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'Stick to a simple investment plan'

Sandeep Kothari, fund manager, Fidelity Fund Management says, "In the short run, the stock market is driven by emotion; in the long run, by logic. So stay focused on the long term."

Sandeep Kothari

Past positions: Was portfolio manager with Fidelity Hong Kong, managing offshore India funds. Joined Fidelity International in 2002.

Investment mantra: I look for stocks that could deliver solid returns on a risk-adjusted basis and I try to achieve consistency in performance.

Top picks right now: Capital goods and domestic consumption-related stocks.

Advice to small investors: In the short run, the stock market is driven by emotion; in the long run, by logic. So stay focused on the long term.The level of the market over a period of time is a result of corporate earnings. If corporate earnings continue to grow, then logically, over time, the market will rise, regardless of current levels.

Worst mistake small investors make: Making investment decisions based on daily market movements. Beware, because dayto-day volatility results out of news flow and sentiment, many a time ignoring fundamentals.

 

Portfolio composition

Top 5 Holdings

% of corpus

RIL

6.5
Bhel5.4
L & T4.6
SBI4.3
Bharti Airtel4.1

 

Investment break-up

Banks18.4%
Electric equipment7.9%
Refineries7.6%
Computers (software - large)6.6%
Telecom (service provider)6.45%

 

Performance (% returns)

PeriodFundCategoryBenchmark
(BSE 200)
3 months 22.027.130.7
6 months32.139.244.1
1 year48.350.553.0
Category: Equity Diversified
As on 17 December. Source: NAVIndia

 

By Sandeep Kothari, Fund Manager, Fidelity Fund Management