New Delhi, April 20 -- Kalpen Parekh, managing director and chief executive officer of DSP Mutual Fund, says he has been investing in mutual funds since 1999, when he began his career. "I have seen the most-favoured sector at that time - information technology (IT) - crashing along with the markets after the Dotcom bubble burst," he says. "It has somewhere made me an investor who focuses more on reducing risks, rather than chase returns," Parekh adds.


Over the past 12 months, Parekh has been allocating to hybrid funds (which invest in a combination of low-correlated assets) such as equity savings funds and multi-asset funds, as market valuations have been expensive. His portfolio's allocation to hybrid funds has risen from 26% las...