IDFC Sterling fund is a small & mid cap strategy with at least 70% invested in these stocks. The fund went through a challenging time after the exit of Kenneth Andrade, but with Anoop Bhaskar taking over the reins in May 2016, reinforces our faith in the fund. Anoop is amongst the most astute investors, especially in the small & mid cap space. While investing, he looks for companies which have decent amount of promoter holdings, good cash generation, low leverage, and profitability over a cycle. He avoids businesses that show profitability in spurts. Given the fund's small/midcap bias, it gives Bhaskar an opportunity to play to his strength. Subsequently he tries to ferret out companies that are cheaper than their peers and historical valuations. Currently, he has aligned the portfolio to benefit from the recovery in India's economic cycle. Under Anoop, the fund has performed well and expect the fund to continue to deliver performance over the long term.
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