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'Refrain from speculating'

Nimesh Chandan, Fund Manager, ICICI Prudential AMC shares his best as well as the worst decisions made on investment.

     Print Edition: April 17, 2008

Nimesh Chandan
Nimesh Chandan

Past positions: Worked with SBI Mutual Fund, Birla Sun Life AMC and Stratcap Securities.

Investment mantra: Invest in companies that have a strong sustainable business, growth potential and a good management team.

Best call over the past few months: Going underweight on technology and overweight on engineering and capital goods at the beginning of 2007.

Worst call over the past few months: Overweight call on the pharma sector did not do well until recently.The sector did not fully participate in the rally but saved value during the fall.

Top picks right now: Sectors like FMCG, media, infrastructure and retail.

Advice to small investors: Investors must have realistic expectations and refrain from reacting to speculation.They should not let stock price performance become the sole reason for buying.

Worst mistake small investors make:
They react strongly to short-term market trends, which influence their entry and exit decisions. This impacts the return potential of their funds.

 

 

 

Nimesh Chandan is Fund Manager with ICICI Prudential AMC.

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