Join us for a Mint 50 live chat with DSP BlackRock's Apoorva Shah from 4:00 to 4:30 pm today.
Good evening everyone... Thank you for joining me in this special Live chat. I'm ready to take your questions now.
@Woods We are bullish on Banking, Capital Goods, Automobiles, Pharamaceutical & Logistics sectors. We are wary of Commodities, Real Estate & FMCG sectors.
@KEA When markets were at 8000, we had an overweight on Consumer, Pharmaceuticals, Utilities, Nifty & Cash in our portfolio whereas now it is more cyclically oriented with overweight on Capital Goods, Automobiles & reasonable weight in Banking.
@Bonu No, it doesn't
@Bonu We are positive on these two sectors & even the market benchmark is quite heavily invested in these sectors.
@Woods The volatility of stocks in this sector suggests to us that there is very little comfort that investors have with valuation in this sector. Perhaps the real estate prices may affect volume growth since they are too high.
@Bonu The rapid recovery in our economy since 2008 has led to exhaustion of excess capacity and that will lead to demand for capital goods so as to expand capacity. Besides, the demand for infrastructure building is going to remain for another few years. This will also lead to credit offtake.
@KEA FMCG is expensive, relative to market and is undergoing severe competition.
@sara We normally have 5% Cash in our portfolio unless there is reason to believe that significant downside exists in the market.
@KEA We feel Telecom sector may take another few months to bottom out.
@KEA At DSP BlackRock Mutual Fund, a lot of performance is driven by teamwork & systems. Hence the award for Best Equity Fund House. Therefore there should be no such worry.
@sara Yes. Equity Fund typically has 50% or less exposure to mid and small caps. This shall continue.
@Woods Generally, younger people can take higher equity risk due to high remainder lifespan. Mutual funds could be an ideal way to get that exposure. Of course, the ability of individuals to tolerate ups and downs of the market will determine their own exposure levels.
@KEA Our basket of funds covers stocks across market capitalization and in different market conditions, different market caps outperform. It is for investors to choose which category they want to play in a certain market. However, over the longer term, Indian large cap companies (top 100) can give handsome returns with relatively lower risk. We do not feel disadvantaged as a result.
@sonu We cannot comment on individual stocks. We have already written about our sector choices and our published portfolios reveal our stock preferences.
@KEA Yes. It is a good time to look at infrastructure funds like our DSP BlackRock India TIGER Fund.
@Woods We do have exposure to commodity stocks. However, they seem to be discounting high growth in world economy and hence, they can fall should the growth disappoint.
@Woods There are quite a few good funds and it would not be fair to pick one favorite.
That's all the question we are taking today. Thank you Apoorva, and thank you all for joining. See you next week for the next Mint 50 chat.
Thank you everybody, and thank you Mint.
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Apoorva
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