We've stayed away from high-flying, new-age loss-making cos: Aniruddha Naha

Equity markets have regained lost ground in the last few weeks as foreign outflows began moderating and corporate earnings remained resilient. These factors keep Aniruddha Naha, Head- Equity, PGIM India Mutual Fund, upbeat on Indian equities. In an interview with Harshita Singh, Naha says that fears of a recession are less of a concern for India than the developed markets and that domestic equities are likely to remain more insulated to global macro challenges. Edited excerpts:

Have we found a bottom or is it wise to remain watchful?

There seem to be some visible differences in the outlook of developed