Govt may increase emphasis on consumption and job creation: Pramod Gubbi
«Of course, the pocket where we have seen the best combination of growth and value have been private sector banks, that remains a reasonably large allocation for us. Healthcare services remain a decent allocation, both across hospitals, diagnostics, and pharma,» says Pramod Gubbi, Marcellus Investment.
How did you manage to kind of tap into this opportunity that the market threw up in terms of making money? What was the action like at Marcellus?
We are known for our inaction. We are long-term investors. We rarely react to such events and that has been the case this week as well. We have barely changed any of our portfolio positions. But going into a volatile event, our style of investing and our sort of portfolio which is comprised of strong businesses fundamentally with strong balance sheets, always tend to do better in times of adversity.
So, we went into the elections quite strongly positioned for a potential adverse event. But it was not because we expected any adverse event. It is just our style of investing. So, to that extent, there has been almost next to nothing in terms of changes that we have made pre or post elections.
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But what have been your portfolio overweights if one can ask that?
Yes, so look, we remain bottom-up investors. For us, the business has to make a
