'Valuations are more reasonable and earnings should improve'

Summary: Motilal Oswal AMC’s MD and CEO says the year sharpened the fund house’s focus on a few core traits in the businesses it picks, and he describes the most challenging stretch as one that dragged on longer than expected. He gives a view on what will drive markets and sets out what he thinks his fund house offers that larger rivals don’t. On how much of its fast growth came from flows versus markets, he gives a general answer without a split.

Summary: Motilal Oswal AMC’s MD and CEO says the year sharpened the fund house’s focus on a few core traits in the businesses it picks, and he describes the most challenging stretch as one that dragged on longer than expected. He gives a view on what will drive markets and sets out what he thinks his fund house offers that larger rivals don’t. On how much of its fast growth came from flows versus markets, he gives a general answer without a split. How would you describe the past 12 months for your fund house in one sentence? It reinforced our conviction in differentiated, high-growth businesses, sharpening our focus on quality, longevity, valuation and discipline. What was your single biggest mistake this year, and what did it

This article was originally published on October 23, 2026.