Investment mantra: To look for quality management in scalable businesses at a price that offers value. The investment approach differs depending on the fund. Some funds require a bottom-up approach, whereas others need a top-down approach.
Best call over the past few months: Staying underweight in construction, realty and NBFCs.
Worst call over the past few months: Being underweight in banking sector.
Top picks right now: Domestically driven sectors, which are not directly affected by the global financial crisis, such as PSU banks, FMCG and pharma.
Advice to small investors: Invest regularly in diversified equity funds. Add value by investing in thematic/specialised funds to encash the market opportunities. Do not panic and redeem funds now. We are trading at a forward PE multiple of 13x, which is at the lower end of the historical range of 13-19x.
One thing investors must never forget: Do not invest at one go; invest systematically every month. Keep a horizon of two to three years for all equity investments.
— Swati Kulkarni is Fund Manager, UTI Mutual Fund