No foreign equities: Why Bajaj AMC's Nimish Chandan swears by India

Bajaj AMC CIO Nimish Chandan has zero exposure to international equities and follows a strong home bias as a long-standing investing philosophy, not a tactical call.

He uses gold as a hedge against rupee depreciation instead of buying international funds.

During the volatile last two years, Chandan increased his equity allocation, particularly in small-cap mutual funds, achieving a CAGR of 17-19%.

His equity portfolio is 90% in actively managed funds and 60% allocated to mid- and small-cap funds.

Chandan expects global equities to see a larger correction due to stretched valuations and high expectations for AI-led themes.