In this insightful conversation, Satish Ramanathan, Chief Investment Officer (CIO) – Equity at JM Financial Mutual Fund, discusses his approach to navigating the complexities of India’s equity market. With over ₹11,100 crore in assets under management, Satish shares his perspectives on how global volatility, sector rotations, and mid- and small-cap stock exposure have influenced the performance of key funds like JM Flexi Cap, ELSS, and Value Fund. He also highlights the strategic shifts being made to position the funds for recovery, focusing on large-cap stability, growth opportunities in corporate India, and the key role of liquidity in market recovery.

Market outlook: Satish explores the sound fundamentals supporting India’s equity market, despite potential concerns around overvaluation and short-term market volatility.

Investment philosophy: Learn about his philosophy of focusing on structural growth stories, earnings quality, ROE, and cash flows while selecting stocks.

Performance insights: Hear Satish’s thoughts on the recent underperformance of key funds, the tactical shift toward large-cap stocks, and how they are positioning for future growth.

New Fund Launch: Get insights into the upcoming JM Large & Midcap Fund, designed to balance growth and stability by providing better sectoral representation and reduced bias towards financials and oil & gas.

Value Investing: Satish discusses his approach to value investing in mid- and small-cap stocks despite their current high valuations, and how he finds hidden gems with strong growth potential.

Tune in to understand how JM Financial’s disciplined approach to stock selection and strategic shifts aims to capitalize on the evolving market dynamics and deliver long-term value for investors.