Next multi-baggers will come not from momentum or leverage, but from patient compounding in businesses that scale with India’s domestic demand, Siddharth Mehta , founder & chief allocator (CIO) of Bay Capital, tells Nesil Staney in an interview. He also speaks about regulatory reforms, FPI stance on India, fund flows, and emerging themes in Indian markets. Excerpts:

Is financial netting needed in Indian markets?

Absolutely. Allowing financial netting for FPIs is a natural next step in the maturation of Indian markets. It would enhance efficiency, reduce transaction costs, and improve liquidity — all of which ultimately deepen participation. As India integrates further with global capital markets, regulatory frameworks must evolve to reflect the sophistication of our investor base.

See Full Page