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Finance Podcast Ft Fund Manager Ratish B Varier
Original: Finance Podcast | Ft Fund Manager Ratish B Varier
Takeaway
Earnings growth will moderate from 25% to 12-15%; focus on category leaders who can reinvest cash flows for above-GDP growth.
Summary
- Interview with Ratish B Varier (19+ years fund manager experience) on adapting investing style for current sideways/volatile markets vs the easy 2019-2024 bull period
- Explains 2019-24 returns: 25% earnings CAGR in smallcap/midcap, 14-15% largecap, driven by operating leverage and deleveraged corporate balance sheets
- Warns the 20-25% earnings growth is over: India corporate balance sheets are fully deleveraged so no further interest cost benefit; nominal GDP/revenue growth will converge to 12-15%
- Says valuations are still pricing in fancy earnings expectations, leading to sentiment correction over next 12-36 months
- Advice: invest in category leaders who can reinvest accumulated cash flows in supply chain/forward sales to keep growing above nominal GDP
fund managermarket cyclevaluations
Original description
Follow our WhatsApp channel 👉 https://tinyurl.com/32cra3sc To support our channel use the link below Zerodha Account Link 👉 https://zerodha.com/open-account?c=ZMPVNW Buy Best Term/Health Insurance With Spam-free Advice - https://ditto.sh/1bzezx TELEGRAM: https://telegram.openinapp.co/money-purse 🎯 Wondering where to invest in the current market? In this exclusive interview, a top fund manager reveals his insights on stock picking, valuation metrics, portfolio allocation, IT & Auto sector outlook, and more. 👉 Whether you're a long-term investor or looking for strategic decisions in 2025, this video is packed with deep, actionable knowledge. Don't miss the Telugu summary at the end! Stay In Touch👇 Also connect with us on👇 📷Instagram: https://www.instagram.com/moneypurseadv/ 🕊Twitter: https://twitter.com/Moneypurseadv 📱Facebook: https://www.facebook.com/moneypurseadv/ Thanks for watching... Team Money Purse 00:00 Introduction 05:18 Where do you invest in current Market? 10:33 Why I like These Stocks 17:03 What valuation metrics do you look in a company to pick in your portfolio? 19:23 How an investor avoid traps such as Gensol? 29:01 In the current markets which are the Tactical Calls you are looking into? 33:03 QSRs are struggling now, but what is the thesis behind you taking overweight in your Portfolio? 36:13 Where do you see bullishness in the Auto Sector? 40:08 You have taken a sizable allocation in IT, what’s your view here? 45:50 I could see sizable allocation given to Airtel, across Funds you handle what is the reason behind it? 47:56 Do you see any opportunity in this Trade War to our Country? 54:59 Where do you see the earnings period go well in the short run? 57:19 As a Fund Manager where do you invest your personal money? 57:54 What’s your Asset allocation in the current situation? 1:01:12 As a Fund Manager how is your day goes by? 1:02:28 What or whom do you Follow? 1:06:05 Telugu summary