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 |
| Bhel | 5.4 |
| L & T | 4.6 |
| SBI | 4.3 |
| Bharti Airtel | 4.1 |
Investment break-up | |
| Banks | 18.4% |
| Electric equipment | 7.9% |
| Refineries | 7.6% |
| Computers (software - large) | 6.6% |
| Telecom (service provider) | 6.45% |
Performance (% returns) | |||
| Period | Fund | Category | Benchmark (BSE 200) |
| 3 months | 22.0 | 27.1 | 30.7 |
| 6 months | 32.1 | 39.2 | 44.1 |
| 1 year | 48.3 | 50.5 | 53.0 |
| Category: Equity Diversified As on 17 December. Source: NAVIndia | |||
By Sandeep Kothari, Fund Manager, Fidelity Fund Management
