Mutual Fund

   Key Insights:

  • Being an emerging market, India is feeling the heat of trade war between two large economies of the world, US and China.
  • Rising oil price and currency depreciation triggered recent volatility in the stock market
  • Further interest rate hike by RBI is expected in near term
  • Volatility in the market to continue till crude price and rupee stabilises, which may take 6-8 months.
  • Companies with good earnings growth will survive the market volatility and shall come out as winners.
  • Investment in small and midcaps should be done with minimum 5 year horizon.
  • Growth potential, good governance, positive return on capital employed and steady cash flows are main parameters for stock selection and portfolio construction.
Fund Manager Insight
Harshad Patwardhan
CIO-Equities
Edelweiss Mutual Fund

   Key Insights:

  • Trade war between China and US will impact emerging markets for next 2 years.
  • Increase in crude oil prices and political instability in the country will keep the equity market volatile for next 1-2 years. 
  • Volatility in mid and small cap is mainly due to regulatory measures taken by SEBI.
  • Damage in small/midcap is already done, many stocks are in recovery phase now.
  • Earning growth in businesses drives equity market in long term.
  • Next 5 years are expected to be better
Fund Manager Insight
Nilesh Shah
Managing Director
Kotak Mutual Fund

   Key Insights:

  • High Valuations, Oil price increase, credit squeeze and political uncertainty are keeping stock market volatile.
  • Net positive investment inflows in the market, good monsoon prediction and strong fundamentals of businesses to bring growth.
  • Good midcap size companies are expected to show recovery in next few months.
  • Valuations of small and midcaps are still high. Further correction of 10-15% is expected, which shall bring valuations to fair value.
  • Few heavily beaten small & midcap stocks, which have poor business fundamentals, may not recover again.
  • India’s long term growth story remains strong. Invest in equities with a time horizon of more than five years.
Fund Manager Insight
Vinit Sambre
Head-Equities
DSP Mutual Fund

   Key Insights:

  • Small & Midcap category is undergoing correction which was overdue after a stupendous run over last year
  • Good stocks have still not corrected to reasonable valuations
  • A 10 percent more correction shall make small and midcaps more attractive
  • Despite recent correction, long term growth story of Indian companies remains strong
  • DSP small and midcap funds had lowered concentration of stocks when market was high. Concentration is now gradually increased
  • Returns expectations from equities should be muted over next 1 year
Fund Manager Insight
Harshad Patwardhan
CIO-Equity
Edelweiss Mutual Fund

   Key Insights:

  • Volatility in stock markets shall remain high for next 12 months due to political reasons, within India and outside India as well.
  • There are signs of corporate earnings gaining pace after a flat period of last 3 years. Improvement in earnings is necessary for the markets to remain steady or to gain significantly from here.
  • Certain pockets of mid and small caps are overvalued but investment opportunities are available in this space from a 3 year plus perspective.
  • Unfair to compare large and midcap benchmarks as their sector composition is very different.
  • Multicap funds are well placed to tap the opportunities across market capitalisation, hence a preferred investment option.
  • However, investors willing to remain invested for a longer period amid high volatility, may allocate a part of portfolio to midcap funds for higher returns over large cap funds.
  • Focus of Edelweiss mutual funds is to create consistent outperformance vis a vis the benchmarks through active management of funds through a combination of strategic and tactical allocation.

Fund Manager Insight
R Srinivasan
Head-Equity
SBI Mutual Fund

   Key Insights:

  • Focus is on finding investment opportunities in Indian companies rather than worrying too much about global factors, as Indian mutual funds invest primarily in India only.
  • All SBI mutual fund schemes have been defined in fixed templates and they are managed exactly as per the templates.
  • The stock selection is analyst and fund manager driven but what kind of stocks can become part of a portfolio is dependent upon its fixed template.
  • Stocks with long term growth potential are favoured over cyclical, short term bets.
  • Investors should tone down their returns expectations to 15% per annum from equity funds for next 3-5 years
Fund Manager Insight
Vihang Naik
Fund Manager
L&T Mutual Fund

   Key Insights:

  • Indian equity market is not cheap, but not in bubble zone also
  • Individual sectors like real estate are deep valued are present fair investment opportunities
  • Small & midcap segment is not uniformly valued. There are several stocks which are not researched actively, hence present attractive investment opportunities.
  • L&T Midcap Fund invests 70% in high quality mid size companies and 30% in deep value small & mid size companies
  • The strategy has successfully outperformed the category with lower volatility
  • Individual stock selection is key to out performance of small & mid cap portfolio and one should invest for long term with minimum 3 year horizon
Fund Manager Insight
Sonam Udasi
Fund Manager
Tata Mutual Fund

   Key Insights:

  • Globally equity markets are seeing a bull run, and India is no exception
  • Low cost funds, easy liquidity, are getting invested into riskier assets
  • Indian bull run to remain intact with few in between hiccups
  • Enough investment opportunities available in the market from 3-5 year perspective
  • Markets may deliver 8-10 percent returns this year, funds may deliver 8-20 percent
  • Active cash calls taken in managing the funds to buy at the right price
  • Prefers a portfolio of 45-60 stocks in the funds

Fund Manager Insight
ANAND SHAH
Deputy CEO and Head of Investments
BNP Paribas Mutual Fund

   Key Insights:

  • Globally, the monetary easing by federal banks was supposed to revive growth through investments and job creation. Instead, the easy money has moved to stock markets and made the equity valuations expensive across the world.
  • Higher spending by Indian government in road, railways and defence may impact its fiscal deficit, thus resulting in stability or firming up of interest rates in next few months.
  • The RBI may not go for any for rate cut and instead may increase rates marginally to keep pace with inflation, which may elevate due to rising crude prices.
  • The Indian stock markets are not cheap but are also not in a bubble zone. Rising inflation and crude prices may impact the market's forward journey. Though first leg of inflation is good for equity markets, a prolonged rising inflation may result in correction in equities.
  • Multicap and balanced funds are well placed to provide superior risk adjusted returns over medium to long term.
  • Investments may be planned in staggered manner in equities through SIP and STP mode.

Fund Manager Insight
Prashant Jain
Chief Investment Officer-Equity
HDFC Mutual Fund

   Key Insights:

  • Due to healthy reforms and demographics in India, foreign and institutional investors are bullish on Indian equities.
  • Demonetisation and GST are major reforms, hence there has been an adverse impact on GDP growth. Even after such large scale reforms, the country is growing at a healthy pace of 6% plus. GST shall be very beneficial for economic growth over long term.
  • Government spending on roads and railways, affordable housing, Mass Rapid Transport System (Metro trains in various cities) and project like bullet train shall in the coming years push growth, specially in infrastructure sector.
  • Capital infusion by government and proceedings under NCLT shall reduce NPAs in banking system.
  • Index has kept pace with economic growth of 15% over last 38 years, and should sustain the same growth rate over many years to come.
  • Large caps are better positioned and valued to offer superior returns than mid caps.
Fund Manager Insight
Jinesh Gopani
Head-Equity
Axis Mutual Fund

   Key Insights:

  • Demonetisation and GST have affected SME sector adversely, which is reflecting in recently stated GDP figures.
  • Infrastructure need is huge in the country but there are not enough funds or developers to meet the requirement. 
  • Currently, IPOs are being launched at hefty valuations leaving very little value for investors. This signifies overheated markets.
  • Recent correction in stock market is healthy for investors as funds can buy existing portfolio stocks at lesser valuations.
  • Long term investors have buying opportunity at every market correction.
  • All Axis schemes are managed within a template defined for that respective fund.
  • Primary focus is on bottom-up stock picking and not to emulate the benchmarks.
Fund Manager Insight
Soumendra Nath Lahiri
Chief Investment Officer-Equity
L&T Mutual Fund

   Key Insights:

  • Equity markets are doing well not only in India but globally as well due to high liquidity and benign interest rates.
  • Historically, Indian stock markets have been driven by FIIs. The situation has changed and domestic inflows are now strong and are matching foreign inflows. This shall reduce volatility in Indian stock markets.
  • Currently, the capacity utilisation is low, primarily due to excess capacity that was created few years back. Only when capacity utilisation of corporate India touches 85%, new private investment shall happen. Currently the Capacity utilisation is approx. 73%.
  • Real Estate companies(not real estate itself) and domestic consumption shall drive growth.
  • Small caps are under researched and provide opportunity to create attractive wealth.
  • Selection of good stocks with good weightage creates outperformance over a broader market.
Fund Manager Insight
Sudhir Kedia
Fund Manager
Mirae Asset Mutual Fund

   Key Insights:

  • Mutual funds are more tax efficient, transparent and comparable than PMS(Portfolio Management Service)
  • Advantage of PMS is that personalised portfolios can be created based on themes of investor choice e.g. a 10 stock portfolio, 4 sectors portfolio etc.
  • Both Mutual Funds and PMS may outperform each other on cyclical basis. Over long term, the returns of both types of investments may not be very different.
  • Focus of Mirae Asset Fund House is to limit the downside, while providing upside with superior selection of stocks and by altering weights of stocks in the portfolio.
  • Investment opportunities exist in stock market irrespective of market valuation. If not in a newly discovered stock, then by altering weights of stocks in existing portfolio. 
  • Mirae Asset Prudence Fund, a balanced fund, tends to have same sector allocation as the nifty, however the stocks in the portfolio may be different from nifty stocks.

Fund Manager Insight
Harsha Upadhyaya
Chief Investment Officer-Equity
Kotak Mutual Fund

   Key Insights:

  • Equity valuations in large caps are stretched, and even more stretched in mid and small caps.
  • Recovery in earnings is important for market to reach and sustain new highs.
  • Continuous flow of investments in equity from mutual funds and pension funds shall limit the downside of the market, if it happens.
  • Time correction happening in small and midcaps, may continue for sometime till valuations become reasonable from current position.
  • Multicap funds are more suitable to invest at this point of time, that too in staggered manner.
  • Investment in midcaps should be made with at least 5 year horizon.
  • Investors should tone down their returns expectations, as past returns may be difficult to replicate in near future.
Fund Manager Insight
Sohini Andani
Sr. Fund Manager
SBI Mutual Fund

   Key Insights:

  • Federal Banks all over the world have stabilised the global markets with ample liquidity.
  • Indian equity market is getting fund inflows from FIIs, provident funds and retail investors through mutual funds and insurance and also due to physical assets getting converted to financial assets.
  • Continuous fund inflow is driving the valuations higher and investors need to be cautious at this juncture.
  • Equity investments should be done at this point with at least 5 year investment horizon and with expectation of reasonable(and not very high)returns.
  • SIP and STP should be the preferred route of investment in equity.
  • SBI mutual funds portfolio are structured in a such a manner to provide upside in up markets but to contain downside in falling markets.
Fund Manager Insight
Chirag Setalvad
Fund Manager
HDFC Mutual Fund

   Key Insights:

  • GST may have short term negative impact on equity market.
  • Midcap stocks are currently at a premium of around 20%, which is not a concern due to their growth potential for long term investing.
  • Investors may expect higher double digit returns from equity over next 5 years.
  • Preference is given to fundamental style of investing over momentum style investments.
  • Bottom up stock selection and quality of portfolio is prime focus.
  • Personal preference is towards midcaps due to higher growth potential and opportunities available in a broader market.
Fund Manager Insight
Neelesh Surana
Chief Investment Officer-Equity
Mirae Asset Mutual Fund

   Key Insights:

  • Global markets are recovering after a prolonged slowdown, which shall be beneficial also for emerging economies like India.
  • Improved current account deficit, improved forex reserves, low inflation and growth oriented government policies indicate strong domestic macros.
  • India presents a long term growth story for equity investments due to favourable demographics, aspirational and educated youth and increasing per capita income
  • Diversified funds should be preferred for investment as they can tap new sectors and opportunities and have the potential to generate inflation beating returns
  • For stock selection in Mirae Asset fund portfolios, corporate governance and thought leadership of management is prime consideration besides other factors like business growth and valuations
Fund Manager Insight
Kartik Mehta
Fund Manager
Canara Robeco Mutual Fund

   Key Insights:

  • Government has taken several steps for structural improvements in the economy
  • These structural changes shall make organised businesses much stronger, and negatively impact disorganised sector.
  • Several corporates are taking benefit of these changes and venturing into new businesses and consolidating existing businesses.
  • Earnings are improving and may see considerable improvements in 2-3 quarters.
  • Despite valuations being higher than historical averages, select midcaps still offer attractive opportunities for 3-5 year investment period
Fund Manager Insight
Shreyash Devalkar
Fund Manager
Axis Mutual Fund

   Key Insights:

  • Government reforms like demonetisation and upcoming GST shall see shift of value from unorganised sector to organised sector.
  • A blend of growth and value in the portfolio is suitable for long term equity investors.
  • Bottom up stock picking is must in each sector as huge divergence can be seen among the companies in the same sector.
  • Pharma may remain under pressure for some time, IT sector may look up in future.
  • Challenge in micro and small cap funds to deploy fresh money. Large cap and mid cap funds pose no such problem at this moment.
  • Fresh money should be allocated to large and mid caps with at least 3 year horizon.
Fund Manager Insight
Anil Shah
Fund Manager
Birla Sunlife Mutual Fund

   Key Insights:

  • Majority government in Centre and high GDP growth make India a favourable investment destination for global investors.
  • Growing population, aspirational middle class and varied business attract foreign investors.
  • Consistent depreciation in currency gives an advantage to India in comparison to other emerging markets.
  • Falling interest rate scenario is good for equity market.
  • Deep correction unlikely in Indian stock market. Global happening may bring some short term correction.
  • No new addition in business sectors in last 15 years and low free float make valuations high in the market.
  • Focus mainly on top down approach in managing funds.
Fund Manager Insight
R. Janakiraman
Vice President & Portfolio Manager–Equity
Franklin Templeton Mutual Fund

   Key Insights:

  • Favourable demographics and rising per capita income shall drive growth in India for next 30-40 years
  • India presents immense opportunities for wealth creation for investors, which they should not miss
  • Even a compounded return of 12-15% over a long period of 25-30 years creates enormous wealth
  • Markets are currently in fair or 10% above fair value zone, which is not a concern for long term investing
  • Both large and midcaps have ample space to make fresh investments for attractive returns
  • Asset rebalancing is recommended when markets become highly overvalued
Fund Manager Insight
Lakshmi Iyer
CIO-Debt and Product Head
Kotak Mutual Fund

   Key Insights:

  • India is very far from zero rate on bank deposits, as seen in few developed countries
  • In 1-2 years, the 10 year bond benchmark rate may bottom out with downward correction of 50 bps from current levels
  • India is a captive market, shall certainly get FII inflows in the event of loose global liquidity
  • She doubts rate hike in US shall happen, as it is a presidential election year
  • Opportunity in short and medium term debt funds to generate healthy returns over next 2-3 years
  • Arbitrage funds may generate superior tax adjusted returns than liquid funds over a short period
Fund Manager Insight
Alex NG
Chief Investment Officer-Asia Pacific
BNP Paribas Mutual Fund

   Key Insights:

  • Indian economy is relatively stable in otherwise financially unstable world
  • Oil prices are down due to higher supply
  • Current oil prices are not sustainable, natural correction may occur over next 6-12 months
  • China slowdown not to impact US growth much
  • China's advantage is its ability to migrate up in the value chain
  • Positive change in India is states competing with each other to attract investments and push economic growth
  • Indian markets are less volatile than Chinese markets
  • Active fund management in India is superior due to bottom up stock picking. ETFs are not the first choice.
  • India is the only country with net positive FII inflows in equity
Fund Manager Insight
Santosh Kamath
Chief Investment Officer-Fixed Income
Franklin Templeton Mutual Fund-India

   Key Insights:

  • Bond yields not correcting downwards due to huge supply and low demand
  • Even in case of rate reduction by RBI, the bonds yields may not go down much in future, due to supply coming in from states under UDAY scheme
  • For next 2-3 years, corporate bonds to provide higher returns, though with credit risk.
  • Even corporate bond fund supply may be more than the demand in next 2-3 years, hence investment should be targeted in corporate bond funds for next 2-3 years only.

Fund Manager Insight
Mahesh Patil
Chief Investment Officer-Equity
Birla Sunlife Mutual Fund

   Key Insights:

  • Due to global slowdown, the nominal Indian GDP growth may be 10% in 2016
  • The government policies and actions are creating the foundation necessary for long term, sustainable growth.
  • The positive impact of government actions shall be visible in the economy in next 1-2 years.
  • Equity markets may remain volatile for next 3-6 months
  • Investors may expect 15% compounded returns over next 3 years
  • Balanced and multicap equity funds to provide better risk adjusted returns as compared to thematic and sector funds.

Fund Manager Insight
V Balasubramanian
Head-Equity
IDBI Mutual Fund

   Key Insights:

  • Portfolio construction is key to consistent returns, and not individual stocks.
  • Volatility is managed through portfolio construction, do not take cash calls.
  • Do not take trading calls and invest in stocks with long term view.
  • High P/E stocks may remain in portfolio if growth potential is visible.
  • Fund objective is to deliver superior risk adjusted returns.
Fund Manager Insight
Anand Shah
Chief Investment Officer
BNP Paribas Mutual Fund

   Key Insights:

  • India is the new growth leader. It has already become too big to ignore and is expected to become the 4th largest world economy by 2020 and 2nd largest by 2040.
  • Other economies across the globe are facing slow-down. India is the only bright spot for FIIs for investment.
  • Key to improvement in economy is job creation and keeping inflation low.
  • Interest rates are higher than inflation for the first time in India.
  • The Indian equity market is expected to remain on an uptrend for coming several years, with potential short-term corrections on the way.
  • The investors should not be expecting ‘Too much too soon’.
  • Government and RBI are working on structural recovery of the country and not on cyclical recovery.
  • It is the companies that  create wealth, not markets. Key to wealth creation is identifying superior businesses with strong management at reasonable valuations.
Fund Manager Insight
Neelesh Surana
Head-Equity
Mirae Asset Mutual Fund

   Key Insights:

  • Indian economy is in much better position than other emerging markets due to relatively more stable currency and favourable macro economic factors like low current account deficit, controlled fiscal deficit and fall in global commodity prices.
  • India is positively impacted by lower oil and commodity prices as it is majorly an importer.
  • Reasons of domestic corporates not showing improved results are lack of demand, low capacity utilization and subdued investments.
  • Corporate bottomline to improve more than topline on account of lower input prices.
  • Initiatives undertaken by government in last one year may take 1-2 years to show visible results.
  • Polarization is seen in the stock prices due to which quality stocks have become expensive. Mirae Asset philosophy is to look for quality stocks at reasonable pricing to generate superior risk-adjusted returns.
Fund Manager Insight
Anand Radhakrishnan
CIO-Equity
Franklin Templeton Mutual Fund

   Key Insights:

  • Equity Market may not get adversely affected by Fed rate hike as this event has already got discounted. In fact, in case of no rate hike, the markets may bounce back from current levels.
  • Companies to report average sales growth but better profitability due to fall in commodity prices
  • Demand needs to pickup for a broader market rally
  • Market trending at near long term averages, large caps fairly valued than midcaps, invest in equities with minimum five year horizon
  • Balanced Funds suitable investment option for beginners and investors who wish to participate in growth with lesser volatility
Fund Manager Insight
Harrish Zaveri
Fund Manager
DSPBR Mutual Fund

   Key Insights:

  • Investors should invest in equity funds with minimum five year horizon at this point
  • Markets might see some correction due to event risks like US Fed rate hike, Yuan devaluation
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