Past positions: Worked for a UK-based fund as the senior global portfolio manager, apart from Sahara Mutual Fund and Canbank Mutual Fund.
Investment mantra: Value. Buy stocks with a higher earnings growth than the benchmark and when it’s available at a lower multiple.
Best call over the past few months: Sticking on to media stocks.
Worst call over the past few months: Arvind Mills. Our forecast on denim cycles was off and the rupee appreciation hit the company hard.
Top picks right now: Tata Power,ONGC, TCS, Hindustan Unilever and Aditya Birla Nuvo.
Advice to small investors: Opt for mutual funds, invest in process-driven funds and cut costs.
Worst mistake small investors make: Trying to time the markets and not understanding the basic dynamics of firms they invest in.
The one thing they must never forget: Focus on long-term wealth creation. Churn and you burn. Do not speculate.
(Devendra Nevgi, CEO and CIO, Quantum Asset Management Company)
