Check for liquidity while selecting MF, PMS and AIF products: Harshad Patwardhan of Girik Capital
Harshad Patwardhan, CIO, Girik Capital. image credit: Girik Capital
Synopsis
“Liquidity is like a vital body parameter that most people tend to ignore until something goes wrong,” says Harshad Patwardhan, chief investment officer of Girik Capital. In an emailed interview with ET Prime, he discusses the challenges and importance of maintaining a liquid portfolio, especially in small and mid-cap funds.
It is often said that the job of a fund manager is more about managing risks than delivering returns. The best fund managers are those who take moderate risks and at the same time deliver high returns. But this takes time, and the risk comes in different forms — through fundamentals of a stock or can be macro in nature where interest rates or inflation play a prominent role. Then, there is the liquidity risk. This risk is true for companies
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