Finding Alpha: Insights from Moneycontrol Mutual Fund Summit 2025, Bengaluru
Presented by HDFC Mutual Fund and powered by Axis Mutual Fund the Bengaluru edition of the Moneycontrol Mutual Fund Summit 2025, sparked a crucial discussion with Deepak Shenoy, founder and CEO of Capitalmind; Anish Tawakley, Deputy CIO (Equity) at Axis Mutual Fund; and Harsha Upadhyaya, President and CIO (Equity) at Kotak Mahindra Asset Management Company. The came together to decode how active fund managers can find alpha in a tough market.
The discussion began with a shared perspective that the present situation requires both confidence and caution. Sharing insights on the importance of strong risk management, Deepak Shenoy encouraged investors to prioritize large-cap companies with consistent earnings and reliable business models. Taking a more positive stance, Anish Tawakley, pointed out the early signs of improvement in sectors like consumer durables and defence. He urged investors to look past short-term market fluctuations to spot long-term prospects. Building on this, Harsha Upadhyaya stressed the need for disciplined valuation and the importance of maintaining a clear mind during volatile market conditions.
Further, the conversation shifted to sector allocation, where Deepak Shenoy favoured cyclical sectors such as industrial capital goods, cement, automobiles, and financials, which typically respond well to economic recovery. Anish Tawakley emphasized growth areas like technology, electric vehicles, and high-end manufacturing. Harsha Upadhyaya, On the other hand, believed that large-cap stocks offer the most balanced returns in times of uncertainty.
However, all three speakers agreed that to find alpha today, you need to have a thorough understanding of the basics, be able to clearly see market trends, and be patient. Together, they supported India’s changing environment, which created great chances for anyone with a long-term investment strategy to do better than the rest of the market, notably in areas like home production, cars, healthcare, and electronics.
The session concluded with a shared belief: real alpha is built on strong, data-supported conviction, a disciplined strategy, and the patience to stick with a plan. For more highlights and the full discussion, visit https://www.moneycontrol.com/msite/mutual-fund-summit-2025.