Jinesh Gopani, head (equity) and fund manager of India’s largest equity-linked savings scheme (ELSS), Axis Long Term Equity Fund of Axis Asset Management Co. Ltd, speaks about his outlook for the macro economy and the performance of the fund. On a call, a major consumer goods company said rural growth is 1x (the same as) urban growth; earlier they used to say it’s 2x (two times) urban growth. We will have to wait for the budget and what kind of stance they take to pump prime growth. Axis Long Term Equity Fund has had a challenging year. I am happy paying a higher price for growth and good quality management rather than taking bets on value traps.

Source: Mint June 02, 2019 14:03 UTC