Bet big on stocks in which you have high conviction, says CIO-Equity, SBI MF, R Srinivasan
On Moneycontrol’s weekly The Wealth Formula, the CIO-Equity explained why investors need to look deeper
In a rapid-fire round on Moneycontrol’s The Wealth Formula, the CIO-Equity of the country’s largest fund house spoke about why investment management is more fun that work, a bet that went horribly wrong and the investment stalwarts he admires
Speaking at Moneycontrol’s weekly show The Wealth Formula, SBI Mutual Fund’s R Srinivasan emphasised how probabilistic thinking is essential to investing success, and shared his lessons
He pointed out that a good business and a good management will always trade expensive, but the complexity and art of investing comes in when you have to combine these two factors and decide what your cut-off price will be
Cash calls are usually taken when wealth managers want to protect investors’ money from the downside. “However, protecting the downside is only remembered for a short period of time. The bigger picture is always participating in the upside,” says Anoop Bhaskar of IDFC MF
Bank stocks remain the market’s darlings on the back of an increase in capital expenditure and the cleaning up of bad loans on their balance sheets.
The entire panel said they were Overweight on financials at the moment, on the back of good earnings visibility and strong asset quality
According to Arnav Pandya, this fund is suitable for investors who want a predominant exposure to the mid and small cap space with a slightly higher risk element present.
R Srinivasan, head-equities of SBI Mutual Fund says the mutual fund‘s midcap style of investing is bottom-up.
As per Arnav Pandya's analysis, this fund has remained a consistent performer across varied investment period and is suitable for investors looking towards an exposure of large cap stocks in their portfolio.
R Srinivasan, MD of Redington India, in an interview with CNBC-TV18’s Udayan Mukherjee and Mitali Mukherjee, said that the two major shareholders Synnex from Taiwan and Kewalram Chanrai Group from Singapore pared down their stakes in the company and StanChart Private Equity would be the likely buyer.