''When we visit a company, we look at what's on the desk of the chief executive such as
books, painting; we observe the cars in the carpark, the canteen. Those tell us a lot about
the companies and their owners and how they behave. Are they conservative or do they bet the
farm in every cycle?''- Mr Agarwal
KEEPING WATCH: Since inception in August 1999 to end-2015, the First State Indian Subcontinent Fund has generated a cumulative return of 674%, compared to the benchmark return of 368%.
A CONVERSATION with India equity manager Vinay Agarwal is more likely to dwell on the stocks that he likes or does not like rather than macroenomics or interest rates.
He gives Bloomberg screens a wide berth. He also eschews words common among most fund managers, such as over or...