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Flexicap fund completes 1st year with 50% returnRohan Korde, ITI MF, Mumbai

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ITI Flexicap Fund has completed its 1st year with a commendable 50% return, placing it among the top 10 flexicap funds on a 1 yr performance basis. Sizeable allocation to mid and small caps (50% of portfolio)along with good sector calls were key performance drivers. Rohan’s other fund –ITI Midcap Fund also posted a strong 1 yr performance being placed among the top 5 of its league table.

Overweight in capital goods sector has been a key alpha contributor. Rohan believes it is sensible to ride his profits here as he sees strong business momentum continuing, which can support valuations.

PSU banks have been another alpha driver. Rohan believes some catch up trade may still be left in some of the PSU banks he owns. He believes large private sector banks are now beginning to look attractive and may consider adding them in his portfolio.

Underweight in IT has also helped performance and he sees this stance continuing in the near term. Pharma – which has been an underweight– can see some additions in the portfolio going forward.

Rohan is not an avid follower of momentum and does not seek to align his portfolio with fast paced sector rotation that the market is witnessing. He prefers to focus on fundamentals, considers momentum when deciding portfolio additions but then stays invested through the investment thesis.

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Comments Posted
C. Kasi ARN NO :iNV Chennai, 02 Mar 2024

Yr advice is valuable in this kind of market pls mail me yr valuable views really good &useful to investors community Thank u

JIGNYASU TRIVEDI ARN NO :263817 AHMEDABAD 380 052 , 29 Feb 2024


Kalpesh n shah ARN NO :131051 Ahmedabad, 29 Feb 2024

Nice work of i.t.i.co.

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