Equity fund managers to get sky-high bonuses amid stellar asset growth thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Sohini Andani of SBI Mutual Fund has been with the fund house since October 2007. Andani has been one of the tallest women fund managers in the Rs 50 trillion Indian mutual funds industry
Sohini Adnani says: "In an improving economic scenario, the earnings upgrade cycle for midcap stocks is far more robust as their size allows higher percentage growth in revenues and improvement in margins, which leads to superior earnings growth versus largecap companies. This leads to better valuation rerating for midcaps versus largecaps. If you look in absolute terms, even returns in large cap funds are above average during the last year but obviously not as robust as midcaps."
So, because the valuations had significantly run up, it is not that we do not like the businesses, we definitely like the businesses but we did not like the valuations.
PGIM India Midcap Opportunities Fund, Edelweiss Mid Cap Fund, SBI Magnum Midcap Fund, Nippon India Small Cap Fund and Sundaram Focused Fund have been added to Moneycontrol s basket of hand-picked mutual fund schemes.