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.
