Anupam Gupta speaks to CIO of ICICI Prudential Mutual Fund, Sankaran Naren, about his unique journey through India’s evolving stock markets. Drawing on decades of experience spanning the 70s to the present, Naren highlights how the country’s equity landscape has transformed over time, shaped by regulatory reforms, the rise of new industries, and the vital role played by institutional investors. He emphasizes the importance of rigorous project appraisal, sound corporate governance, and the crucial blend of knowledge and temperament in creating a successful, long-term investment strategy.

In this conversation, Naren also shares personal stories about learning from past mistakes, surviving market bubbles, and staying focused on asset allocation. He stresses that investors should remain grounded and keep realistic expectations, warning that long-term wealth creation is rarely achieved through speculative trading. With insights from his years of managing public money, Naren offers practical advice for balancing growth and safety, reminding listeners that discipline and patience are fundamental to successful investing.

Hope you enjoy this conversation.

This was recorded on 19th December, 2024.

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