Given Rs 1 crore, this is what these top fund managers will buy

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Published: October 16, 2017 4:02:10 PM

Diwali is just three days away, and these top fund managers share their top bets with the current as well as potential “Crorepati” investors.

Mutual Fund Investment, balanced mutual fund, balanced fund, best balanced funds, top balanced funds, HDFC Balanced Fund, tata balanced fund, equity funds, ICICI Prudential Balanced Fund, investment, SIP, low expense ratiosTop fund managers share their top sectoral bets given Rs 1 crore. (Image: FE Graphic)

Diwali is just three days away, and these top fund managers share their top bets with the current as well as potential “Crorepati” investors. In an interview to CNBC TV18, S Naren of ICICI Prudential Mutual Fund said in response to what he would buy, if he were given a cheque of Rs 1 crore, “ Clearly our bet has been on infrastructure, corporate banks have done well for many many years. So we think that that’s another great opportunity to invest at this point in time.” Navneet Munot, Executive Director at SBI Mutual Fund said, “SBI Multicap fund. There are opportunities across market-cap, across sectors and across styles, and I’m sure that fund will do well for investors. I assume it’s for long-term, and I’m sure equities in India will deliver better returns than most of the other asset classes.”

Nilesh Shah of Kotak Mutual Fund shared his asset allocation strategy, given Rs 1 crore. “I’ll put 70% in financial assets, and 30% in physical assets. 70% of the money will be put in Kotak Select Focus scheme. 30% of the money will be put in a commercial real-estate. Somewhere where the city is expanding, in a tier-II city. It could be in Ahmedabad. I’ll put the property on rent. The rental income will be equivalent to post-tax return on Debt instruments. When the city expands to that area, the capital appreciation will be the benefit.”

What are the prospects of the markets going forward? S Naren, executive director at ICICI Prudential AMC said, “We believe that markets will grow at high single digit growth in the next three years, so by 2020 Nifty should be at around 12,500 levels.” Navneet Munot of SBI Mutual Fund too concurred that by march 2020, Nifty would top 12,500. “12,500 would mean 12% per annum, I’ll go with that.” Nilesh Shah Of Kotak Mutual Fund said, “About 11 years back Sensex was trading at same level as today’s Nifty. Will it be unfair to assume that Nifty will reach to today’s Sensex in the next 11 years?” Sensex closed at 32,633.64 this afternoon, up by more than 200 points.

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