IDFC Focused Equity fund is one of the top performers in the multicap category in 2017. Sumit Agrawal, fund manager of this scheme, believes that, multi-cap funds are well placed in the current market scenario. Edited interview.
IDFC Focused Equity Fund has been among the top performers of the multicap category in 2017. What was your strategy?
The investment philosophy of the fund has revolved around constructing a portfolio that is concentrated and yet have adequate diversification across sectors. Identifying the right stocks and having an allocation which is sufficient enough to drive the portfolio level returns has helped the fund to a great extent. While high quality and high growth stocks have been the core of the portfolio, allocation to other tactical stocks ideas has also contributed to the alpha generation. Our ability to get out of stocks at the right time as also helped.