Nilesh Shah’s prayers got answered today

We do not take cash call.

We remain fully invested across our funds and yes, the flows have been very strong and market near all time high level, so it’s a difficult task.

For 24 years of my career I used to pray that foreign institutional investors (FIIs) should buy so that my investors can make money.

Today my prayer is that FIIs should sell so that I can buy stocks cheap for my investors and get them money.

from a 2017 interview by Nilesh Shah,MD,Kotak Mahindra AMC

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