INSUBCONTINENT EXCLUSIVE:
Money managers overseeing smaller assets are proving to be more successful on Dalal Street than their peers managing large corpuses.
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fund managers with assets under management (AUM) of less than Rs 10,000 crore have outpaced their peers with bigger assets by a wide gap in
This happened despite feeble sentiment in the domestic equity market in the recent past amid subdued macroeconomic trends, sustained FII
outflow, a falling rupee and rising crude oil prices
Kunal Sangoi, a fund manager for Aditya Birla SL India Opportunities Fund and Aditya Birla SL Digital India Fund, has managed to deliver an
average return of 35 per cent in last one year and 16.38 per cent over past six months
The comparative figures for the BSE Sensex stood at 13 per cent and 4.65 per cent, respectively.
Ajay Khandelwal, a fund manager from BOI
AXA Mutual Fund, comes next
He looks after BOI AXA Mid Small Cap Equity Debt Fund that delivered nearly 23 per cent, 9 per cent and 3.5 per cent returns over one
year, six months and one-month tenures, respectively.
His portfolio comprised midcaps and smallcap equity and equity-related securities as
well as fixed income securities
As per last available data, the fund had multibagger stocks like Dilip Buildon, HEG, Graphite India, Sterlite Technologies and Bhansali
Engineering in its portfolio.
Schemes managed by Dhrumil Shah of Reliance Mutual Fund, Ankit Jain of Mirae Asset Mutual Fund and Pradeep
Gokhale of Tata Mutual Fund delivered an average return of over 20 per cent in last one year
comprising a total AUM of nearly Rs 7,500 crore
Jain manages Mirae Asset Great Consumer Fund, while Gokhale handles Tata Hybrid Equity Fund, Tata Ethical Fund, Tata Banking Financial
Services Fund and Tata Digital India Fund.
The Tata Digital India Fund has rallied 48 per cent in last 12 months.
Other fund managers who
managed to deliver over 15 per cent return in last one year included Ashiwin Jain (ICICI Pru), Daylynn Pinto (IDFC MF), Swapnil P Mayekar
(Motilal Oswal AMC), Shreyash Devalkar (Axis MF), Saurabh Pant (SBI MF), R Srinivasan (SBI MF), Anup Upadhyay (SBI MF), Varun Sharma
(Franklin), Jinesh Gopani (Axis MF).
Mayekar managed a total AUM of over Rs 13,000 crore, whereas Gopani oversaw a corpus of Rs 22,000 crore
Funds managed by Raunak Onkar, Rajeev Thakkar and Raj Mehta of PPFAS Mutual Fund, Varun Sharma of Franklin Templeton Mutual Fund, Samir
Rachh of Reliance Mutual Fund, Alok Singh of BOI Axa Mutual Fund, Rohit Seksaria of Sundaram Mutual Fund, Chanchal Khandelwal of Birla Sun
Life Mutual Fund, Dhimant Kothari of Invesco Mutual Fund, Hiten Shah of Edelweiss Mutual Fund, Nidhi Chawla of SBI MF and Taher Badshah of
For instance, contra is a value mandate in which we invest in quality stocks, which are available at cheaper valuation
Fund, told ETMarkets.com.
Dynamic category schemes are asset allocation funds
Cash component is around 25 per cent in last one year in dynamic fund
Dynamic is basically more focused on growth stocks
midcap and multicap funds, liquidity is a major challenge after the recent correction and it is not easy to churn portfolio
broader market is facing a lot of headwinds
We are holding about 23-24 per cent cash position in our portfolio, which helped us in the recent mid-cap correction
Another thing that has helped us is geographical diversification
of 11 per cent return in last one year
His funds on an average have given an annualised return of 10 per cent and 18 per cent, respectively, over three-year and five-year
His funds HDFC Equity Fund, HDFC Hybrid Debt Fund, HDFC Prudence Fund and HDFC Top 100 have delivered 9.55 per cent and 14.28 per cent
average return of 8.30 per cent in last one year
His funds returned between 4 per cent and 15 per cent in last four quarters, whereas all of his funds dipped between 0.70-12 per cent in
She delivered an average of 9.55 per cent return in last one year
On an average, her funds delivered negligible returns in last six months.
Funds managed by Harsha Upadhyaya of Kotak Mutual Fund have
To that extent, either time wise correction or value wise correction could happen
We think at least in largecaps, it would be more of a time-wise correction
managed by Upadhyaya on an average delivered 11.72 per cent and 18 per cent annually in last three years and five years, respectively, and
