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Past positions
Was with the National Stock Exchange for nine years. Joined Reliance Mutual Fund in 2003 to manage Reliance Growth Fund.
Investment mantra
Keep changing investment styles to adapt to the circumstances prevalent in the market.
Best calls over the past few months
In January and February we corrected our position in IT sector. We also increased our cash exposure to a lot of stocks. Our cash exposure has gone up from 15% to 30% in the past six months.
Worst calls over the past few months
Though our exposure to textile sector is less than 2% of the fund size, in percentage terms we lost a lot of money.
Top picks right now
We are quite bullish on pharmaceuticals. Banking sector is a good long-term bet.
Worst mistake small investors make
They rely too much on gossip and tips which leads to losses. They buy penny stocks which they think they can double in a very short time.
Advice to small investors
Invest in good funds and stocks for the long term. In case of new fund offerings, don’t go by their price or by what your agent tells you. Do your own research.
Click here to see graphic: Reliance equity fund
Sunil Singhania is Executive Vice-President, Reliance Mutual Fund
