Top fund manager reveals his investment strategies | Ft. Sailesh Raj Bhan of Nippon India MF

Video Description

In this episode of Beyond Returns, we sit down with Sailesh Raj Bhan, one of India’s most respected fund managers and the mind behind the long-term success of the Nippon India Pharma Fund and Nippon Large Cap Fund. With over 20 years of market-beating performance, Sailesh shares the core principles, mental models, and practical frameworks that have shaped his investing journey. We dive deep into Growth at Reasonable/Sensible Price (GARP/GASP), a strategy Sailesh has refined over decades. He breaks down how to identify high-quality businesses, avoid overpaying, and find opportunities even when markets look fully priced. He also simplifies key ideas like PEG ratio, Return on Equity, position sizing, and sector rotation so retail investors can apply them in real life. Whether you're a beginner trying to make sense of valuations or a seasoned investor looking to refine your framework, this conversation offers timeless lessons on discipline, risk management, and long-term compounding. What's covered in the conversation: - Why the Indian market has been in a time correction and what lies ahead - How to identify sustainable growth and avoid overpriced stocks - The real meaning of GARP and why it works in India - How to use the PEG ratio the right way (and when it fails) - How to analyse cyclicals and new-age businesses - Why position sizing matters more than stock picking - How to spot sectors that may be poised for rotation - The biggest mistakes investors make while chasing growth Chapters 00:00:00 Introduction 00:02:04 How long can the ongoing time correction last? 00:05:57 Insights into his investment style? 00:09:49 How has his style evolved over the years? 00:11:52 Growth at Reasonable Prices 00:14:23 Revenue growth vs profit growth: Which metric matters more 00:15:59 How does he pick growth stocks at a decent valuation? 00:19:03 How does he use the PEG ratio to value companies? 00:22:16 How to screen stocks with a low PEG? 00:24:13 One of the most important parameters when evaluating businesses 00:25:26 Finding opportunities when markets are expensive 00:27:24 Dealing with cyclicals and new-age businesses 00:32:03 Decoding complex sectors 00:35:05 How to avoid selling a multibagger too early? 00:38:37 How allocation in portfolio creates magic 00:42:31 Ideal number of stocks in an individual's portfolio 00:45:06 Selling framework Our official and Verified Social Media Accounts and Handles: ► Facebook: https://www.facebook.com/ETMONEY/ ► Twitter: https://twitter.com/etmoney ► Instagram: https://www.instagram.com/etmoney_official/ ► LinkedIn: https://www.linkedin.com/company/et_money/ ► WhatsApp: https://whatsapp.com/channel/0029VaB4nh0HltY56g6cA81b View the detailed disclaimer here: https://www.etmoney.com/disclosures