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  • Like pure consumer plays Zydus Wellness, Mahindra Holidays: PPFAS

    Mr. Raunak Onkar's interview by Moneycontrol,December 21, 2017

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    The multipcap fund is designed in such a way that they don't have to categorise it as smallcap, midcap or largecap fund, said Raunak Onkar, Head-Research, PPFAS MF.

    It was a tepid day for the market with the indices closing flat amidst volatility backed by global cues. The 30-share BSE Sensex was down 21.10 points at 33,756.28 and the 50-share NSE Nifty fell 3.90 points to 10,440.30.

    To talk about the big midcap rally that has been building up, CNBC-TV18 spoke to Raunak Onkar, Head-Research, PPFAS MF.

    Onkar said they have designed the fund in such a way that they don’t have to categorise it as smallcap, midcap or largecap fund, it is a multicap fund.

    The biggest idea in the fund is Alphabet that is Google and second largest is HDFC Bank or Bajaj Holdings, he said.

    According to him, it is difficult to find value buys in midcap space, so the house generally prefers to stay away from this space because of stressed valuations but marketcap wise there are companies like Balkrishna Industries, Persistent Systems, Mphasis which may categorise as midcap stocks.

    Some of the pure consumer plays that are in our portfolio are Zydus Wellness, which is into artificial sweetener category and Mahindra Holidays, which is bet on domestic travel.

    On the other hand Bajaj Holdings and Maharashtra Scooters are proxy to Bajaj Auto, Bajaj Finserv and Bajaj Finance, and so would prefer to play them, said Onkar.

    Fundamental and technical market experts like SP Tulsian of sptulsian.come, Prakash Gaba prakashgaba.com, Mitessh Thakkar of mitesshthakkar.com, Anand Tandon and Sudip Bandopadhyay of Inditrade Capital shared their views on the market and specific stocks.

    The original article could be seen here.

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