'We're not deep value, quality or growth at any price investors'

Rahul Singh explains what’s worked and what’s not since he took over the reins of Tata AMC’s equity division

Lately, a few Tata equity funds have come under the spotlight for delivering exceptional returns. Rahul Singh, the fund house’s chief investment officer of equities, sat down with us to explain the turnaround and the core philosophy driving them. During the interview, he also shed light on why their equity funds suffered in the 2020-21 period and which sectors can potentially deliver going forward. Here is the edited transcript of the interview.

Indian equity markets have been subdued. Given the concerns of a global slowdown and recession, how do you look at the markets?
The risk of a global slowdown is obviously real, as there is inflationary pressure and interest rates have risen. But thankfully, India is at a different stage in its cycle this time. Typically, when interest rates rise, countries with weak banks or a weak corporate sector experience a crisis or slowdown. The balance sheets of both the corporate sector and the banking industry in India are in good shape today. So, while this is not a problem in India, the rest of the world may be under strain. While there will be some impact on Indian markets, it won’t be as bad as what other markets are experiencing.