This Is a Phase to Accumulate Aggressively: Sailesh Raj Bhan on Where Smart Money Is Looking
Published on: June 22, 2026, 7:38 p.m. | Source: Moneycontrol
Will markets revisit the March lows? Where are the best opportunities for long-term investors today? In an exclusive conversation on The Wealth Formula with N Mahalakshmi, Sailesh Raj Bhan, President & CIO – Equity Investments, Nippon India Mutual Fund, shares his market outlook, investment philosophy and framework for identifying businesses that can compound wealth over long periods. He discusses the impact of oil prices on markets, lessons from a 30-year investing journey, the importance of not overpaying for growth, why sustainability of earnings matters more than narratives, and sectors where expectations remain low despite attractive fundamentals. Key topics include: Chances of markets retesting the March lows Growth versus valuation The role of PEG ratios in stock selection Private sector banks and consumer stocks Pharma and generic opportunities Evaluating business quality and free cash flow Navigating volatility and market noise Building a high-quality portfolio for the next 3–5 years Watch the full interview for insights on how one of India's most experienced fund managers is navigating today's market environment.
