Mihir Vora, Head of Fund Management (Equities), HSBC Mutual Fund, gives his views on investing and shares a few secrets.
Past positions: Worked in ABN AMRO Mutual Fund as head of equities and with Prudential ICICI Mutual Fund as fund manager.
Investment mantra: Buy growth stocks but focus on valuations.
Best call over the past few months: Buying steel and telecom stocks.
Worst call over the past few months: Exposure to the cement sector.
Top picks right now: Capital goods and engineering.
Advice to small investors: Invest for the long term, use systematic investment plans for investing in mutual funds.
Worst mistake small investors make: Focus on trading rather than investing. Many treat investing as a casual activity.
The one thing they must never forget: Investing is not a game of chance. Investors should be aware of risk-adjusted returns.
