small-cap businesses: ETMarkets Smart Talk: Why Harshad Patil is positive on high quality smallcap businesses indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Aman Chowhan of continues to like private banks and has added non-fund-based financials like wealth management companies to the portfolio. The recent correction in the market is seen as profit booking after strong gains in the past months. Chowhan believes that the correction is more of a technical than a fundamental reason. In terms of sector allocation, the portfolio has increased exposure to non-funded financials and remains selective on large PSU banks. The fund manager is confident that FIIs will continue to invest in India due to the country s growth potential and lack of other investment opportunities.
"Elections do bring volatility. If one were to look at data for the last 30 years, despite the short-term volatility around pre and post election results, markets have given positive returns in almost all the terms of different political parties across this period. Given that we have had a good run up in the recent past, our guess is that we may see higher volatility as the election season comes closer."
Most category III AIFs beat Nifty in October - The Hindu BusinessLine 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.