Summary of Neil Parikh, CEO of PPFAS Mutual Fund's recent interview with CNBC TV18:
• Time to be little cautious now. Market looks expensive, valuations aren't cheap.
• AMCs are launching new thematic & sectoral funds to gain AUM. And in new schemes, AMCs can charge higher.
• Investors shouldn't try to time their investments (SIPs)
• We're not finding easy or attractive opportunities to invest in. We are about 16% cash.
• Neglected space right now is private sector banks.
• We are also liking select large cap IT stocks & PSUs.
• Many are over-diversifying by owning too many mutual funds. Lots of overlap and not very optimal.
• If I have to make a blanket statement I would say to everyone - 2 diversified active funds & 1 large cap index fund is enough for equity portfolio.
• Stick to your proper asset allocation.
• Time to be little cautious now. Market looks expensive, valuations aren't cheap.
• AMCs are launching new thematic & sectoral funds to gain AUM. And in new schemes, AMCs can charge higher.
• Investors shouldn't try to time their investments (SIPs)
• We're not finding easy or attractive opportunities to invest in. We are about 16% cash.
• Neglected space right now is private sector banks.
• We are also liking select large cap IT stocks & PSUs.
• Many are over-diversifying by owning too many mutual funds. Lots of overlap and not very optimal.
• If I have to make a blanket statement I would say to everyone - 2 diversified active funds & 1 large cap index fund is enough for equity portfolio.
• Stick to your proper asset allocation.
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