It was a great Opportunity to Meet and Interact with TATA AMC Fund Manager Mr. Abhinava Sharma who Manage TATA Large cap fund, Ethical fund, Infrastructure funds….Few Key Take away … Date :20May25 @ Mercure, Hyderabad.
What to expect (Tata mutual funds)
- Nifty EPS growth will be closer to 10-12% over FY25-27E against 14% forecasted. Indian corporates are operating at historically high operating margins.
- Nifty 50 valuation at 22x one year forward PE is on the expensive side and compares unfavorably to other emerging markets.
- Mid and Small caps continue to trade at high premium to Large caps. Earnings growth differential is narrowing now. Trends in domestic inflows crucial as trailing returns weaken.
- Expect global uncertainties and volatility to continue. Thus have made the fund more domestic oriented over the last 4 months. Looking for sectors/stocks where margins are at normalized levels and valuations are reasonable.
- Preferred Sectors – Private banks, NBFC, Cement, Auto, Power utilities
- Dark horses-Metals, Consumption.
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