Archive · 14 Sep 2026
HSBC Mutual Fund CEO Urges Discipline and Diversification Amid Volatility
Kailash Kulkarni says investors should choose funds based on their goals and how long they can invest.
He says large companies can still be an important part of an investment portfolio.
Flexi-cap and multi-cap funds give investors access to different sizes of companies.
A broad-market index fund may be easier for a beginner to understand than picking individual stocks.
He says investors can consider putting 10–15% of their portfolio in other countries.
SIP investors should not panic if returns are weak after only one or two years.
Staying invested for longer may help because investments bought at lower prices can gain value when markets recover.
Multi-asset funds spread money across investments such as shares, fixed income, gold and silver.
Kulkarni says diversification and asset allocation are more important than trying to predict the market.
Kailash Kulkarni says large-cap funds remain important while flexi-cap and multi-cap funds offer broader flexibility and diversification.
He recommends broad-market index funds as a potentially straightforward starting point for first-time equity investors.
Kulkarni says investors could consider allocating 10–15% of their portfolios to international exposure.
He advises SIP investors to remain invested over longer periods and stay disciplined during market volatility.
He says specialised and multi-asset funds aim to manage risk and improve portfolio resilience rather than simply maximize returns.
- Who
- Kailash Kulkarni, chief executive officer of HSBC Mutual Fund.
- What
- He discussed fund selection, SIPs, international exposure, specialised investment funds and portfolio allocation.
- When
- The interview date is not specified; the article refers to current market conditions and recent two-year SIP returns.
- Where
- The location of the interview is not specified.
- Why
- The discussion addressed how investors can manage volatility, diversify portfolios and align investments with their goals and time horizons.
- Interviewee
- Kailash Kulkarni, chief executive officer of HSBC Mutual Fund
- International exposure
- Kulkarni says 10–15% of a portfolio can be considered for international exposure.
- Multi-cap allocation
- Multi-cap funds have a minimum investment mandate of 25% each in large-, mid- and small-cap companies, according to the categorisation described in the interview.
- SIP guidance
- Investors are advised to assess SIPs over a longer period rather than only one or two years.
- RedHex fund AUM
- HSBC Mutual Fund’s RedHex Hybrid Long-Short Fund crossed Rs 1,000 crore in assets under management within two months of launch.
- Portfolio approach
- Kulkarni recommends focusing on diversification and asset allocation instead of trying to time the market.