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In each bull market, there will be pockets of exuberance, but there will be some other pockets which will be out of favour and that is where we tend to look for opportunities.
In February, PPFAS had around 30 stocks in its equity portfolio which declined to 29 in March.
While AI algorithms can crunch numbers and provide sophisticated advice, they cannot fully grasp the complex emotions and behaviours that drive market dynamics.
Thakkar says overseas limits didn’t allow new investments, despite the attractive valuations.
Quantum Multi Asset Allocation Fund is already open for subscription, whereas Parag Parikh Dynamic Asset Allocation Fund, and Mahindra Manulife Multi Asset Allocation Fund will open on February 20.