Steely discipline

Mahesh Patil, Co-CIO - Equity, Aditya Birla Sun Life Mutual Fund emphasises discipline and a process oriented approach to investing. He invests in companies in which he sees growth opportunities. These opportunities tend to appear if the penetration of a product or service is low, if companies are innovative or if they have a moat. Patil also looks at the management. Does it have the vision and the ability to grab opportunities before it? Here is what he is currently doing. What he's buying: Steel and construction Patil has picked up many steel themed plays. He picked up NMDC, the iron ore miner - a new entry in his funds. He also bought shares of Tata Steel, Jindal Steel and Power, and Jindal Saw. The steel industry is looking up at strengthening demand and higher prices. He has also loaded up on engineering and construction stocks, which include L&T, NCC and India Cemen