The Outperformers 2013

“Markets are getting polarised towards large caps”

UTI Mutual Fund CIO Anoop Bhaskar believes a jittery market is relying too much on large caps

Photographs by Soumik Kar

While most fund managers would venerate the Sage of Omaha, Anoop Bhaskar is clearly not one of them. His reasoning: Warren Buffett’s job is not half as tough as his. While that view might be debatable, there is no denying the pressure one has to endure while managing public money in a volatile market. The head-equity of UTI Asset Management with assets over ₹74,000 crore, personally manages UTI Equity and UTI Opportunities Fund, which is the top performing scheme in the large- and mid-cap category space, according to Value Research. The fund has managed 13% CAGR over the past five years against 4% CAGR for the Sensex. Bhaskar tells V Keshavdev that in an increasingly volatile year ahead, investors will continue to pile into large cap names, thus pushing them into bubble territory. That achieved, interest and attention will then spill over to the next tier of big market cap stocks.