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.
Top 5 Holdings
|% of corpus|
|L & T||4.6|
|Computers (software - large)||6.6%|
|Telecom (service provider)||6.45%|
Performance (% returns)
|Category: Equity Diversified|
As on 17 December. Source: NAVIndia
By Sandeep Kothari, Fund Manager, Fidelity Fund Management
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