Investment mantra: Create value through superior stock selection backed by rigorous research combined with disciplined risk
management.
Best call over the past few months: Tata Power.
Worst call over the past few months: Missing out on HDFC.
Top picks right now: Strongly betting on infrastructure, FMCG and consumer durables; in the medium to long term there is a lot of unrealised potential in these sectors.
Advice to small investors: Invest with a long-term horizon in equity and never try to time the markets.
Worst mistake small investors make: Investing in penny stocks assuming they are cheap and can reap huge gains.
Jyoti Vaswani is the Associate Director-Fund Management at Aviva India
AVIVA LIFE GROWTH FUND | |
Portfolio composition | |
| Top 5 HOLDINGS | % of corpus |
| Bhel | 3.16 |
| United Phosphorus | 2.34 |
| Larsen & Toubro | 2 |
| Alok Industries | 1.97 |
| NTPC | 1.94 |
Sectoral breakup | |
| Power and power equipment | 10.7% |
| Infrastructure | 5.8% |
| Banking & financial services | 5.2% |
| Information Technology | 5.1% |
| Cement | 4.5% |
Performance (%) | ||
| Period | Fund | Benchmark (S&P CNX 500) |
| 1-year | 28.7 | 31 |
| 3-year | 38.9 | 33.8 |
| Since inception(27 Jan 2004) | 35.8 | 25.3 |
| Returns for more than one year are compounded annualised growth rate (CAGR). | ||
Asset mix | |
| Equities | 63% |
| Money market | 16% |
| Gilts | 11% |
| Corporate bonds | 10% |
| All figures as on Sept 30, 2007 | |
