New Delhi, Jan. 27 -- When asked where he sees growth and value, Kenneth Andrade, CIO of Old Bridge Mutual Fund and founder director of Old Bridge Capital Management, bluntly says, "Nowhere."

"When you talk about value, it no longer exists. It's all about growth," he said.

Andrade believes in buying for capital efficiency, but only at the right price. "We don't subscribe to the approach of outbidding others for high-quality stocks at any cost."

He believes this year and a part of 2026 are likely to be years of market consolidation. So, he does not expect great returns this year or even the following year. After five straight years of strong positive returns, it is natural for the market to take a breather. "Even if the market dips slig...