Mihir Vora, Chief Investment Officer at TRUST Mutual Fund, on Sunday sought to allay fears around valuations of new-age companies. He said every business appears "new age" in its initial phase, but investors must assess whether valuations reflect long-term growth potential or irrational exuberance.

"A common question that I get these days is about the risks of 'new age' companies and business models, and whether valuations are 'too high' for these companies," Vora wrote on X. "For this, it is worth reminding ourselves that the process of 'creative destruction' has always been an integral part of markets and economics. 'New' technologies and businesses are always emerging, creating new opportunities or disrupting existing businesses." Advertisement

Vora pointed out that of the 30 compani

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