Fund Manager Beating 99% Of Peers Has This Advice For Investors
A fund manager who beat peers this year continues to see good opportunity in select large-cap stocks powered by earnings momentum.
“That’s where we are putting our money into,” Jinesh Gopani, head of equities at Axis Mutual Fund told BloombergQuint in an interview.
Gopani oversees several funds for Axis Mutual Fund. They include the Axis Multicap Fund, which has beaten 99 percent of peers this year, according to data compiled by Bloomberg. His Axis Equity Fund, for example, counts HDFC Bank and Kotak Mahindra Bank as its largest holdings, the data show.
Gopani said it is better to stick to good blue-chips and mid-cap stocks rather than going for high beta stories, where he expects the correction to be more intense. “The companies with good pricing power and earnings momentum will continue to do well,” he said.
Watch the entire interview here: