"Buy businesses gaining global market share"

Kenneth Andrade, Founder and CIO of Old Bridge Mutual Fund, on the effect of Trump's tariffs, the return of foreign institutional investor inflows, and more

- SIDDHARTH ZARABI

54-YEAR-OLD

Kenneth Andrade, Founder and CIO of Old Bridge Mutual Fund, believes at a 5-6% growth rate, India will remain one of the top-growing countries. Speaking to Business Today, he dwells on India's position in a post-tariff world. He also speaks about gold as a hedge against uncertainties. Edited excerpts:

This is a time of extreme volatility and now it seems that the worst of the tariff-related news may have already been priced in by markets. President Trump also seems to be softening vis-à-vis China. Is that the right way to read the current situation?

Well, all of this is still evolving, so we do not know how it would go. It is really a new environment that we are studying.

So, over the course of the next couple of quarters or years, the environment will still be reasonably fluid, and we probably need to take it one quarter or one year at a time.

Both the Indian markets and the economy are slightly better placed than most of their global peers.

You said the macro environment will remain fluid and at times like this discussing valuations and stock prices may not be really material. How reasonable are Indian equities looking?

We seem to be pretty much placed well economically.