Value Research

Why mutual fund companies and brokerages are worth the same, despite opposite customer results

Delaying your investments is costing you far more than bad timing

Overpriced IPOs aren't SEBI's problem anymore - they're yours

Are index funds truly the smarter choice now, or is the real answer far less obvious than it seems?

The overlooked puzzle of turning savings into years of security

Regulatory tightening is welcome, but it doesn't replace investor vigilance

This Children’s Day, find out which grows your child’s money faster — Sukanya Samriddhi Yojana, PPF or Mutual Funds.

Why bundling protection with savings fails India's families

Even at market highs, your biggest risk isn't the market — it's waiting to start your SIP. Watch this week's Investors' Hangout to know why.

Perhaps the best investment education is a small, early loss

Why investors are now rethinking profits, losses and moats

When companies that have never made money come calling for your savings

Are you truly retirement ready — or just hoping your money will last longer than you do? Find out in this week's Investors' Hangout.

Why silver's glitter hides a fragility that no serious investor should mistake for safety

Markets change, rules multiply, but the fundamentals of wealth creation remain stubbornly the same

Why the loudest critics often miss the point of retirement investing

When stability breeds complacency, investors must rediscover prudence

NPS just got its biggest upgrade ever — find out how this game-changing move could transform your retirement future.

This Diwali, Dhirendra Kumar separates festive glitter from real value — is gold still protection, or is silver the new opportunity?

A new survey shows that India's risk aversion is the real barrier to investment growth

This World Investor Week, Dhirendra Kumar reveals the few decisions that quietly determine whether your wealth compounds—or falls behind.

The real edge in investing has never been about gathering information faster

That viral comparison conveniently omits what matters most: your money and your family's protection

When governments create chaos, investors need calm

SIPs are steady, markets are cooling — is this a red flag or the healthiest thing that could happen to your money?

How margin expansion can translate to wealth creation

Want ₹10,000 a month from ₹10 lakh? Discover the real risks and sustainability on Investors' Hangout.

Why retail investors shouldn't mimic professional fund managers

When policy becomes unpredictable, rational planning becomes impossible

In this episode, Ajay Argal, Senior Vice President and Portfolio Manager at Franklin Templeton Emerging Markets Equity – India, shares his perspective on Indian market valuations, mid- and small-cap caution, and Franklin Templeton's investment philosophy. Managing over Rs 30,000 crore across seven schemes, including the top-rated Templeton India Value Fund and Franklin Build India Fund, Argal explains why India’s long-standing valuation premium over other emerging markets is rooted in fundamentals like higher GDP growth and consistently strong return on equity. He also discusses: Why India's valuation premium remains justified, though not excessive. The risks still present in mid- and small-cap segments despite recent corrections. How the QGSV framework (quality, growth, sustainability, valuation) and GARP style guide investment decisions. How Franklin Templeton evaluates sustainability, long-term growth, and management quality across cycles. The rationale behind the current large-cap tilt in funds like Focused, Value, and Dividend Yield, and how style cycles affect short-term performance. This conversation offers valuable insights for mutual fund investors, equity market enthusiasts, and anyone looking to understand how professional fund managers navigate valuations, style shifts, and market cycles in India.

Why the iPhone frenzy reveals everything wrong with our spending priorities

The Sunjay Kapur estate battle shows why proper will-making matters - and why India needs blockchain authentication

In this episode, Ramesh Mantri, Chief Investment Officer at WhiteOak Capital AMC, shares his insights on where opportunity lies in today’s volatile markets. Despite tariffs, sticky inflation, and global uncertainty, Indian equities have shown surprising resilience. Mantri explains why long-term corporate cash flow growth is the real driver of equity returns, and why this is an ideal environment for active fund managers. With Rs 24,000 crore in AUM and WhiteOak's flexi-cap fund carrying a strong four-star Value Research rating, he outlines how their disciplined, bottom-up process works across both 'flat' and 'turning pitches,' ensuring performance in varied cycles. We also discuss: Why small and mid caps still hold alpha potential despite premium valuations. How WhiteOak builds a diversified mid-cap portfolio of 100+ stocks with a SIP-focused design and low-beta strategy. The reasoning behind staying overweight in IT despite near-term pain, and why smaller IT names continue to deliver alpha. Key opportunities in financials, healthcare, asset management, travel & hospitality, real estate, and high-end manufacturing. Whether you're an SIP investor, a mutual fund enthusiast, or a long-term equity investor, this conversation is packed with practical insights on navigating uncertainty while building wealth.

Why your first fund shouldn't be your best fund

Are SIPs letting investors down — or are investors quitting before the payoff? To understand, watch Investors' Hangout.

In this episode, we speak with Harish Bihani, Senior Fund Manager at Kotak Mutual Fund, about how recent GST slab cuts could boost demand and earnings over the next 6–24 months, and which sectors are best positioned to benefit. With over 16 years of equity research and fund management experience, Harish shares insights into his approach to managing the Kotak Business Cycle Fund, Kotak Pioneer Fund, and Kotak Small Cap Fund, which together oversee assets of around Rs 23,700 crore. He explains why nimble businesses with pricing power and strong distribution could emerge as the real winners of the GST policy shift, where value still lies in small and mid caps despite stretched valuations, and the principles guiding his investment style: scalable models, hungry management teams, and disciplined monitoring. We also discuss how sectoral filters, management quality, and market share gains shape his stock-picking decisions, and how funds like Business Cycle and Pioneer fit into an investor's portfolio. Whether you're an equity investor, mutual fund enthusiast, or simply keen to understand India's evolving market dynamics, this episode offers practical takeaways for smarter long-term investing.

In investing, unlearning the wrong things matters more than learning new ones

Can you really retire with a 100% equity portfolio — or is it a risk that could derail your retirement?

With small- and mid-cap valuations running hot, many investors are wondering: Will earnings growth keep pace, or are we heading for disappointment? In this episode, we sit down with Aditya Khemani, Fund Manager at Invesco Mutual Fund, who manages over ₹25,000 crore across large-, mid- and small-cap strategies. He shares candid insights on: Why earnings risk never disappears—but matters less over 3, 5, or 10 years. How India’s macro backdrop is one of the strongest in two decades, even as cyclical slowdowns remain inevitable. Why valuations must be judged through the lens of long-term growth and cash flows, not just near-term P/E ratios. The importance of stock selection vs sector bets in generating alpha. Why investors should temper return expectations to realistic low-teen outcomes. Key structural themes—from healthcare to financialisation—that continue to drive resilience in his funds. Khemani also explains why quality, growth, and cash flow conversion remain at the heart of his stock-picking framework, and how patient investors can still create meaningful wealth in India’s evolving markets. If you’ve been anxious about stretched valuations or confused about how to navigate today’s mid- and small-cap rally, this conversation will give you much-needed clarity.

Lower taxes and cheaper goods sound wonderful, but are we creating a generation that can't save?

Amid stretched valuations in the Indian equity market — especially in the mid-cap space — how should investors think about opportunities, risks, and portfolio positioning? In this episode, we speak with Kirti Dalvi, Fund Manager at Mahindra Manulife Mutual Fund, who shares her perspective on: Why she remains constructive on India despite elevated valuations. Her investment philosophy and bottom-up stock-picking approach. How she evaluates high P/E businesses for growth visibility and sustainability. Key lessons learned from her mid-cap fund’s recent underperformance. Sector outlooks, including financials and industrials. Non-negotiables on risk management, position sizing, and sell discipline. Dalvi also explains how she balances conviction with caution in an expensive market, what triggers a reallocation or exit, and why flexibility and humility are essential in volatile times. This deep-dive conversation is a must-listen for investors navigating Indian equities, especially those interested in mid-caps, fund management strategy, and lessons from market cycles.

Dipping into your equity for short-term needs? It could cost you crores in the long run.

Why boring businesses often win big

Unravel the answer to every investor’s dilemma: how to balance returns and peace of mind.

Sometimes, exceptional circumstances genuinely justify breaking investment rules. Or do they?

Why retail investors mistake trading for investing and pay the price

Why Buffett's biggest regrets should reassure, not alarm you

Got 20 funds in your portfolio? That's not smart diversification — that's clutter. learn how to cut the fat and boost returns in this podcast.

What makes an Innovation Fund different from a Flexi Cap Fund — and why does it carry higher risk? In this episode, we sit down with Vinay Sharma, Senior Fund Manager at Nippon India Mutual Fund, who manages over ₹18,500 crore across three equity schemes, including the five-star-rated Nippon India Banking & Financial Services Fund. Vinay shares his investment philosophy built on probability, patience, and contrarian calls, and explains why labels like 'growth' and 'value' don't matter as much as spotting true value creation. We cover: How the Indian equity market is shaping up in 2025 The rebound in Nippon India Focused Fund after a tough 2024 How to define and identify innovation in Indian markets Why Innovation Fund stocks differ from Flexi Cap portfolios The role of risk tolerance, earnings visibility and technology-driven change Why stock selection and sector focus matter in today's neutral market If you're an investor exploring new strategies, curious about thematic funds, or trying to understand the difference between innovation-driven opportunities and diversified approaches, this episode offers practical insights straight from one of India's leading fund managers.

How the investment industry complicates what should be investing's simplest concept