'We are more optimistic on equities than a year ago'

Summary: PPFAS Mutual Fund’s Chairman and CEO calls the year noisy and declines to name a mistake. He explains why running few schemes helps investors, and what would have to be true for him to launch another.

Summary: PPFAS Mutual Fund’s Chairman and CEO calls the year noisy and declines to name a mistake. He explains why running few schemes helps investors, and what would have to be true for him to launch another. How would you describe the past 12 months for your fund house in one sentence? I’d call it ‘noisy’, given the excessive focus on short-term performance. What was your single biggest mistake this year, and what did it cost investors? A year is too short to judge mistakes or successes in equity markets. We stay true to our philosophy and process, even if

This article was originally published on October 23, 2026.