Samco recently launched its Multi Cap Fund, which Mehta says is designed to address market volatility with an advanced hedging approach, aimed to deliver superior returns for investors.
“FIIs look at the world as a whole, evaluating relative risk and reward. At the moment, India might not present the best risk-to-reward ratio for them, so they’ve reduced their weight in India. But someday, they’ll come back — and when they do, they’ll return in full force,” Mehta says.
Samco Mutual Fund, which has an AUM of nearly Rs 2,600 crore, believes that the markets are currently in a correction phase and, hence, is sitting on cash to deploy as opportunities emerge. In a conversation with Moneycontrol, Samco MF CIO Umeshkumar Mehta says that there are a lot of signals that hint that the markets are realigning and as momentum plays an important role in their investment strategy, they are positioned accordingly.
Edited excerpts:
On strategy and investment
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