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The fund house, the seventh largest in the 43-member strong mutual fund industry, has fallen out of investors' favour of late on account of weak performances by its equity schemes and changes in the core team including key fund managers.
Shreyash Devalkar discusses lending entities, stable macros, RBI's GDP target, market dynamics during elections, valuation, attractive segments, and the performance of largecaps, midcaps, and smallcaps, including the impact of PSU entities on asset allocation and returns. Devalkar says: "On a six-month basis. already the large versus mid versus small the differential is 2% to 3%. Normally it is 15% to 18%."
The participation from diverse investor segments has been notable, with over 1.5 lakh applications, , Axis MF
Retirement-based mutual funds have a bias towards debt rather than equities, making them suitable for individuals closer to retirement. These funds have specific features, such as a minimum holding period, that guide both investors and fund managers in making longer-term investment decisions. The asset allocation of a conservative retirement plan typically has a higher allocation to debt. Investors should consider their asset allocation strategy and consult with financial advisors to create a balanced overall portfolio.
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.