If you’d like professional guidance from a SEBI-registered financial advisor, please fill out this short form - https://topc.typeform.com/cfo-yt We currently advise portfolios worth ₹1,200+ crore, helping people work towards financial independence. Ajay Tyagi is the Head of Equities at UTI and brings over 26 years of investing experience in Indian equity markets. At UTI, he oversees roughly ₹2.5 lakh crore in assets under management across multiple equity mutual fund schemes, making him responsible for allocating capital at scale across India’s public markets. In this conversation, Ajay explains how professional investors think about managing money compared to retail investors. He breaks down the fundamentals of asset allocation, how to balance equities, fixed income, and gold in a portfolio, and why diversification across global markets can be important for long-term wealth creation. The discussion also dives into the sectors Ajay believes could shape the next decade of investing in India. He shares why consumer-facing technology platforms could produce large winners, how electronics manufacturing is emerging as a major opportunity due to global supply chain shifts, and why consumer discretionary spending and healthcare could benefit as India’s income levels rise. Along the way, Ajay also shares practical lessons from his 26-year career in investing, including the framework he uses to evaluate businesses, the metrics he trusts the most, and the biggest behavioral mistakes investors make during bull markets. If you want to understand how professional fund managers think about markets, risk, and long-term investing, this episode offers a clear and practical perspective. Ajay's LinkedIn: https://www.linkedin.com/in/ajay-tyagi-cfa-30b5a228/?originalSubdomain=in — Subscribe: The 1% Club: YouTube: https://www.youtube.com/@FWSClips0 Instagram: https://www.instagram.com/onepercentclubshow/ LinkedIn: https://www.linkedin.com/school/the-1-clubfws Sharan Hegde: Instagram: https://www.instagram.com/financewithsharan/ LinkedIn: https://www.linkedin.com/in/sharanhegde95/ Twitter/X: https://x.com/financewsharan – Sharan Hegde is a personal finance creator & founder of the 1% Club, simplifying money, markets, and mindset for India’s next generation of wealth builders. – Timeline: 00:00 - Precap 01:09 - Introducing the guest: Ajay Tyagi 01:40 - Why do you need a fund manager? 02:29 - Willingness vs ability to take risk 08:09 - Should you invest in the European market? 09:34 - Ajay’s views on real estate 13:36 - Should you invest in gold? 17:24 - Where else should you allocate your money? 18:02 - UTI’s successful investment in Zomato 22:07 - What sectors look promising? 25:01 - Every investor needs to know this to be successful 27:14 - Future of quick commerce in India? 32:23 - Government’s push to the electronics manufacturing space (EMS) 35:48 - Curse of having natural resources in a country 39:35 - Are there no discretionary spending brands coming up in India? 41:22 - Ajay talks about the future of the automobile industry 43:26 - What to expect from the healthcare sector? 46:59 - Ajay’s prediction on the defence sector 53:38 - Rapid fire round 01:01:41 - Ending notes