Q) Your portfolio has delivered strong returns across multiple periods, but investors often focus on point-to-point performance. Why do you believe rolling returns are a better measure of the sustainability and consistency of a PMS strategy?

Q) The numbers show that the strategy has outperformed the BSE 500 TRI across 1-year, 3-year, 5-year and 10-year periods. What were the key elements of the investment process that helped you generate both alpha and consistency across different market cycles?

Q) You also have a separate multibagger framework aimed at identifying companies that can create outsized wealth. How does this framework differ from your core stock-selection process, and what are the early signals you look for before a stock becomes a potential multibaggers?

Q) You have identified 27 multibaggers in the last cycle. Looking back, what common characteristics did these businesses share at the time you first identified them—and how different did they look from the market favourites of that period?

Q) In mid- and smallcaps, the line between a potential multibagger and a value trap can be thin. How does your process distinguish between a business that is genuinely entering a high-growth phase and one whose valuation is simply reflecting an attractive narrative?

Q) Your investment process looks at parameters such as three-year revenue CAGR, ROCE, debt, operating profit, promoter pledging and valuation. Which of these metrics tend to be the biggest red flags, and which ones can signal that a company deserves deeper research?

Q) After the strong rally in mid- and smallcaps, where are you still finding mispriced opportunities today? Are you seeing more potential in emerging businesses, turnaround stories, or established companies undergoing a structural transformation?

Q) If you were to look ahead over the next 3–5 years, which characteristics—not sectors or individual stocks—could define the next generation of multibaggers in India?