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Milind Karmarkar says: “In mid and especially smallcaps, there are excesses. It may continue for a long time, because I have learned that during the software boom, when you think there are excesses, the market, the prices can grow four times from there. As a fund manager, I would not get into that at all.”
Milind Karmarkar says: “A retail investor definitely needs to be lazy. At the same time, they also need to keep returning back to investment thought and confirm that the investment thought continues to hold in the company. As long as that is there, you do not need to do anything if the prices move up and down, no, not at all.”
“The issue is whether you can get in and out of a stock at the right time. You identify what is stagnating, you get out and get into something else and then do well or you hold on to the stock and invest in other growth stocks to help you to push your portfolio returns? Power ancillaries and railways are the two sectors where I see double-digit growth between 15% and 20%.”
We have Maruti in our portfolio. But besides that we have never bought into autos because frankly, again, a big part of business which is cyclical and most of the times I avoid cyclicals because I always say that I do not understand commodities very well and these are trades.