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Past positions: Worked with SBI Mutual Fund before joining Standard Chartered AMC (now known as IDFC MF).
Investment mantra: To identify companies that can be scaled up and enjoy a competitive advantage, companies that have a strong earnings growth and are available at reasonable valuations.
Best call over the past few months: We foresaw the underperformance of interest-rate-sensitive sectors and reduced our exposure in them.
Worst call over the past few months: We could have anticipated the depreciation of the rupee and increased our weightage in the software sector.
Worst mistake small investors make: They get taken in by the hype and invest when a cycle is peaking.
Advice to small investors: Invest through a professional intermediary like a mutual fund. Never try to time the market. Always use a systematic investment plan. Invest through a product that best suits your risk appetite.
Click here to see graphic: IDFC Classic Equity Fund
Ajay Bodke is Senior Fund Manager–Equities, IDFC Mutual Fund.
