Tibrewal, who led one of the leading small and midcap funds for over a decade, believes that banking, manufacturing, specialty chemicals, and pharma are likely to be the hunting grounds for the best small and midcap picks in the coming year
With the Nifty, Bank Nifty, and Sensex hitting new highs daily and making investors cautious, fund manager Pankaj Tibrewal sought to allay fears about excessive valuations, and doubts about continued fund inflows.
“Historically, we have seen that fund flows and momentum can continue for a long time, and the expensive can get more expensive,” Tibrewal said, referring to the possibility that markets may keep rising despite being overvalued.
Tibrewal says that one should follow disciplined asset allocation and never try to time the markets. “One can never sell at the top and buy at the bottom,” he emphasises.
With over 20 years of experience, in his last role at Kotak AMC where he was for 14 years, Tibrewal led one of the leading small and midcap funds for over a decade. As the new year approaches, in a conversation with Moneycontrol, Tibrewal answers seven questions on investing in 2024.