Paisa Vaisa with Anupam Gupta Flexi-Cap vs. Multi-Cap: The SEBI Rule That Changed Everything | Anupam Gupta | Sandeep Bagla
Nov 24, 2025
Sandeep Bagla, CEO of Trust Mutual Fund and an expert in fund management, discusses crucial investment strategies. He reveals how inflation is the key factor for understanding bond yields and why fixed deposits may not be the best choice. The podcast highlights the importance of SIPs, showcasing their stability amidst market volatility. Sandeep also demystifies the 'small cap' label, cautioning investors about misconceptions. Lastly, he recommends trusting professional fund managers for long-term investment success rather than relying solely on DIY approaches.
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Trust Group's Origin And Promoter Strength
- Trust Group began 25 years ago in debt distribution and expanded into debt capital markets and advisory.
- Founders Nipa Seth and Utpal Seth brought deep fixed-income and equity investing experience to the mutual fund venture.
Inflation Is The Core Bond Driver
- Inflation expectations drive about 70–80% of bond yield movements according to Sandeep Bagla.
- Fixed income investors target expected inflation plus ~1.5–2.5% as their required yield.
Use Duration To Beat Fixed Deposits
- Use longer-duration gilt funds when you expect interest rates to fall to capture capital appreciation over FD-like yields.
- Get guidance from an advisor and time entry; it's about duration play, not guaranteed returns like FDs.