'Growth investing will remain human-focused in future'

Model-driven vs human-led portfolios?

We at Motilal Oswal are all out growth investors. Growth investing is all about assessing future growth and, therefore, cannot be modelled by data. It requires active human assessment. That is why the predominant component (more than 98 per cent) of our actively managed assets are active-human driven assets. Growth investing, by design, will continue to remain human-focused going forward as well.

Post-stress test safeguards?

The stress tests were additional disclosures mandated by the regulator. It has had no impact on our investment philosophy or growth investing framework.

On low-friction investing and investor churn.

While there has been a marginal increase in redemptions over the last couple of months, it is generally due to the seasoning of assets and recent market volatility. However, we do not observe any significant impact of redemptions from digital platforms compared to traditional/ physical platforms. We are utilising customer interventions with analytics and martech tools that enable us to reach out immediately to customers who redeem and explain the importance of staying invested in the market during ups and downs.

Rapid-fire questions

• One AMC you admire (not yours): Parag Parikh AMC for scaling up a single flexi-cap fund to over Rs 1 lakh crore quietly and profitably.
• One hot trend you’re glad to have skipped for your investors: Benchmark-hugging products.
• One fund manager, past or present, you would love to have on your team: We have most of them. Our team is very aligned with growth investing and demonstrates great team spirit.
• Beyond returns, one criterion you want investors to judge your AMC on: Consistency and clarity about our high-growth investing.
• If not running an AMC, what would you be doing? I would use the time for travelling and exploring the globe and India.

This article was originally published on October 25, 2025.