'One needs to be more selective with mid-cap stocks'

What has resulted in the outperformance by the fund over the last one year? We would attribute it to our fundamentals-based stock-selection process. Specifically in the mid-cap category, sector allocation is not as critical as stock selection. Our philosophy of investing at Axis is to focus on high-quality companies that have high growth prospects. We believe a fundamental investment approach focused on identifying such sustainable businesses while controlling risk is the best way to deliver returns in the Indian equity market over the long term. How do you pick stocks in this fund? Our investing philosophy across all funds remains the same. Over and above the philosophy, we have to keep in mind the fund mandate and investment objective. Axis Midcap Fund has a high-conviction mid-cap portfolio, with reasonable diversification across sectors. Sin

This article was originally published on July 20, 2018.