'Focus on quality businesses' responsible for fund outperformance: Rupesh Patel

We caught up with Rupesh Patel, Fund Manager, Tata Midcap Growth Fund to get an idea of the factors responsible for the fund's performance as well as the strategy used in buying and selling stocks as well as in dealing with volatility in the markets. What are the main factors responsible for the outperformance by your fund in the last one year? The outperformance by the fund can be primarily attributed to our focus on quality businesses. Overweight position in consumer discretionary and underweight stance in banking and financial services helped the fund significantly in the last one year. How do you pick stocks? Our stock-selection strategy is primarily focused on understanding the quality of underlying businesses and their value drivers. We believe that, over a longer period of