Financials, consumer and information technology (IT) will remain attractive sectors over the medium term and are the backbone of any portfolio, says market veteran Samir Arora, founder of Helios Capital.
In an interview with Mint, Arora, whose maiden equity fund opened for subscription last week, said he had zero to very low weightage in IT as of June 2022, but he has generally been fond of these three main themes throughout his life.
“We have generally liked 3 main themes throughout our life – financials, consumer and information technology. However, from June 2022 we have a zero to very low weight in IT. However, in the medium term, these will remain the three attractive sectors,” said Arora.
Read Samir Arora’s full interview here
Tactically, one can invest in defence, automobiles etc., but the above three sectors are generally the backbone of any portfolio, he added.
Helios Capital’s inaugural equity fund, Helios Flexi Cap Fund, opened for subscription last week. The NFO comes at a time when the stock market is experiencing increased volatility and there is more intense competition from other mutual funds.
However, Arora believes that a correction in the market could also lead to increased subscriptions as investors may want to buy the dip.
Read also: “Adopt a wait and watch strategy, slowly deploy funds on market dips, says Seemant Shukla of JM Financial Mutual Fund.
Among asset classes, the market veteran said he always owns some gold. With very high US interest rates, gold may not have done well recently, but he believes it generally acts as a true hedge and diversifier.
“Our entire team believes in equalities and ‘skin in the game’. I checked last night and our employees (including myself) have already invested more than ₹32 crore in the new fund offering,” he said.