Fund Manager Talk | WhiteOak's Trupti Agrawal hunting for stocks in 5 sectors
While stating that they are fully invested at all times with a bottom-up approach to investing in great businesses at attractive valuations, Trupti Agrawal, Fund Manager at WhiteOak Capital AMC, finds more opportunities within Private Financials, Consumer Discretionary, Industrials, Healthcare, and Communication Services.
«Irrespective of market levels, at every point in time there will be companies which will be relatively undervalued and our portfolio will reflect some of these new ideas, if they meet our framework of great business,» she says.
Edited excerpts from a chat:
How have you been tweaking your portfolios in the last few months amid all the concern around valuation and earnings growth slowing down?
The recent dip in macro data could be attributed to higher-than-average monsoons in August and September, some slowdown in government spending, and calendar shifts in the timing of inauspicious and festival periods. Thus, is likely to be transient, as a matter of fact, global agencies such as the IMF continue to project a healthy GDP growth for India over the next few years.
We view macro as a source of risk, from which we try to shield the portfolio’s relative performance rather than seek any opportunity to generate alpha. Irrespective of the underlying market scenario, we believe it is prudent risk management approach to maintain a balanced portfolio with an aim to ensure that performance is a function of stock selection capabilities of the team rather than being driven by non-stock specific macro risk
