Interview

"Buy into dips, unless you think India is structurally challenged"

Fidelity India’s head of investments prefers companies with strong balance sheets

Sanjit Kundu

Alexander Treves, 39, Head of Investments at Fidelity India has lived through financial crises for a good part of his career. In mid-1997, the South East Asian crisis brewed after he had spent a couple of years on the buy side. In 2000, around the peak of the dotcom bubble, he moved to the UK as a fund manager overseeing pan-Asian markets. In 2006, he moved to Fidelity as Head of Research in Tokyo, only to witness the 2008 meltdown. Now in India he is living through a global contagion, thanks to the Euro sovereign crisis. Though the macro environment is challenging, Treves, who oversees assets close to ₹10,000 crore, is keeping his wits about him. Excerpts: