Roshi Jain, Senior Fund Manager – Equities, is part of the new face of HDFC MF. Roshi believes that the medium- to long-term outlook for corporate India is robust. Rather than timing markets, she advises systematic investing.
Focused funds beat other schemes in returns
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ICICI Prudential tops the list with 49 per cent returns, followed by Mirae Asset at 46%
The sharp rally in the equity market during the last few months has focused funds delivering much better returns than other category of mutual fund schemes.
As per the SEBI Scheme categorisation mandate, the portfolio in focused fund should be not more than 30 stocks. The objective of focused funds is to deliver higher returns by investing in a limited number of high conviction stocks with strong growth prospects.
During the pandemic, the fund manager steered the focus of the portfolio on themes that could benefit from the disruption caused by Covid pandemic. The focus was to invest in companies with strong balance sheets and better earnings visibility.