Ajay Tyagi discusses the macroeconomic situation in India and the investment approach of the UTI India Dynamic Equity Fund. He explains that India has experienced a different economic scenario compared to more developed region and, as a result, inflation remained under control, and the economy showed sustainable growth.
Ajay discusses the valuation of Indian stocks and the fund’s focus is on identifying companies that can benefit from India's long term growth prospects. The portfolio includes companies of all sizes, including small caps, which offer a long growth runway. Within the portfolio, he provides an example of Avenue Supermarkets, which has steadily expanded its food and grocery retail business by providing branded products at the lowest prices.