00:00Okay, ma'am, because we are talking about broader market and recently Abacus has a special kind of fund launched,
00:08which is a large and mid-cap fund, which recently you have launched.
00:13How has it been designed? If we are talking about broader market terms, then we should now talk about large
00:19-cap, small-cap, mid-cap, which way we should strategize and specifically this fund.
00:26Which way is it helpful? Because if we are talking about large-cap and mid-cap, then there are more
00:33volatile mid-caps, large-cap stability, how do we make this strategy in our portfolio?
00:42So basically by mandate, which SEBI has all the mandate, minimum 35% each, we have to keep in large
00:49and mid-cap fund in large and mid-cap fund.
00:52We have brought this scheme, as we have seen, in the last two years, our market was mostly flat, and
00:58sometimes zero returns were given.
01:01September 24th, our earnings growth was not so good, and our money started out.
01:08In the Indian economy, there was a lack of clarity.
01:11There was a lack of clarity, and there were AI, semiconductor, and all these things that were running.
01:17So basically, foreign money is normally chased by earnings and growth.
01:22So our business was gone from here.
01:26And if we look at this time, our market was very flat.
01:30But in the last few quarters of the company's results, we have shown a good demonstration on earnings.
01:38But if we look at the market, then our price appreciation is not enough.
01:43It's not enough in the market.
01:45Generally, our earnings are very good.
01:47And if we look at the macro factors, if we look at the market,
01:50then we reflect on the prices.
01:53When we look at the prices, we think that this is the right time,
01:57because our fundamentals are strong.
01:59Our earnings growth is very strong.
02:01We are also very strong.
02:02It seems like we are necessarily very selective.
02:04But we see that the money of the FPI can bring back to India.
02:08And as soon as it comes, it changes that the benefit of the large capped are.
02:12That is what our focus is on.
02:15But as a fund house,
02:17we call our growth oriented fund house.
02:21But when I tell myself that we're growth oriented,
02:24then our value is on our expectations.
02:27The company has better than its stock,
02:31So, if you buy a good company, you have to focus on valuations.
02:38Mid-cap is volatile compared to large caps.
02:43But its growth potential is high in large caps.
02:47So, automatically potential risk generation opportunities
02:50will remain in mid-cap.
02:52These two factors are considered
02:53that we have brought large and mid-cap investors.
02:58Basically, there are many investors who need growth.
03:02But in the market, there are news that they are afraid of.
03:05So, they need stability in their portfolio.
03:09Maybe the first-time investors or senior citizens.
03:13This fund can be a good option.
03:18Basically, we will invest 35%, 35%, large and mid-cap by mandate.
03:24So, we have to invest in growth opportunities.
03:29Now, growth opportunities can be anywhere.
03:31Large cap may be growth opportunities.
03:34Small cap may be.
03:36So, our focus as our investment philosophy
03:39or our processes set.
03:42We have to focus on growth opportunities.
03:45We will focus on growth opportunities.
03:47According to that, we will invest in our portfolio.
03:52Okay.
03:53If we talk about the portfolio,
03:55what do investors need to change their equity investments?
04:02How will investors need to be able to change their equity investments?
04:11As our investors, we need to be investing in equity together.
04:15We need to be investing in equity.
04:15Because our economy is evolving.
04:18The economy is moving.
04:19We are increasing.
04:20New sectors and new things.
04:23New age companies are looking.
04:38So, according to that, we have our risk asset allocation to define how the allocation will be in debt, how
04:45the allocation will be in equity, and how the commodities will be in real estate.
04:49So, according to that, we have our risk asset allocation.
04:51So, when we decide our equity allocation, as a fund house, if I go to our financial services, we are
04:58very bullish, our positive view.
05:01Basically, if you can see our numbers, mixed numbers are for banks, we are showcasing performance.
05:10And we have our insurance companies, or we have our fintech companies, and these new players are entering into financial
05:20services.
05:21So, if you can see our financial services here, it is a good option.
05:26Along with our other sector, which is our favourite, is healthcare.
05:30Our positive view is there.
05:32Obviously, if you look at the export related opportunities, you can see the opportunities here.
05:45We have a strong research.
05:49So, if we consider healthcare, we can be one of the good options.
05:53In addition to that, we can see that the government spending has increased.
05:58So, the industry is also a good option.
06:00Now, we have to look at the valuations.
06:02As I said earlier, we have opportunities in every sector.
06:06But, it is very important to be selective.
06:09In every sector, there are opportunities in growth opportunities.
06:12So, we have to look at that.
06:15Instead of the category I want to do in theisms,
06:16There are opportunities in my research on this approach,
06:17and the specific role of those partners.
06:18As I said earlier,
06:20we can put
06:20on either sideまぁ with spequent Melbourne,
06:22help I can actually help me actually right company to help me and a good portfolio
06:28which will be long term for me.
