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| Transcript of Chat with Mr. Suhas Naik, Fund Manager, Equity - IL&FS Mutual Fund |
[04:22:35 PM] => Myiris : A very warm welcome to myiris chatmasala
[04:25:28 PM] => Myiris : Our guest, Mr. Suhas Naik, Fund Manager, Equity - IL&FS Mutual Fund, will be joining us shortly.
[04:31:46 PM] => DISCLAIMER
[04:33:10 PM] => Mr. Suhas Naik is the Fund Manager, Equity - IL&FS Mutual Fund. At the time of this conversation / chat, Mr. Naik may or may not have positions in the stocks mentioned below, although holdings may change at any time. The views expressed by Mr. Naik is based upon information that he considers reliable, but does not represent that it is accurate or complete, and it should not be relied upon as such. Mr. Naik, his company and its affiliates, officers, directors, partners, and employees may, from time to time, have long or short positions in, buy or sell and deal as principal in the securities, or derivatives thereof, of companies mentioned herein and may take positions inconsistent with the views expressed.
[04:35:15 PM] => None of the information contained herein constitutes, or is intended to constitute a recommendation of any particular security or trading strategy or a determination that any security or trading strategy is suitable for any specific person. To the extent any of the information contained herein may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person. You should consult with and rely upon your own advisors whether and how to use such information in making any investment decision.
[04:39:55 PM] => Lastly the views expressed by Mr. Naik have no bearing whatsoever with that of IRIS Ltd. IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website www.myiris.com.
[04:46:41 PM] => Welcome to the chat session Mr. Naik.
[04:54:04 PM] => G_Mehra : Dear sir, have been hearing a lot that mutual funds are the best form of investment at the present moment. Now with the tech stocks rallying hard and the equity market having made gains in the past week, do you think likewise?
[04:54:56 PM] => SN : Yes, I agree with you. Mutual funds provide you with a diversified portfolio, a hands-on portfolio management with fundamental as well as technical expertise. Also there are the tax benefits associated with investing in MFs.
[04:55:58 PM] => Jay_sawant : What do you feel to which extent Voltas will grow & what will be growth rate in what fields?
[04:56:39 PM] => SN : Sorry, I cannot comment on specific stocks.
[04:57:01 PM] => kiriti5: What is the upside for TV18, Alfa Laval?
[04:57:38 PM] => SN : Sorry, I cannot comment on specific stocks.
[04:58:17 PM] => madhusudan41 : The NAV of your ecom is the lowest than other tech funds launched around same time. Is this not BAD fund management. Furthermore you have more OLD ECOMOMY stocks in this fund so many investor fear that in the days to come the performance will go from bad to WORSE. What specific steps you are taking?
[04:59:05 PM] => SN : On a relative basis, the performance of e-com fund has been at par with the rest of the tech funds. The investment in old economy stocks has been purely on a temporary basis considering the uncertain times. However we have again increased the tech weightage in that fund.
[05:00:26 PM] => kamleshv : What is the step to choose good schemes?
[05:01:18 PM] => SN : Look at the quality of portfolio, consistency of returns and most important your investment goals. i.e, the risk-return profile of each investor.
[05:05:45 PM] => csshshsh : How much Zee Telefilm will rise?
[05:06:32 PM] => SN : Sorry, I cannot comment on specific stocks.
[05:07:09 PM] => deepak_bor : Whether the current rally is the result of speculative positions being built up in K-10 stocks?
[05:08:11 PM] => SN : I don�t think it is purely speculative in nature. It�s a combination of technical pull back of a heavily oversold market, attractive valuations, no major selling pressure and improving liquidity due to measures like futures market.
[05:09:38 PM] => deepak_bor : Should I unload the tech shares like Pentamedia, Silverline, Oriental, Adam Consoft shares even at a substantial loss? Kindly advise.
[05:10:11 PM] => SN : Sorry, I cannot comment on specific stocks.
[05:10:53 PM] => deepak_bor : Can I sell Prudential ICICI Tech shares at current NAV of about Rs 2.70?
[05:11:53 PM] => SN : Its your call. All I can say is that technology sector looks attractive from investment point of view.
[05:13:03 PM] => diwakark : Which tech fund you think will do the best and second best in the next two months?
[05:15:02 PM] => SN : Your guess is as good as mine!!
[05:16:42 PM] => gopi_25 : Which of the tech stocks are really on high and which is emerging stock, I mean which is not so big but is aimed to hit the target in coming days?
[05:17:49 PM] => SN : I do not think you need to search for a new stock. Even the existing lot of tech stocks is available at very attractive valuations.
[05:18:30 PM] => gt05 : Is IL& FS an financial or stock broking firm, or is it an stock advisory cell. What exactly does IL&FS stand for and what does it impart to investors?
[05:20:26 PM] => SN : IL&FS is a financial institution promoted by institutions like HDFC, UTI and it also has foreign investors like IFC Washington. It has focus in infrastructure activities and its financial services wing is engaged in various corporate finance activities. Its broking arm is Invsetmart, which is engaged in retail distribution, while we at AMC are engaged in mutual fund business.
[05:22:22 PM] => Anita : What are your preferred investment sectors in the current market conditions?
[05:23:16 PM] => SN : Cement, Technology, Indian Pharma and FMCG.
[05:23:56 PM] => Irani : Is it a good time to invest in technology stocks?
[05:25:06 PM] => SN : Yes, if you have a 6-12 months investment horizon.
[05:25:33 PM] => Maju : Do you foresee a reversal in the interest rate trend?
[05:26:38 PM] => SN : I feel that given the global scenario and the local economic slowdown, coupled with high liquidity, should result in a soft interest rate scenario. Only if the economic activity starts improving one can expect an interest rate trend reversal.
[05:27:37 PM] => RamKJ : Sir, do you think the present rally in the market might be the start of a bull-run?
[05:28:30 PM] => SN : Yes, there are some signs that it may turn out to be the start of a new bull phase.
[05:29:13 PM] => Priya : Sebi is planning to link the capital base of AMCs to the quantum of funds managed by them. What is your view on this? Will it help increase investor confidence and help meet contingencies?
[05:30:07 PM] => SN : Yes, certainly, a strong capital base in addition to a strong brand name certainly increases the confidence of the investor.
[05:30:30 PM] => Meena : Sir, What scrips do you advice for short-medium term?
[05:31:09 PM] => SN : I have already talked about sectors. Now you can choose the best in the lot.
[05:32:25 PM] => ravi07gopal : What do you think will be the level to which Satyam can go in a week or two from now?
[05:32:58 PM] => SN : I don�t want to speculate.
[05:34:21 PM] => Sv31 : Dear Sir, managing a tech fund, what are the factors you look in to before investing in tech stocks? Considering that some of them are relatively new, and doesn't have much of a history to show, what are the factors taken into consideration?
[05:37:31 PM] => SN : In tech companies and for that matter in any company, we look for strong management as the most important factor. You must have already seen during the latest downturn as to how men were separated from boys as far as managing the business is concerned.
[05:38:58 PM] => Yedano1 : Sir, what about ceramic tile industry? As per CII ASCON survey on CNBC report is fastest growing industry in India nowadays. And in US also ceramic tile companies are buying out other ceramic tile companies at absurd prices as reported in Economic Times. How do you view this sector and which are the good companies in the ceramic tile sector?
[05:41:03 PM] => SN : It�s a relatively small sector. One or two major players are there and as the outlook for the construction industry is positive, naturally this industry is also expected to do better. As there are too many small players in the sector, the consolidation process is on.
[05:42:08 PM] => Myiris : That�s the end of the chat session for today.
[05:43:08 PM] => Myiris : Thank you all for your participation.
[05:43:41 PM] => Myiris : We thank Mr. Suhas Naik for answering the queries and for his valuable inputs.
[05:44:27 PM] => Myiris : We look forward to seeing you again very shortly at myiris chatmasala.
[05:46:05 PM] => Myiris : Till then bye from us....
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