Balasubramanian calls March dip chance, launches SIF
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- A. Balasubramanian said ABSL MF's cash fell to ₹2,400 crore in March, about 30% lower than the prior month, and he viewed the market slip as a deployment opportunity.
- Harish Krishnan reduced the fund’s large‑cap exposure to 55% and increased mid‑ and small‑cap allocations, citing the “cheaper” valuations after the simultaneous pull‑back across all caps.
- Apex Hybrid Long‑Short Fund was launched as ABSL’s first Specified Investment Fund, offering flexibility to use options for downside protection, but the firm warned it is complex and suited only for investors who have exhausted long‑only, thematic and hybrid options.
- Gift City retail licence enables ABSL to build dollar‑denominated portfolios for Indian investors under the Liberalized Remittance Scheme, after the $1 billion country‑wide limit for mutual‑fund inflows was exhausted.
- A. Balasubramanian urged investors facing red SIPs to add to their plans, increase exposure if possible, or enter now, arguing India is poised for a ten‑year bull market.
- A. Balasubramanian highlighted current bond yields (10‑year ~7.4%, 30‑year ~7.9%) and recommended corporate bond funds or multi‑asset allocation funds for tax‑efficient fixed‑income exposure.
Why it matters: Retail investors gain a lower‑cost entry point into equities and a new SIF that can hedge downside, while large‑cap heavy portfolios lose relative weight; this shift points to a broader market rebalancing toward mid‑ and small‑caps as valuations become attractive for long‑term growth.
