“Every style will have its own time, every style does not work throughout. In ten years the same style will never work. So styles will go out of favour. Like the same cricket team does not work, what was top of the charts last year are bottom of the charts this year! Look at IPL, the top two teams are the bottom two teams.”

"The Indian market offers a very unique breadth of opportunities. Often these opportunities are not captured by the top 50 or 100 names because many of these firms are smaller in size and very fragmented. These small and midcap companies are growing much faster than some of the larger names and we see a significant structural growth opportunity here."

“ The market is now more inclined towards the revival of the economy and all of those things and this narrative about recession and inflation will probably ease out in the next few days. In any case, the base effect of inflation will start playing from next month onwards. We will stop listening to a lot of inflation numbers and all of that and I guess the market is building on that,”

“We cannot expect the similar kind of returns which have happened in the last couple of weeks. We will have to curtail our return expectations. There can be a reduction in terms of the returns which are coming in in the subsequent period because we already have seen a significant amount of rally during the last couple of weeks.”

"We are moving towards making a much more granular book in the financial services business. Today we have about 43-44% of our book as retail and the balance is wholesale. Earlier before DHFL, it was like 90:10. In the next few years, we want to make it two-thirds retail and one-third wholesale."

“Strategically, for our company, this is the key because the largest segment of the industry is a Flexi Cap both in terms of flows and AUM and has been left as a gap by us. After the Principal merger, we left this as a spot so that at the right time we could launch what we will see as in the future the largest and probably the flagship fund for a fund house.”

“We are not very rich but when the global average is $10000-$12000-$13000, we are at $2,500 and India is supplying manpower to run the best and the biggest corporations in the world. Clearly we have a chance or most likely the way my last 40 years have gone, the next 40 is going to be like that only or may be even more exciting as the world is becoming prosperous.”

“What stands out is his capability to see bargains because the market is about value and price. Price everybody knows but who knows the deep value. When the whole market was against it, he would say this is where the bet lies. Many times it looked like he was a le phataphat de phataphat (trading) type but he was also very long term. All the wealth has been created by him with long-term successful bets.”

“In Q1, high frequency indicators indicated that demand was pretty robust. The first trickle of the high frequency indicators that we are getting from Q2 is again very robust. The PMI numbers and the GST collections and credit growth is good but the bigger thing is that inflation is