MAHESH PATIL
Four PSU mutual funds offered over 100% returns in one year. Will the magic repeat after election?
Of the four PSU theme-based mutual funds that offered over 100% returns in the last one year, CPSE ETF was the topper with an average gain of 121.18%. PSU theme-based funds have offered an average return of 28.04% in last five years.
Fund Manager Talk: Why Mahesh Patil isn’t the one to time election outcome
The March quarter has seen a slowdown in the topline growth across sectors as the nominal growth has moderated on the high base of last year and cooling off of inflation.
Mahesh Patil on the biggest sectoral overweights and underweights in current market scenario
Where the results are good, we are seeing those companies getting very well rewarded, especially in the industrial, capital goods sector, the real estate sector. But in sectors where there have been some disappointments like in the consumer space the stocks have also equally reacted on the other side.
Know Your Fund Manager: Mahesh Patil, CIO, Aditya Birla Sun Life AMC
The market dynamics and the challenges of the unknown makes this job exciting but also a humbling experience as I believe the market is a great leveller.
Nationalist Congress Party (SCP) Central Parliamentary Executive Committee meeting to be held today in Mumbai
The meeting will be held in the presence of Sharad Pawar. Members of the Central Parliamentary Board of the party will be present in this meeting as well as the party's Maharashtra president MLA Jayant Patil, MP Supriya Sule, PC Chacko, Anil Deshmukh, and Jitendra Awhad.
If GDP and corporate earnings grow, we will see reasonable returns from here: Mahesh Patil
Mahesh Patil, CIO of ABSL AMC, discusses the growth potential of Bharat, the strong performance of Corporate India, the impact of the US economy, India's macroeconomic stability, and the future outlook for market returns. While markets might consolidate a bit in the near term because of the huge outperformance, you will still make the long-term returns the markets have given.
- Go To Page 1
ETMarkets Fund Manager Talk: This Rs 3 lakh crore asset manager sees market returns tracking earnings growth in 2024
Mahesh Patil says: "As the market starts to factor in rate cuts, and dollar weakens, one should expect FII allocations to India also improve as India offers the best growth amongst all major economies. With Nifty valuation only marginally above the long-term average, we expect market returns to be tracking overall earnings growth."
We are tilting towards largecaps in our portfolios but not too worried about mid and smallcaps: Mahesh Patil
“Given the current sentiment, as we move into the next calendar year, we could see fresh allocations from FIIs and they could take a slightly positive view over there. The allocations could increase in the first half of next calendar year and with the strong domestic flows which are coming, we could probably see the markets getting into elections slightly on a positive note.”
Long-term money will continue to buy the dips in India: Mahesh Patil
“India offers the best kind of market where one could see that runway of growth lasting for many years. That is what will draw global investment. This month till date, the FII outflows have been negative. That trend can continue for some time but long-term money would look to buy into the dips.”
Aditya Birla Sun Life Frontline Equity Fund completes 21 years; offers 19% since inception
The flagship scheme is managed by Mahesh Patil, and Dhaval Joshi (overseas investments). The portfolio of the fund is diversified across 77 stocks, with top 10 stocks accounting for 48.89%.
Earnings growth should be around 16% in FY24: Mahesh Patil
I think markets are fairly priced over here. So it is not like it is very attractive but at the same time the risk reward is still fairly reasonable for a long-term investor to come in at these levels. We think that the risk reward across asset classes between say equity and debt is fairly well balanced at this point in time.
4 sectors Mahesh Patil is bullish on for near term
Despite concerns over growth slowing down and earnings downgrades, the Indian market is creating a good support for a medium to long-term move, says Mahesh Patil, CIO of ABSL AMC. He notes that valuations are now more reasonable and there are signs of decent earnings growth even if it is lower than previous expectations.
Valuations to remain high within the FMCG sector: Mahesh Patil
Within that the government spending on infrastructure in this budget we have seen a significant increase on that especially into a rail in the railway sector where we would see significant investment in terms of the rolling stock.
We expect hybrid funds to probably attract more flows this year: Mahesh Patil
It has impacted the sentiment because that could further impact growth and that is what the market is slightly worried about. But having said that I think overall at least from Indian market perspective we are not seeing any major impact on earnings growth.
After initial correction, market to scale new highs next year: Mahesh Patil
“As we move into next year, we still expect double digit earnings growth. There will be periods of volatility and some corrections next year. In the initial period, there would be some amount of correction but as the picture gets clearer, the market clearly looks to scale higher going forward.”
Disciplined active bets helped ABSL Frontline Equity Fund do well in bull & bear markets: Mahesh Patil
The fund essentially follows the GARP (growth at a reasonable price) philosophy to identify companies whose long-term growth potential is greater than the industry and available at reasonable valuations adjusted for growth.
It is important to keep the discipline of investing, says Mahesh Patil of ABSL Mutual Fund
“Over a period, one has to learn to accept that there would be some rotten apples and one needs to continuously weed them out. Also, now with more power to institutional investors, one can take it heads-on with the promoters or management and in extreme situations force a change, if necessary,” says Mahesh Patil.
ETMarkets Smart Talk: Fund manager with over Rs 3,700 bn under AUM sees Nifty earnings growing at 13-15% CAGR over next 3 years
Nifty50 now trades at 1-year forward PE of 19x, above the long-term average of 18x. For the short term, there could be intermittent corrections considering the global scenario. Therefore, our range-bound view for the Nifty remains. However, on a medium-to-long-term basis, we continue to remain constructive on Indian equities," says Mahesh Patil, CIO, Aditya Birla Sun Life AMC
Mahesh Patil on 2 themes to invest in for the next 2 years
“I still see double digit earnings growth for companies over the next couple of years. If that is the case, then I do not see any reason why the markets should not give double digit returns in the next calendar year, assuming that this year is a bad year or probably we are a tad negative from what we started. ”
We are not out of the woods yet but India looks a little better: Mahesh Patil
“The markets have been in the fair zone. There is some risk in the markets because of an earnings downgrade and to that extent, there could be some downside in the markets going forward. At least for the next one quarter or so, I think it would be quite volatile.”
Allocate more to large- & multi-caps; like banks, auto: Mahesh Patil
Valuations of the Nifty 50, which traded at a premium for a couple of years, are now reasonable and closer to long-term averages. Some individual stocks have corrected by as much as 30-40% even though the balance sheets have become much stronger.
Allocate 50-60% in largecap, multicap or a flexicap fund, 15-20% in mid, smallcaps: Mahesh Patil
“The larger cap space, which has seen immediate corrections after the entire selling, will provide more stability to the portfolio. So go for a 50-60% allocation to a largecap, multicap or a flexicap fund. Midcaps and smallcaps could see further volatility. Go into mid and smallcaps with a three-year view. I would recommend 15-20% allocation in the mid and smallcap space.”
There will be volatility; 2022 could be a period of consolidation: Mahesh Patil
“Look at the long term picture. As long as the picture is good, do not get too worried by the short term. If there is a correction at all, it is an opportunity to invest is what we would look at. The current resilience gives us confidence that if we can manage in this turbulent time, then once things ebbs, we will emerge much stronger.”
We are still in a bull market; don’t cash out completely: Mahesh Patil
“ This is going to be a year for consolidation and return expectations will be muted obviously because of the market volatility. This year the market could test one’s patience and one has to be really patient, stay invested, keep the longer term picture in view and at the same time not get carried away by the short term variations in the market. ”
Don’t go aggro on commodities, metals; domestic cyclicals, pharma & IT still best bets: Mahesh Patil
“Mainly domestic cyclicals, to some extent pharma and IT are the sectors which one will be looking at. Metals and commodities look good but it depends on how long the situation lasts. Overall commodity prices still should remain fairly firm and so we are still positive on the commodities and the metal sector but one would not really buy aggressively at these levels.”
2022 to be a transition year with earning growth gaining momentum: Mahesh Patil
"I am very positive in terms of the way the recovery will pan out, not this calendar year alone, but also over the next three to five years. I think India is at a cusp where the whole recovery will be driven by multiple factors – investments starting to pick up and discretionary consumption improving."
2022 a period of transition; 4 themes to bet on in next 2-3 yrs: Mahesh Patil
“The broader themes which we like over the next two to three years are – banking and financials, industrials related to real estate and digital space. Oil and gas can be avoided.”
Buy on dips, maintain balance in portfolio: Mahesh Patil
“This is a market to invest into declines and I do not know what the level of correction could be but any declines here around 10% should be a very good correction to really buy into this market. We are in a kind of expansionary cycle. This phase could last for a longer period of time..”
Valuation of specialty chemical stocks discomforting: Mahesh Patil
"The broader market is quoting at valuations which are much above the long-term average. That has been the nature of the market, not only over here but also globally."
Load More
