Watch Mahesh Patil of Aditya Birla Sun Life Mutual Fund discuss the start of his journey in the stock market and investors who shaped his strategies over the years in this episode of Coffee Can Investing
Mahesh Patil of Birla Sun Life AMC sees companies with good earnings visibility to be a key to the market and domestic-focussed ones will see a pick up in results. He prefers consumer discretionary, NBFCs and metals from a long term perspective.
The recent rally has led to a run-up in valuations, and Mahesh Patil, Co-Chief Investment Officer at Birla Sun Life AMC told CNBC-TV18 he would prefer to not chase the market, but look to buy at better price points.
Market valuations are slightly beyond comfort and with no big macro events lined up, a runaway rally is unlikely, says Mahesh Patil, Co-Chief Investment Officer at Birla Sun Life AMC.
The demonetisation move has hit the returns potential of a slew of sectors. Subsequently, Birla Sun Life Mutual expects the Nifty companies to yield 8 percent growth by end of FY17, said Mahesh Patil, Co-Chief Investment Officer-Equity, Birla Sun Life Mutual Fund
With much of the pain behind us, the market is now starting to look relatively attractive and there is a fair chance of the indices hitting new highs in 2017, says Mahesh Patil, Co-Chief investment officer at Birla Sun Life AMC.
Speaking to CNBC-TV18 Mahesh Patil, Co-Chief Investment Officer at Birla Sun Life said that following the demonetisation move they have been relooking their portfolio.
Speaking to CNBC-TV18 Mahesh Patil of Birla Sun Life AMC said that a year down the line, one could look at much better outlook in earnings. "The past four quarters could see a decent earnings growth," he said adding that he doesn't see any reason for a re-rating from current levels.
Speaking to CNBC-TV18 Mahesh Patil of Birla Sun Life AMC said that in NBFCs valuations are on the higher side. â€œWe don‘t don‘t just look at near-term PE multiples. We take a longer view. This is a good sector to be in.â€
"The momentum in the economy is expected to pickup going forward on the back of good monsoons, Pay Commission so I think you want to be in this market, stay invested in the market and ride the long term growth story in India for an investor," says Mahesh Patil, CIO, Birla AMC.
There have been more positive surprises, albeit marginally, than negative ones in first quarter corporate earnings, says Mahesh Patil, Co-CIO of Birla Sun Life AMC in an interview to CNBC-TV18.
Indian markets will not see any big headwinds as monsoons have picked up and GST Bill stands a big chance of getting passed and liquidity in the system is much higher, said Mahesh Patil, Co-CIO at Birla Sun Life AMC.
Mahesh Patil, Co-Chief Investment Officer of Birla Sun Life Asset Management Company, says any volatility would make for a good opportunity to buy stocks.
Fundamentals justify market at current levels and the market needs to consolidate now, says Mahesh Patil, Co-Cio, Birla Sun Life AMC.
While the current year has not been too kind on the earnings-front, Mahesh Patil, Co-Chief Investment Officer, Birla Sun Life AMC expects the same to grow at 15-17 percent in FY17.
Mahesh Patil of Birla Sun Life AMC does not see Bihar election outcome impacting the markets much. However, if there is any correction in the market post Bihar polls, investors should use it as a buying opportunity, he adds
Birla Mutual Fund's Mahesh Patil said the current weakness in the market was due to a delayed economic recovery. He, however, expected corporate earnings to grow 15-20 percent this year.
As economy rebounds cyclical sectors especially banking and autos will gain. Interest rate cut of 50 to 75 basis points over next 12 months will be conducive for growth.
Betting big on manufacturing, Birla Sun Life AMC has launched a new manufacturing equity fund. The NFO closed on January 27.
Birla Sun Life Mutual Fund launches Birla Sun Life Focused Equity Fund - Series 4, a close ended equity scheme, with the objective to generate capital appreciation, from a portfolio of equity securities specified as eligible securities for Rajiv Gandhi Equity Savings Scheme, 2013 (RGESS).
The Morningstar Investment Conference held recently saw a few of India‘s top fund managers take the stage in an interaction to discuss their outlook on stocks, markets and investing.
According to Mahesh Patil, Co-Chief Investment Officer, Birla Sun Life AMC market seems to be at bottom of the cycle and is fairly priced at the current juncture but there could be pockets of valuations, especially in some of the cyclicals.
Mahesh Patil of Birla Sun Life AMC remain overweight on IT stocks on back of rupee stabilising and the deal pipeline looking much healthier.
Mahesh Patil of Birla Sun Life Asset Management is positive on the auto ancillary space.
The market can rally further in the medium-term, but could consolidate at current levels, says Mahesh Patil, co-CIO, Birla Sun Life Asset Management Company. He says more companies disappointed in Q4 earnings this year than expected.