Mahesh Patil, a respected fund manager, handles several equity schemes at Birla. Birla Sun Life International Equity is the latest addition to his kitty. Prior to his current role, Patil worked with Reliance Infocomm (business strategy), Motilal Oswal Securities (senior research analyst) and Parag Parikh Financial Advisory Services. He holds a degree in electrical engineering, MMS in finance and a CFA degree from ICFAI Hyderabad.
Do you see a market crash in the near future?
I don't see a major market crash in the near future. The long term trend is still up. However, after the smart rally we have seen in the last few weeks, one can expect a short correction of about 5-7 per cent in the near future.
What is the strategic and tactical orientation of your fund?
Birla Sunlife Equity fund is positioned as a multi-cap fund with a growth oriented investment style. Tactically, the fund takes about 25 -30 per cent exposure with a medium term view (mainly in mid caps) to ride certain sectoral trends and growth momentum. It also takes a certain amount of exposure in the sunrise sectors with a long-term view.
Which are your top sector preferences?