ETMarkets PMS Talk: Is it overheated? Fund manager with Rs 1600-cr AUM remains bullish on small & midcap space

economictimes.indiatimes.com:

“Phases of strong economic growth have seen healthy stock returns in the mid cap and small cap categories,” says Hitesh Zaveri, SVP & Head, Listed Equity Alternatives, Axis AMC.

In an interview with ETMarkets, Zaveri who manages more than Rs 1600 cr said: “The Indian economy is currently in a multi-year high growth phase with growth being broad-based across sectors,”. Edited excerpts:

Please take us through the investment philosophy of Axis Brand Equity Portfolio and Axis Core & Satellite portfolio?
Hitesh Zaveri: Axis Brand Equity and Core & Satellite are both multi-cap strategies. Axis Brand Equity Portfolio invests in companies where Brands are an important factor for their customers/ clients.

Unlock Leadership Excellence with a Range of CXO Courses

We look for companies that have created differentiation in their Brand Management, brand architecture and have created strong equity with their target customers and these initiatives have resulted in better differentiation in the marketplace, improved market share and profitability.

We also look for companies that can extend their existing Brand Equities associated with a particular set of portfolio products/services and expand in adjacent categories.
The Brand Equity Portfolio holdings comprise of companies that have (i) established brands, (ii) turnaround brands and (iii)