Value Research

Why perfect timing ruins real returns

In this exclusive interview, Ashish Naik, Fund Manager at Axis Mutual Fund, shares valuable insights on managing assets worth over Rs 40,000 crore across multiple schemes. Naik discusses the challenges posed by stretched valuations, global macroeconomic shifts, and evolving market dynamics. He delves into Axis Mutual Fund’s strategic recalibration in response to these challenges, emphasising their focus on growth and quality investment strategies, sector diversification, and stock selection. Topics covered include: Managing equity allocations amidst high valuations Key external risks, such as tariff wars and central bank policies The evolution of Axis Mutual Fund's strategy and portfolio adjustments The turnaround of Axis ELSS Tax Saver Fund Insights on new-age sectors with high growth potential Reflections on Axis Mutual Fund's performance and investor perception Naik’s experience offers listeners a deep dive into how one of India’s top asset managers is navigating market uncertainty while staying committed to long-term investor growth. Tune in to learn from one of the most respected voices in Indian mutual funds today!

Watch and learn how to build a portfolio that thrives in both bull and bear markets!

In this insightful interview, Meeta Shetty, Fund Manager at Tata Asset Management, shares her in-depth perspectives on the current state of Indian equity markets and how she navigates the complexities of investing in mid- and small-cap stocks. With a focus on bottom-up investing, Shetty elaborates on her unique strategy of identifying companies at key inflection points with improving Return on Capital Employed (ROCE). She also sheds light on the adjustments being made to the Tata Focused and Tata Multicap funds, addressing past underperformance, portfolio recalibration, and the introduction of new alpha-generating opportunities. Additionally, Shetty provides a detailed look at her stock selection process, including her assessment of company growth visibility, risk profile, and valuation considerations. Tune in to hear as she outlines her approach to finding long-term growth opportunities in a volatile market. Learn about the balance she maintains between alpha-compounders and how she's positioning her portfolios for future success.

How to spot potential 100-baggers and avoid costly mistakes

The real investor does not need to worry about the latest scandals

Are FDs keeping your money safe—or silently shrinking your retirement returns?

When playing by the rules becomes a competitive disadvantage in investing

In this insightful podcast, Rajat Chandak, Senior Fund Manager at ICICI Prudential Mutual Fund, shares the strategies behind the successful turnaround of the ICICI Prudential Balanced Advantage Fund (BAF). After a tough 2023-24, the fund is back in the top quartile in 2025, driven by strategic recalibrations and a disciplined, data-driven approach. Rajat discusses how his bottom-up research, valuation discipline, and a focus on high-quality stocks helped ICICI Prudential’s equity schemes bounce back stronger. He also covers the importance of sticking to the core investment philosophy of risk-adjusted returns, the role of dynamic allocation in the BAF strategy, and how the Flexicap Fund continues to outperform its peers. Tune in to hear Rajat’s views on the current Indian market landscape, his insights into sectors like consumption, banks, and public sector power stocks, and why patience and research remain critical for success in both large-cap and small-cap investments.

Is it time to switch your mutual funds? Discover when, why, and how to make the move with Dhirendra Kumar in our latest Investors' Hangout!

Indian investors think global but invest local. It’s time to change that.

In this insightful podcast, Vinay Paharia, Chief Investment Officer (CIO) at PGIM India Mutual Fund, discusses the key drivers behind the recent rebound in Indian equity markets and the strong comeback of PGIM’s equity funds after a challenging 2023-24. With a focus on high-quality, high-growth businesses, Paharia outlines why these stocks are back in favor and how India’s growing economy, effective monetary policies, and macroeconomic stability are fueling the market’s growth in 2025. Vinay also explains PGIM India’s evidence-based investment philosophy, emphasizing stock picking over market timing, and the importance of adhering to a disciplined strategy. He shares the portfolio changes and stock selections that helped PGIM’s ELSS, Large and Mid Cap, and Small Cap funds outperform in 2024, and delves into the factors contributing to the success of PGIM India’s small-cap fund. Learn why high-growth, high-quality companies have outperformed and how PGIM India’s diversified, low-churn approach is set for long-term success.

In this exclusive interview, Ashutosh Bhargava, Head of Equity Research and Fund Manager at Nippon India Mutual Fund, shares his insights on the current state of the Indian equity market in 2025. He discusses the challenges of momentum investing, the outlook for equity markets, and why disciplined investing is essential in today’s volatile environment. Ashutosh highlights the primary drivers of market performance, such as improved fiscal policy, the RBI’s supportive stance, and the post-earnings downgrade recovery. He also delves into strategies for navigating market uncertainties, including the appeal of flexi-cap and multi-cap funds, which offer a balanced risk-reward ratio. Additionally, Ashutosh sheds light on the performance of Nippon India Multi Cap Fund, the role of sectoral allocation, and how momentum investing can be both a rewarding and risky strategy in volatile markets. For retail investors looking for practical advice, Ashutosh advises a disciplined approach through systematic investments and careful asset allocation. Tune in for expert guidance on how to manage your portfolio, especially in uncertain times, and understand the best strategies to capitalize on the opportunities that lie ahead in the Indian market.

Black money distorts housing markets, pricing out genuine homebuyers.

Learn which fund will give you the best long-term returns.

The undervalued art of studying investment failures

Learn practical, proven ways to build a strong equity portfolio that can navigate market ups and downs.

In this insightful episode, Rukun Tarachandani, Fund Manager at PPFAS Mutual Fund, shares his expert perspective on navigating today's volatile equity markets amid global uncertainties. He discusses the impact of geopolitical tensions, US tariffs, and fluctuating valuations on Indian markets, while emphasising the importance of bottom-up stock selection grounded in strong fundamentals. Learn why PPFAS maintains a hefty cash buffer, how they identify opportunities in private banking and energy transitions, and their disciplined approach to corporate governance, cash flow strength, and valuation discipline. Whether you're an equity investor or exploring dynamic asset allocation strategies, this conversation offers actionable insights to build resilient portfolios and confidently face market volatility.

Exploring the factors that influence the P/E multiple

Why trying to invest like the wealthy often backfires spectacularly

In this episode, we feature Chirag Setalvad, Head of Equities at HDFC Asset Management Company, one of India's most seasoned and respected fund managers. Chirag shares deep insights on his investing philosophy, lessons from his mentor Sanjoy Bhattacharyya, and how the HDFC AMC equity strategy has evolved over the years. Key highlights: Core principles from Sanjoy Bhattacharyya that shaped Chirag's investing journey Why simplicity, independent thinking, and long-term focus matter more than chasing trends How HDFC evaluates stocks across large, mid, and small caps Views on current market valuations, margin cycles, and sector opportunities Why size isn't the biggest challenge in managing large funds like HDFC Midcap Opportunities and Small Cap Fund Active vs passive investing: Chirag's take on mid-cap index funds vs alpha generation A look into HDFC AMC's conservative-yet-adaptive investment framework Whether you're a retail investor, mutual fund enthusiast, or market student, this conversation offers a rare perspective into the thought process behind one of India's leading asset managers.

Watch to learn if your asset allocation is set up to grow your wealth and protect you through market ups and downs!

In this episode, we dive into the investing philosophy of Chirag Dagli, Fund Manager at DSP Mutual Fund, who manages the DSP Multicap Fund and DSP Healthcare Fund with a combined AUM of ₹5,000 crore. From his early days as a Harshad Mehta-era stock market enthusiast to now managing star-rated funds, Chirag's evolution as an investor offers rich insight. Highlights: The four-bucket strategy: Growth, Value, Compounders, and Turnarounds Why Chirag avoids rigid labels like 'value investor' or 'growth investor' DSP Multicap Fund's heavy mid- and small-cap tilt and its rationale His bottom-up approach to stock picking, even in expensive markets Why capital efficiency is a non-negotiable metric Views on market volatility and global macro uncertainty DSP Healthcare Fund's global diversification through US-listed stocks Chirag also shares how portfolio construction shapes his decision-making and why DSP is willing to look beyond the Nifty 500 for alpha generation. This is a must-listen for investors seeking practical frameworks to navigate today's dynamic equity markets.

Indian equities have entered a volatile phase, with mid- and small-cap stocks bearing the brunt of the correction since late 2024. In this insightful episode, we sit down with Sanjay Chawla, Chief Investment Officer (Equity) at Baroda BNP Paribas Mutual Fund, who manages ₹12,000 crore across seven equity schemes. Sanjay discusses: Why the current correction is a cyclical reset, not a red flag The slowdown in mid and small caps, and when recovery may begin His BMV (Business, Management, Valuation) investing framework Adjustments made to Flexi Cap, Focused, and Balanced Advantage Funds Risks to the Indian equity market in 2025, including geopolitics and global trade Key learnings from over three decades in fund management He also shares his guidance for retail investors on navigating volatility and strategically allocating between large, mid, and small caps. Whether you're an investor concerned about market timing or looking to understand fund strategies better, this episode offers clear, experience-backed insights. Subscribe for more expert views on mutual funds, market cycles, and investment strategies.

Join us for an insightful conversation with Sonam Udasi, Senior Fund Manager at Tata Mutual Fund, as he shares his 25+ years of experience managing equities through volatile markets. Learn how he balances value investing with growth opportunities across market caps, focusing on business quality, scalability, and disciplined research. Sonam discusses the recent market corrections, recovery prospects for mid- and small-cap stocks, and strategies to navigate uncertainty. Whether you’re a seasoned investor or just getting started, this episode offers valuable perspectives on building a resilient portfolio for long-term wealth creation in today’s dynamic market environment.

Most comprehensive financial plans are elaborate exercises in fortune-telling

Is an international fund the missing piece in your portfolio—or just unnecessary risk? Watch now to find out!

In this episode, we sit down with Rajasa K, Vice President and Portfolio Manager – Emerging Markets Equity-India at Franklin Templeton. Drawing from her rich experience navigating market cycles since 2008, Rajasa shares her insights on current market volatility, the outlook for Indian equities, and the evolving role of hybrid funds in turbulent times. Discover her investment philosophy blending growth and value, and how Franklin Templeton’s dynamic asset allocation model adjusts equity exposure based on market valuations.

In this insightful interview, Siddharth Srivastava, Head of ETF Products at Mirae Asset Investment Managers, talks about the growing popularity of ETFs, especially international ETFs, and how they offer great potential for portfolio diversification. Srivastava discusses key sectors like technology, healthcare, and energy, which have seen strong growth and will continue to drive market recovery. He also dives into his approach for designing ETFs, the importance of selecting the right index, and why investing in international markets, especially during market corrections, is an opportunity not to be missed. This is a must-watch for anyone looking to optimise their investment strategy with ETFs. #SiddharthSrivastava #MiraeAsset #ETFs #InternationalInvesting #PassiveInvesting #IndexFunds #FinancialMarkets #ETFsIndia #InvestmentStrategy #ETFProducts #ValueResearch

Embracing uncertainty might be your best investment strategy

When markets wobble, your investment strategy shouldn't

Is chasing 25%+ annual returns a dream or a reality? Listen to our podcast to find out the truth!

In this discussion, Rohit Singhania, Co-Head of Equities at DSP Mutual Fund, shares his views on market volatility, the sectors crucial for India’s market recovery, and his disciplined investment strategy. Singhania discusses the outlook for sectors like Financials, IT, and Energy, providing insights into their potential to drive long-term growth despite global uncertainties. He also elaborates on how he selects stocks based on business fundamentals and valuations, emphasising the importance of patience and cautious optimism in volatile market conditions. #RohitSinghania #DSPMutualFund #IndianEquities #ValueResearch #MarketRecovery #Financials #ITSector #EnergySector #InvestmentStrategy #StockSelection #MarketVolatility #EquityInvesting #FundManagement

In this interview, Aditya Pagaria, Senior Fund Manager (Fixed Income) at Axis Mutual Fund, shares his outlook on the Indian debt market amidst recent RBI rate cuts and global economic uncertainty. He highlights the opportunities within the fixed-income space, advising investors on how to lock in higher yields, assess creditworthiness, and adapt to changing market conditions. Pagaria also discusses his strategic approach to managing debt portfolios, including the use of liquidity and tactical adjustments to capture the best returns in both rising and falling interest rate environments. #FixedIncomeInvesting #AxisMutualFund #DebtFunds #ValueResearch #RBI #InflationControl #InterestRates #InvestingInIndia #InvestmentStrategy

Investing in foreign stocks is about owning great businesses, not just avoiding domestic market downturns

Discover how to turn your ₹1 Crore retirement corpus into a steady income powerhouse—without sacrificing growth or security!

Something is fundamentally wrong if you can't leave your portfolio alone for a week

Is your fixed income strategy ready for today’s market? Join Dhirendra Kumar for expert insights on navigating uncertainty!

Costly investing mistakes reveal more about us than the market

Join Abhishek Bisen, Head of Fixed Income at Kotak Mahindra Mutual Fund, in this exclusive interview as he shares his expert views on India’s resilient debt market amidst global volatility and RBI rate cuts. With 18 years of experience navigating market cycles, Abhishek highlights the key role of liquidity and risk management in bond investments. He discusses how India’s debt market remains stable and attractive, despite rising global yields, and provides valuable insights into asset allocation strategies for investors in today’s environment. Tune in for a deep dive into fixed-income opportunities and strategies for navigating changing yields and inflation dynamics. #ValueResearch #IndianDebtMarket #AbhishekBisen #KotakMahindra #FixedIncome #DebtInvestment #RiskManagement #BondYields #AssetAllocation #RBIRateCuts #InvestmentStrategy Tags: Abhishek Bisen, Kotak Mahindra Mutual Fund, Fixed Income, Indian Bonds, Debt Market, Risk Management, Investment Strategy, RBI Rate Cuts, Yield Locking, Inflation, Asset Allocation, Portfolio Management, Value Research

Panic sells, but Indian investors aren’t buying it

In the rush for 'hot' investments, corporate governance remains the bedrock of sustainable returns

Value Research sits down with Nimesh Chandan, CIO at Bajaj Finserv Mutual Fund, to unravel his InQuBe framework—the fusion of informational, quantitative, and behavioural edges that powers contrarian, market‑beating investment decisions. Learn how Nimesh blends top‑down mega‑trend analysis with bottom‑up stock screeners, employs pre‑mortem valuation scenarios, and uses Kelly‑based position sizing alongside strict stop‑loss and event triggers. #ValueResearch #BajajFinserv #NimeshChandan #InQuBe #EquityInvesting #AlphaGeneration #ContrarianInvesting #BehavioralFinance #PortfolioStrategy #MegaTrends Tags: Nimesh Chandan, Bajaj Finserv Mutual Fund, Value Research, InQuBe Framework, Equity Markets, Risk Management, Top‑Down Investing, Bottom‑Up Stock Picking, Alpha Strategies, Contrarian Approach

Is gold still the ultimate hedge? Find out which form of gold is right for your portfolio in our latest Investors' Hangout!

In this episode, Amit Ganatra, Head of Equities at Invesco Mutual Fund, takes you through his journey and unveils Invesco's disciplined, in‑house six‑category stock selection process. He explains how a high‑quality portfolio focus and strict risk‑management levers delivered alpha across market cycles. He also breaks down the turnaround strategies behind the Midcap Fund's 2024 comeback and the all‑weather Large & Midcap Fund's outperformance. #ValueResearch #AmitGanatra #InvescoMutualFund #EquityResearch #InvestmentPhilosophy #RiskManagement #IndianMarkets Tags: Value Research, Amit Ganatra, Invesco Mutual Fund, Equity Markets, Stock Selection, Portfolio Construction, Risk Management, Midcap Fund, Large & Midcap Fund, Indian Equities, Investment Strategy

In this episode of Money Masters, Dhirendra Kumar sits down with Samir Arora, Founder and Fund Manager at Helios Capital, to unpack the firm's six‑category investment framework that delivers high‑confidence, long‑term alpha in Indian equities. Aurora shares how Helios Capital uses disciplined two‑to‑three‑year holding periods, rigorous governance filters, and a balanced growth‑value approach to navigate market cycles, manage risk, and consistently outperform. Tune in for actionable insights on portfolio construction, sector allocation, and adopting a 'reasonable confidence in high returns' mindset to elevate your equity investing strategy. #ValueResearch #DhirendraKumar #MoneyMasters #SamirArora #HeliosCapital #EquityInvesting #AlphaGeneration #InvestmentFramework #IndianMarkets Tags: Samir Arora, Helios Capital, Fund Manager, Equity Strategy, Stock Selection, Long‑Term Investing, Risk Management, Portfolio Construction, Indian Equities, Money Masters, Dhirendra Kumar, Value Research

In this insightful podcast, Bhavesh Jain, Co-Head of Factor Investing at Edelweiss Mutual Fund, discusses how global factors, like US tariff measures and geopolitical tensions, are impacting market volatility and Indian equities. He explains the fund house's approach to multi-cap investing, with a focus on growth, quality, value, and momentum, and shares how this factor-based strategy helps the fund navigate volatile markets. Bhavesh also provides valuable insights on diversified portfolios, the importance of asset allocation, and how retail investors can manage risk during market turbulence. Tune in to learn how disciplined, long-term investing and a well-balanced portfolio can provide protection against market volatility and generate consistent returns. #FactorInvesting #BhaveshJain #EdelweissMF #MarketVolatility #InvestmentStrategy #EquityInvestment #IndianEquities #AssetAllocation #SIP #PortfolioDiversification #InvestingWisdom #MutualFunds #FinancialPodcast #ValueResearch Tags: factor investing, Bhavesh Jain, Edelweiss Mutual Fund, market volatility, equity investing, portfolio diversification, asset allocation, investment strategies, retail investing, mutual fund podcast, financial planning, risk management, investment advice, SIP, gold investment, market recovery, economic growth, Indian markets, Value Research

When investing morphs into betting, everyone loses except the house

Confused by market noise? Learn how to invest smartly amid chaos and cut through the hype!

Why human emotions can be our own worst enemy