Key Points
Dinshaw Irani, CEO, Helios Mutual Fund, says The April quarter itself, April to June end or July, is going to be fairly choppy and volatile..
Dinshaw Irani: We have taken a very proactive call on the market saying that we believe that the markets are going to be fairly volatile..
We have been talking to a lot of corporates and market participants and we have realised that there is a fair bit of weakness in demand in the quarter itself..
So, that is the kind of portfolio we are trying to develop out here and that was the main reason why we brought out a balanced advantage fund because we wanted to have a low beta offering which can be easily managed, the beta in that portfolio can be easily managed by way of balancing your equity exposure...
There is a fundamental issue out here and if you had heard the sound bites from that analysts call that they had, normally a management does not says things like, we are having a tough time closing deals, it is taking much more longer, the smaller deals are off the table totally, we are only talking about big transitionary deals and stuff like that which is mainly back-ended revenues..
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