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Daily Voice: This fund manager is betting big on largecaps In the run-up to polls

Money Control · 8m

Anirudh Garg, partner and fund manager at Invasset, advises caution on mid and smallcap segments despite some recent stability. He believes largecaps offer more resilience leading up to the elections. Garg expects the savings and investment industry in India to grow significantly, particularly in mutual funds, SIPs, PMS, and AIFs. He suggests that largecaps comprise 100% of Invasset's portfolio due to the potential for higher volatility and risk in mid and smallcaps. Garg anticipates strong earnings growth in FY24, but slower growth in FY25. He doesn't expect the Federal Reserve to go beyond three rate cuts this year. Despite market volatility, SME IPOs continue to flow, but caution is needed due to concerns about false expectations of quick gains. Invasset made a strategic shift towards largecaps after the recent correction to mitigate risk.