Why Sector Matters More Than Stocks in Small Caps | Tejas Sheth - Axis MF | Ventura Spotlight скачать в хорошем качестве

Why Sector Matters More Than Stocks in Small Caps | Tejas Sheth - Axis MF | Ventura Spotlight

In this episode of Ventura Spotlight, we sit down with Tejas Sheth, Equity Fund Manager at Axis Mutual Fund, to discuss how small-cap investing in India has evolved and what has structurally changed over the last few years. With over two decades of experience in equity research and fund management, Tejas explains why sector selection often matters more than individual stock picking in small caps, how investors should think about risk in today’s expanded market, and why valuation is often a reflection of growth certainty rather than just price multiples. He also shares insights on managing volatility, fund size constraints, liquidity norms, governance standards, and the importance of staying flexible across market cycles. A grounded, process-driven conversation for investors looking to understand small caps beyond short-term noise. 🎯 Topics Discussed 🔹 How small-cap investing has changed over the last decade 🔹 Sector selection vs bottom-up stock picking 🔹 Why scalability matters more than size 🔹 Identifying management quality in small-cap companies 🔹 Valuation as a perception of growth certainty 🔹 Are small caps less risky today than 5 years ago? 🔹 Core investing principles across market cycles 🔗 Chapters / Timestamps 00:00 – Introduction 01:45 – Tejas Sheth’s journey into investing 03:19 – Early market exposure and lessons 05:50 – Why small caps are not purely bottom-up 08:04 – Chemicals sector and sector tailwinds 09:48 – Two non-negotiables in small caps 11:39 – How to judge management quality 14:26 – Balancing growth and valuation in small caps 18:02 – Managing volatility in small cap funds 21:10 – Has the small-cap landscape structurally changed? 24:34 – Managing a ₹26,000+ crore small cap fund 27:43 – Are small-cap funds less risky today? 28:57 – Benchmark vs absolute returns debate 33:17 – Emotional stress & deep research 37:33 – Core investing principles ================================================================================ 📌 Watch the full playlist –    • Ventura Spotlight   ================================================================================ 📌 Check out our other playlists –    • Technically Speaking With Ventura      • Stock Talk With BKG      • Bazaar Basics (Hindi)   ================================================================================ 📌 Stay updated daily 👉 WhatsApp Channel: https://tinyurl.com/475k7ced 👉 Telegram Channel: https://t.me/VenturaUpdates ================================================================================ 💼 Open a Demat Account with Ventura Trade at ₹9 per order & get 55% off* for life – https://tinyurl.com/y69wv55e 📲 Download the Ventura App App Store: https://tinyurl.com/34jdnv9j Play Store: https://tinyurl.com/yzcm2xm9 ================================================================================ 👥 Follow Us Website | https://www.venturasecurities.com Instagram |   / venturaupdates   Facebook |   / venturasecurities   Twitter |   / venturaupdates   LinkedIn |   / ventura-securities-ltd   📃 Disclosures & Disclaimer: https://tinyurl.com/disclosurendiscla... #TejasSheth #AxisMutualFund #SmallCapFund #EquityResearch #MutualFundsIndia #Ventura #VenturaSpotlight #FundManagerInterview