DSP MF CEO rebalances portfolio amid market cycles. Kalpen Parekh trims gold after historic rally, raising equity exposure through hybrid funds instead of chasing recent returns. His disciplined approach prioritizes asset allocation and mean reversion over market noise. Gold allocation reduced from 22% to preferred 10-15% range, with proceeds shifted to hybrid strategies including value and equity savings funds. Equity exposure increased 7% in six months as hybrid funds automatically recalibrate during corrections. Global equity allocation raised to 25% from 17%, focusing on valuation and business quality over geography. Parekh emphasizes philosophy remains unchanged while prices fluctuate, respecting cyclical nature of asset classes rather than reacting to headlines or recent performance.
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