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Economy and Finance

Economy and Finance

Where to invest ₹10 lakh today? Tata MF's Rahul Singh is betting on these 3 sectors

12 Jan 2023 Zinkpot 183

Money Control - The Tata Mutual Fund's Chief Investment Officer (Equities) says debt allocation will play a crucial role over the next 2 years. A combination of short-term funds, target maturity funds and dynamic bond funds is good for debt allocation, which should be around 30-40%. Read more

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  • Rahul Singh, Chief Investment Officer - Equities at Tata Mutual Fund had moved to Tata Asset Management Co Ltd in June 2018, after having spent nearly two decades outside the Indian MF industry and having set up an AIF named Ampersand Capital Investment Advisors LLP. Here, he heads equity funds.
  • He started his career at CRISIL Ltd, one of India's premier credit agencies, as an analyst. Later, he worked at Citibank's institutional research division, and then at Standard Chartered Securities, a part of Standard Chartered Bank, as an analyst.
  • On being asked about his recommendation of investing ₹10 lakh right now, he said," I would recommend a 60% allocation to equity and 40% to debt. This debt allocation will provide stability to the equity side. The five categories of equity that I will recommend, which will help generate alpha (outperformance over benchmark indices), are large-cap, mid-cap, balanced advantage, multi-cap and small-cap."
  • Suggesting the debt fund investors on what they should be investing in, he thinks that short term funds, target maturity funds, and dynamic bond funds are the way to plan the (interest rate) cycle. That's what they are doing, and would recommend the same to investors.
  • According to him, banking, capital goods and manufacturing are the sectors that will do well in 2023. That's because banking is benefiting from improving interest margins, and manufacturing from the investment cycle revival, which was not happening for the last many years.
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