By Chandraprakash Padiyar, Senior Fund Manager, Tata Asset Management

“We have been building on a mix of re-rating candidates/companies across large- and mid-cap segments whose earnings growth are not reflected in the current valuation allowing them headroom to grow. We have been early investors in these re-rated companies since the last 12 months approx. We have added companies in healthcare , power and financial services. Sectors in which we continue to remain overweight are financial services, chemicals, construction material, FMCG and telecom. We believe current earnings cycle remain at a relatively early stage and investors need to have a medium-to-long-term view given the current market conditions.”