In this edition of Ventura Spotlight podcast, we sit down with Charanjit Singh, Fund Manager at DSP Mutual Fund, for an insightful conversation with Juzer Gabajiwala, Director at Ventura Securities.
With years of experience in equity markets and portfolio management, Charanjit brings a sharp perspective on how investors can navigate today’s evolving market landscape — from decoding sentiment and identifying quality businesses to managing volatility with discipline.
Together, Juzer and Charanjit discuss the art of building resilient portfolios, the importance of balancing growth and value, and what lies ahead for Indian equities in 2025 and beyond.
“Markets are dynamic, but India’s long-term story remains strong,” begins Charanjit Singh, Fund Manager at DSP Mutual Fund, in conversation with Juzer Gabajiwala, Director at Ventura Securities.
The duo dive deep into how investors are responding to a shifting market cycle — balancing optimism about India’s economic strength with caution over global cues.
Charanjit highlights that domestic demand and policy-led growth continue to provide resilience, even as short-term volatility tests investor patience.
Juzer adds, “In every market phase, investor sentiment swings between fear and greed. What truly matters is perspective — not getting carried away by either.”
As the conversation turns tactical, both experts discuss how portfolio allocation should evolve in the current market.
Charanjit explains, “Our focus at DSP is to maintain a balanced approach — combining growth opportunities with companies that provide value and stability. It’s not about chasing momentum but staying consistent with our philosophy.”
Juzer echoes the thought, emphasising discipline and diversification over short-term timing.
He notes that Ventura encourages investors to think in terms of “allocation first, returns next.” A well-diversified portfolio, he says, cushions against volatility and compounds steadily over time.
What makes a great stock pick in today’s market? Charanjit breaks it down simply:
“We look for clarity — companies with strong earnings visibility, prudent capital allocation, and competitive moats.”
He advises investors to avoid chasing short-lived trends or hype-driven rallies. “The market always rewards patience. Short-term spikes often fade, but fundamentally strong companies keep delivering.”
Juzer builds on this by sharing Ventura’s investor-first lens: “We tell our clients to look beyond price charts. Understand the story behind the stock — its management, sector outlook, and cash flow strength.”
Both speakers agree that consistency beats timing when it comes to wealth creation.
Charanjit stresses that SIPs and long-term discipline form the foundation of sustainable returns. “Even if markets turn volatile, continuing your SIPs ensures rupee-cost averaging and long-term compounding,” he says.
Juzer adds, “Volatility is not the enemy — it’s an opportunity. Investors who stay invested through cycles often emerge with superior returns.”
Their shared message is clear: don’t let short-term noise derail a long-term plan.
Looking forward, Charanjit remains positive on sectors aligned with India’s structural growth — manufacturing, infrastructure, and financials.
“Government spending and corporate capex are key triggers. But valuations need monitoring; we’re staying selective and quality-focused.”Juzer concludes the discussion on a pragmatic note:
“Investing isn’t about predicting the next big move — it’s about preparation. A balanced, research-backed approach always wins in the long run.”
🎧 Watch the Full Conversation: Ventura Spotlight with Charanjit HDFC Mutual Fund
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