Fund Manager Talk | Market correction opens up some upside potential: Franklin Templeton’s Venkatesh Sanjeevi
The recent correction has opened up some upside, even after considering the earnings cuts, says Venkatesh Sanjeevi, Senior Vice President & Portfolio Manager – Emerging Markets Equity — India, Franklin Templeton.
«Our investment approach is to capitalise on such near-term weaknesses to build positions into high quality companies which can compound their earnings for many years ahead,» he says.
Edited excerpts from a chat:
Mutual fund inflows have been strong even when the market is falling. How much cash are you deploying in your portfolios amid the market correction?
In October 2024, equity mutual fund inflows remained robust, with active equity funds attracting INR 41,887 crore. Over the past six months, the average monthly inflow has been INR 37,827 crore. Our current cash holdings, ranging between 2-5%, are consistent with long-term trends. The recent market correction presents us with investment opportunities as we seek quality compounding opportunities.
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