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Asset allocation must guide investments

Asset allocation must guide investments

R Srinivasan, a portfolio manager, tells us his investment mantra and advises on which stocks to go for and which to avoid.

R SrinivasanPast positions: Was earlier with an associate of Oppenheimer & Co, and on the sell side with Indosuez W. I. Carr and Motilal Oswal Securities.

Investment mantra: Make money.

Best call over the past few months: Power equipment stocks.

Worst call over the past few months: Tried to be contrarian in textiles stocks.

Top picks right now: L&T, Infosys and Grasim in large caps. Pantaloon Retail, LMW and Infotech Enterprises lower down the market cap.

Advice to small investors: Stick to the desired asset allocation. It helps to book profits at higher levels and buy at lower levels.

Worst mistake small investors make: Trying to average when their stocks move down.

One thing retail investors should never forget: Leveraging is a double-edged sword. Retail investors should stay away from it.

R Srinivasan, Portfolio Manager, Principal PNB Asset Management Company