A Good Time to Invest

Vinay Paharia, Fund Manager, Religare Invesco Mutual Fund, shares his investment philosophy and the rationale behind his picks. He explains why the mid- and small-cap space is still attractive and how investors should approach in the current scenario Your funds Religare Invesco Mid Cap and Religare Invesco Mid N Small Cap have performed better than the category. Which stocks or strategy would you attribute to this and the rationale behind those picks? Our strategy is consistent -- we follow a bottom-up investment approach. The returns are a function of the stocks we own but the identification of stocks and consistency is a result of the investment process. Using our investment process we identify companies with better growth trajectory and healthy capital return ratios. These form the core of the portfolio which has a growth bias. What is your investment philosophy? Are there any sectors you prefer investing in and what do you generally avoid? We only invest in companies that meet the stock selection principles as laid out in our investment process. We look at both qualitative and quantitative factors. A key quantitative parameter which we tend