Shreyas Devalkar News Today

“While we did not expect any major announcements in this budget, the lower fiscal deficit coupled with higher capex outlay will aid continued momentum of India growth story. Both of these moves are enablers for a pickup in the private capex cycle,” says Ashish Gupta, CIO, Axis Mutual Fund

Apart from FII flows, we have been witnessing good inflows from DIIs and rapid mobilisation of household savings that limits volatility, says Shreyas Devalkar of Axis MF.

We believe in a long-term approach to investing and accordingly hold selected positions in companies we believe will grow over a longer period of time. The mid and smallcap segments are well represented by the investment and exports sector, which includes chemicals, auto ancillary and manufacturing while the consumption theme has a broader representation in the large cap space.

It’s been a little over a year since a massive front-running scandal erupted at Axis Mutual Fund. The firm has since set its house in order and is now readying for a fresh innings.

“Broadly we should be somewhere around one-third, one-third in large and smallcap category and somewhere around 25-26% in midcap categories as of last month. Sector-wise, one should look at it more from the B2B versus B2C and so on. The financial services sector is high, 25% plus. Sectors in the B2B or manufacturing part of the economy are more in auto, auto accessories.”