In this insightful interview, Niket Shah, Chief Investment Officer at Motilal Oswal Asset Management, shares his perspective on the current Indian equity market, where valuations are stretched but opportunities still exist. Shah, who manages Rs 59,000 crore across multiple funds, discusses his high-conviction investment approach, focusing on quality businesses with strong growth potential.

He explains the challenges of finding value in today’s market and how he navigates elevated valuations with a differentiated strategy. Shah also dives deep into his QGLP philosophy—emphasizing quality, growth, longevity, and price—and how he builds concentrated portfolios with carefully selected stocks. He sheds light on his approach to mid- and small-cap investments, allocation calls, and sector diversification, while offering insights on how his rigorous research and firsthand experiences drive his decision-making.

Tune in for valuable lessons on how to build high-performing portfolios in a market where easy wins are harder to come by and learn about the emerging themes that continue to shape his investment strategy.