'You make money when markets stay noisy'
How are you assessing the current scenario, where markets have seen a drawdown for almost two years? What is your take on narratives around retail
How are you assessing the current scenario, where markets have seen a drawdown for almost two years? What is your take on narratives around retail Systematic Investment Plans (SIPs) facilitating exit for foreign investors? What is your advice for retail investors? Three years on, do you think the fund house has done enough to earn back the trust of investors and distributors? What have you changed in your investment framework to improve outcomes? What are the priorities for the new chief investment officer, and what strengths does he bring to the role? Axis MF retains its conviction in growth style, at a time when others have adopted diversified fund styles for consistency. Why is that? Axis MF’s fixed income strategies are on a strong footing. What is the framework guiding your calls in this space? When will Axis MF launch Specialised Investment Funds (SIFs)? How do you view SIFs, and what approach will your funds take? Even as the war clouds have dissipated, the world has become very unpredictable. India is staring at four big issues. Inflation and rupee depreciation are visible issues. Monsoon is a larger area of concern, with forecast of deficiency this year. The impact of delayed monsoons and deficiency of rainfall will be very critical going forward. The fourth is the impact of artificial intelligence (AI), which is not thoroughly researched. The impact of all these four factors on corporate earnings is not fully reflected. Companies that did well for the last three quarters during a tough phase will do much better than others. We continue to be cautious and are not projecting doubledigit earnings growth yet. The next three years should look much better, as long as we don’t have persistent global issues coming and hitting us.India was primarily an infrastructureled economy between 2019 and 2023, with the government significantly increasing its spending on infrastructure. At the same time, the consumption side of the economy was beginning to strengthen following the Goods and Services Tax (GST) cut. It was an interesting phase in which the infrastructure cycle was already underway while the consumption cycle was gradually taking shape. That’s a good flywheel (selfreinforcing loop) for economies to do well. Unfortunately, we hit a bump on account “Markets will remain noisy. That’s how you make money” of global events. Once things settle down, there is no doubt the twin engines of infrastructure and consumption can provide a good platform for the economy.Large-and mid-cap funds since these also enable overseas exposure.Sabr ka fal meetha hota hai (patience bears sweet fruit). The path may be bumpy, but if you remain invested, you will reach your destination.Dangal.
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