'Stock-picking has always been critical'

Vetri Subramaniam, managing director and chief executive officer designate at UTI Asset Management Company, tells Puneet Wadhwa in an email interview that for those investing via the systematic investment plan (SIP) route, it is important that contributions are diversified across schemes by market capitalization in the current market scenario. Edited excerpts:

- Vetri Subramaniam, managing director and chief executive officer designate at UTI Asset Management Company, tells Puneet Wadhwa in an email interview that for those investing via the systematic investment plan (SIP) route, it is important that contributions are diversified across schemes by market capitalization in the current market scenario. Edited excerpts:

After the goods and services tax recalibration, do you think the government has maxed out on policy initiatives from a short-to medium-term perspective?

There is still scope for the government to do more, but equally, companies and other constituents of the economy have room to act. I don't believe that either the government or companies should focus on short-term adrenaline shots for the markets. Investors in India are doing the right thing by allocating to equities in a disciplined manner through SIPs and systematic transfer plans. The benefits will accrue over the long term through sustained growth in the economy, corporate earnings, and good governance.

What has been your biggest investing lesson thus far in 2025?