Chasing the hottest asset class often leads to crowded trades and subpar returns. With market volatility rising, ICICI Prudential’s Dharmesh Kakkad argues that structural mean reversion makes timing the market incredibly risky. Instead, he highlights a dynamic multi-asset strategy of balancing equity, debt, and commodities as the optimal blueprint to remove emotional bias and capture steady, risk-adjusted growth over the next 12–18 months.
ICICI Prudential's Multi-Asset Active FOF is open till 14 July. Edited excerpts from a chat with the fund manager on multi-asset investing:
