Aniruddha Naha, CIO at PGIM India AMC, shares investment philosophy emphasizing good businesses with strong cash flows and balance sheets. Strategies include trend identification and valuation-based stock selections, anticipating strong earnings growth in the near future. Naha points out that eventual multibaggers are good businesses, which probably are going through a down cycle, and hence both earnings and valuations are compressed.
Deepak Makwana, Principal Officer & Head of ACMIIL PMS, discusses the performance of ACE Midcap fund and other funds. He explains the investment strategy, stock selection criteria, rebalancing reasons, market outlook, and the confidence in financials within the portfolio. According to Makwana : "As far as strategy is concerned, we invest with a long-term perspective and do not change on a monthly basis."
"We believe manufacturing and allied industries like auto ancillaries, metals, defense, textiles, capital goods, utilities, logistics, corporate banks etc. will continue to remain under spotlight in the year ahead given the macro and micro tailwinds. We continue to have a favorable outlook for the banking industry, which is fueled by strong growth potential from rising loan growth and falling credit costs. "