"What has worked for us has been the consistency of what we have delivered across multiple years. In addition, we have varied styles working within the broad investment philosophy which has ensured that each fund is managed in a manner that is most appropriate to the objective of the specific category," says Anthony Heredia, MD & CEO of Mahindra Manulife Mutual Fund
“The multicap category has been one of the best for this financial year so far because in the midcap category the best fund has underperformed, but here the best fund has actually outperformed the benchmark by about 3.3%. . Post Covid value has always outperformed the broader market large and value dividend yield have done phenomenally well .”
Money flew into the midcap and smallcap funds in all the months of 2023. While midcap funds garnered inflows worth Rs 14,444 crore, smallcap funds attracted inflows of Rs 26,305 crore. On the contrary, largecap funds have seen net outflows of Rs 3,607 crorein the same period.
“Perhaps Rs 32,000 crore sounds outlandish but the way retail investors are thinking about SIPs is probably the best route to participate in equity markets for the long term. I do not see any reason why it cannot grow to that number. SIPs is not just a great way for retail investors to participate but a lot of high net worth investors are also using the systematic route either through SIPs or STPs to come in.”
"Smallcaps have done well for us and we do expect a similar thing. Only thing one needs to worry about is valuations on an individual set of sectors or stocks and that is where we believe broadly the valuations are normalised now but yes always find those pockets of growth for investors."