



Markets offer an entry point, but sticking to large-cap indices may no longer work: Samco MF CEO Viraj Gandhi
Future wealth will be driven by active stock-picking, identifying newer growth segments currently outside the major indices and holding them through their growth phase, said Viraj Gandhi, chief executive officer (CEO) of Samco Mutual Fund.“In this volatile environment, shifting from a passive mindset to an active, selective strategy is the only way to navigate the new investment horizon.”Even as current market conditions offer a strong buying opportunity, he believes the old passive-playbook approach of sticking to large-cap indices is unlikely to work.Edited excerpts:The outlook depends on key leading indicators. If crude stays elevated for the next three to twelve months, fuelling global inflation, this could be the start of a deeper fall.
But if crude cools and recession fears fade, this correction may turn out to be a strong entry opportunity. Rather than taking a fixed view now, investors should stay nimble and closely track indicators like US bond yields—rising rates would signal further downside, while a short-term, event-driven spike could present a buying opportunity.
The next few weeks will be crucial in shaping this view.Volatility is the new normal; it is no longer a short-term phase but a permanent part of the investment journey. What is more important to understand is—how do you navigate it? To navigate this, one must recognize that rapid environmental shifts create a ‘new normal’ in which past behaviours and strategies must be updated to remain effective.
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