In this episode of Coffee Can Investing, Manish Gunwani, CIO of Equity Assets at Reliance Mutual Fund talks to Saurabh Mukherjea about his journey into the market and how he managed to master the art of investing
Gunwani was the sole fund manager of ICICI Pru Focussed Bluechip Fund and also managed equity portion of the ICICI Pru Balanced Advantage Fund
Speaking to CNBC-TV18, Manish Gunwani, Deputy Chief Investment Officer-Equity at ICICI Prudential Mutual Fund, said domestic cues were more responsible than global factors for the recent upmove in Indian equities.
The rupee is expected to see further depreciation in the coming months against the US dollar, although the depreciation will not be too steep, says Manish Gunwani, Deputy CIO, ICICI Prudential Mutual Fund.
Speaking to CNBC-TV18 Manish Gunwani of ICICI Prudential Mutual Fund said that there is an upward movement seen in bond yields globally. Ultimately, it is about eanrings growth, he said. He doesn‘t think there is a case yet for a P/E (price to earnings) re-rating.
Long-term investors can look at fully invested funds but people with a 2-3 year time frame should look at investing in dynamic asset allocated funds or balanced funds, said Manish Gunwani, Deputy CIO Equity, ICICI Prudential Mutual Fund.
Speaking to CNBC-TV18 Manish Gunwani of ICICI Prudential Mutual Fund said that the earnings on a reported basis are in line with expectations. “They are neither a big beat nor a big mess.†The commentary is mixed, he said.
In an interview with CNBC-TV18, he said that oil, gas and realty reforms though delayed, bode well for these sectors
Manish Gunwani, Deputy CIO-Equity, ICICI Prudential Mutual Fund, advises investors to have minimal exposure to companies that are exposed to global growth as that is where the current pain point lies.
Manish Gunwani, senior fund manager at ICICI Prudential AMC believes dollar trajectory will be the key variable in the short-term
ICICI Prudential Mutual Fund launches a ICICI Prudential Business Cycle Fund - Series 2, a close ended equity scheme with the objective to seek to generate income by investing in a portfolio of fixed income securities/debt instruments maturing on or before the maturity of the scheme.
In terms of further earnings downgrade on the back of disturbing global news, Manish Gunwani, senior fund manager at ICICI Prudential AMC believes there may be some downgrades of 1-2% here and there at the margins.
ICICI Prudential Mutual Fund launches ICICI Prudential Value Fund - Series 8, a close ended equity scheme that aims to provide capital appreciation by investing in a well diversified portfolio of stocks through fundamental analysis.
Manish Gunwani of ICICI Prudential AMC believes equities will outperform other asset classes in the medium term.
Manish Gunwani, Senior Fund Manager at ICICI Pru AMC does not see a strong velocity of trend in the short term but keeps his faith on long term macro economic growth.
Manish Gunwani of ICICI Prudential says that the next two to three quarter earnings are likely to be volatile and even if we start seeing very healthy macro, it will take some time to translate into earnings.
According to Manish Gunwani of ICICI Prudential AMC, one may look at PSU banking stocks with a long term view of 2-3 years.
Gunwani sees corporate earnings growth being tepid for a couple of more quarters as the improvement in the macro environment is yet to trickle down
Gunwani sees improving macro-economic environment as a major trigger for earnings growth.
ICICI Prudential Mutual Fund launches ICICI Prudential Growth Fund - Series 7, a close ended equity scheme that aims to provide capital appreciation by investing in a well diversified portfolio of equity and equity related securities.
Gunwani expects aggregate corporate earnings to grow 15-16 percent this year and 20 percent next year.
Manish Gunwani, Senior Fund Manager, ICICI Prudential AMC is also bullish on long-term duration bonds.
ICICI Prudential Mutual Fund has launched ICICI Prudential Growth Fund - Series 4, a close ended equity scheme with the objective to provide capital appreciation by investing in a well diversified portfolio of equity and equity related securities.
The Nifty closed above 8100 level for the first time, up 31.55 points at 8114.60 while the Sensex climbed 120.55 points to 27139.94 after hitting an intraday high of 27225.85. The BSE Midcap and Smallcap indices gained 0.9 percent and 0.4 percent, respectively.
Manish Gunwani, Senior Fund Manager of ICICI Prudential AMC is of the view that one may prefer auto and auto ancillary stocks.