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Past positions: Joined Birla Mutual Fund in 1994 as chief trader and portfolio manager for fixed-income schemes.
Investment mantra: To invest in a firm that has good management and is in a good business. Also, ideas that are ignored by the market but have the potential of being winners.
Best call over the past few months: Increasing exposure to IT and telecom.
Worst call over the past few months: Staying invested in the capital goods sector and embedded value stocks.
Top picks right now: Telecom and FMCG will be in focus in the near term. Over medium to long term, it will be the capital goods sector and the financial services industry.
Worst mistake small investors make: Not being disciplined about investing, chasing returns out of greed or withdrawing out of fear.
Advice to small investors: Avoid any complex and complicated product. Focus on proper asset allocation. Also, have exposure to global assets through international equity funds.
Click here to see graphic: Birla Advantage Fund
Balasubramaniam is CIO, Birla Sun Life Mutual Fund.
