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Telecom, FMCG key participants in India's growth: Birla Sun

CIO of Birla Sunlife Mutual Fund, A Balasubramanium says that the long-term outlook continues to remain positive on the companies that are driven by the local consumption as well as local investment. He feels that telecom and FMCG are two sectors that are participating in the India growth story.

exclusive interview with A Balasubramanium:

Q: For Birla Sunlife MF, how much is the cash that you are sitting on and have you been shopping over the last couple of days?

A: I think one philosophy we have is to have about 7-8% kind of cash, which has been in most of our equity schemes.

There are funds where the mandate invest gradually into companies, investing from medium to long-term point of view. We are still sitting on 20% kind of cash. Our job is not to time the market, I think our job is to find values in stocks and keep investing in them.

Q: Give us an idea on the sectors that you would be looking at? What is the size of companies that would find favour with you?

A: As far as the size goes we as a fund house generally look at companies more seriously from medium to long-term investing point of view with minimum market cap of Rs 500 crore plus and then keep looking at companies within that. The long-term outlook continues to remain positive on the companies that are driven by the local consumption as well as local investment especially in infrastructure segment.

Telecom is a one sector, which has been participating in Indian growth story. Another sector where we have been reasonably confident is the the FMCG sector. These are some things where we as a fund house feel that the long-term outlook continues to remain positive and mainly driven by the strong economic growth numbers while the IIP numbers could have dampened the sentiment in the short-term.

But the long-term outlook does not really change just on one number. The recent corrections could be of temporary nature but otherwise long-term outlook is the one what we keep looking at actually for investing in equity.

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love_gundu22 Service, Financial Services Industry ULHASNAGAR Institute: CHM COLLEGE Status: Offline Posts: 1,131 Join Date: May 2006	Telecom, FMCG key participants in India's growth: Birla Sun - December 15th, 2006 Telecom, FMCG key participants in India's growth: Birla Sun CIO of Birla Sunlife Mutual Fund, A Balasubramanium says that the long-term outlook continues to remain positive on the companies that are driven by the local consumption as well as local investment. He feels that telecom and FMCG are two sectors that are participating in the India growth story. exclusive interview with A Balasubramanium: Q: For Birla Sunlife MF, how much is the cash that you are sitting on and have you been shopping over the last couple of days? A: I think one philosophy we have is to have about 7-8% kind of cash, which has been in most of our equity schemes. There are funds where the mandate invest gradually into companies, investing from medium to long-term point of view. We are still sitting on 20% kind of cash. Our job is not to time the market, I think our job is to find values in stocks and keep investing in them. Q: Give us an idea on the sectors that you would be looking at? What is the size of companies that would find favour with you? A: As far as the size goes we as a fund house generally look at companies more seriously from medium to long-term investing point of view with minimum market cap of Rs 500 crore plus and then keep looking at companies within that. The long-term outlook continues to remain positive on the companies that are driven by the local consumption as well as local investment especially in infrastructure segment. Telecom is a one sector, which has been participating in Indian growth story. Another sector where we have been reasonably confident is the the FMCG sector. These are some things where we as a fund house feel that the long-term outlook continues to remain positive and mainly driven by the strong economic growth numbers while the IIP numbers could have dampened the sentiment in the short-term. But the long-term outlook does not really change just on one number. The recent corrections could be of temporary nature but otherwise long-term outlook is the one what we keep looking at actually for investing in equity. Imagination is like a magic carpet.. It can take you Anywhere.............. Be Creative, Learn about- To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts. To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts. Ideas Create.... Values Protect!! To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts. Praveen(love_gundu) To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.