ETMarkets PMS Talk | Growth, strategy, margin: Inside Purnartha's dynamic midcap philosophy
Dynamic Midcap Strategy, we follow the GSM investment philosophy. ‘G’ stands for growth, ‘S’ stands for strategic value and ‘M’ stands for margin expansion,” says Mohit Khanna, Fund Manager at Purnartha.
In an interview with ETMarkets, Khanna said: “In the Multi-asset, Purnartha One Strategy, we optimize risk by actively managing the asset allocation using a VMS framework – ‘V’ stands for valuations, ‘M’ stands for macro outlook and ‘S’ stands for sentiments.” Edited excerpts:
Thanks for taking the time out. Well, October was a tough month for equity markets as external factors and FII selling fueled bearish sentiment. The One Strategy fund and Dynamic Midcap strategy outperformed respective benchmarks. Please take us through the performance.
Yes, intense FII selling fueled the weak Q2 earnings and tepid macro situation that resulted in a quick market decline during October'24. For the month of October, Purnartha One (Multi Asset Strategy) was down by -1.8% vs -2.7% for its benchmark (Nifty Multi Asset II Index).
The Dynamic Midcap Strategy declined -4.3% vs -6.5% for its benchmark (BSE 500 TRI) and -6.4% for Nifty Midcap 150 Index. Both these strategies continue to outperform their respective Benchmarks for a 3-month and 6-month period as well.
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