Fund Manager Talk | Valuations reasonable across market, buying banks and consumer discretionary stocks: Anthony Heredia
Post the recent fall, valuations have become reasonable across the market, says Anthony Heredia, MD & CEO, Mahindra Manulife Mutual Fund.
He continues to prefer largecaps over mid & small caps in the current market environment. «Incrementally, we are adding more banking stocks and consumer discretionary names that are expected to benefit from tax rate cuts and even the RBI rate cut,» he says in a chat with ET Markets.
Edited excerpts:
You have just launched Mahindra Manulife Value Fund NFO. How different is this scheme going to be than existing schemes available in the market?
Our Value Fund NFO is different from our existing product portfolio, both in terms of investment approach as well as style. Every fund manager has a unique perspective when it comes to perceiving aspects like value, margin of safety, inherent worth of the business and over time this plays out in the portfolio. This is perhaps the fund category that sees the maximum difference in portfolios as a consequence. In our case, we will focus on stocks and themes where there is significant valuation re-rating potential within a time-bound manner. The catalysts as well as potential drivers for the re-rating will be assessed and evaluated relative to current price, which makes it easier to implement portfolio decisions both from a buy as well as sell perspective.
Stock Trading
Maximise Returns by Investing in the Right Companies
By — The Economic Times, Get Certified By India's Top Business News Brand
Stock Trading
Market 104: Options Trading:
