Nippon India Large Cap Fund

Sailesh Raj Bhan joined Reliance (now Nippon India Mutual Fund) in 2003. He took on the role of a portfolio manager at the fund company in 2004 and has since gained considerable experience running diversified and sector funds. Sailesh Raj Bhan plies a growth-at-a-reasonable-price strategy. Typically, he prefers companies with healthy or rising ROEs. He doesn’t mind paying more for a stock if he believes it has sustainable advantages and good growth prospects. But he is not indifferent to valuations. Bhan pays heed to qualitative issues when evaluating a company. He uses fundamental research to scout for companies with sustainable business models, strong management teams, and durable competitive advantages. The top-down approach isn’t ignored as factors such as interest rates and currency movement are considered. Bhan works closely with analysts who maintain discount cash...