Going Great

This year, both fund managers were given the task of jointly managing Magnum Taxgain. Jayesh Shroff is an old hand at managing funds. Before joining SBI AMC, he was managing several equity schemes at Bank of Baroda AMC. Shroff has over six years of experience in equity research and investment banking. He also worked as a research analyst at Tandem Financials and was also member of their investment banking team. Shroff worked extensively on mergers and acquisitions and brand valuation of companies. Shroff is a commerce graduate with PGD (MBFS).

Asthana also manages two equity diversified schemes at SBI AMC -Magnum MultiCap-G and SBI Infrastructure Fund Series 1-G. Asthana has more than seven years of experience in the financial services industry. He also had a stinit with Quantum AMC as an equity analyst. Asthana has done his MA in Economics from Mumbai University and holds a diploma in investment management from NMIMS.

Do you see a market crash in the near future?
The Indian economy is in great shape and the stock market, as you know, is a reflection of the same. Our opinion is that we are currently in a structural bull market. Within this structural bull run, corrections may come and go, but the story and growth will remain. So we may see a correction in the market but definitely not a big crash.

What is the strategic and tactical orientation of your fund?
Magnum Taxgain is an ELSS Fund where investors come in for at least three years. To that extent, we usually take long-term stock/sector calls in this fund. Of course, intermittent churning and trading opportunities are explored on an ongoing basis.

Which are your top sector preferences?
In this fund:
Capital goods
Cement

(by value research)