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2018 is a year for stock pickers, says Motilal Oswal AMC

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Markets are better for stock pickers in 2018, said Aashish Somaiyaa, MD and CEO of Motilal Oswal AMC.

Markets are better for stock pickers in 2018, said Aashish Somaiyaa, MD and CEO of Motilal Oswal AMC.
"We are stock pickers and when the markets gains this huge momentum, high beta, deeply value contrarian kind of rally then it becomes very difficult for people like us who are basically owning 15-20 stocks bottom up high conviction," he said.
He sees last year as a challenging year.
“As far as performance is concerned, 2017 has been bit of a challenging. It has not been widely spoken about or well covered actually. 2017 was a unique year because Nifty was up by 28-29 percent. I think the midcap index was up by 48-49 percent and smallcap was up by something like 57 percent and then instead of Calendar year 2017 if you extended it by 15 days on both side the peak of January 2018 or the bottom of demonetisation in December 2016 then these numbers get hugely exaggerated.”