The most rewarding mutual fund investments have been made by people who have invested for the longer term and then forgotten about them, said Nilesh Shah, managing director at Kotak Mahindra Asset Management Company on BloombergQuint’s Diwali edition of The Mutual Fund Show. By his own admission, the adage Shah goes by is an old Hero Honda advertisement - fill it, shut it, forget it.
The focus, according to Manish Gunwani, chief investment officer at Reliance Mutual Fund, is not to seek the “hidden gems” but timing when to be be aggressive or defensive. “You have to act a bit contra if at all. But even if you don’t act contra, at least be disciplined about it and keep going at it for 10-15 years,” he added.
Here are edited excerpts from the interview.
