GST Cuts, Small Cap Opportunities and Kotak Mutual Fund's Investment Playbook with Harish Bihani

In this episode, we speak with Harish Bihani, Senior Fund Manager at Kotak Mutual Fund, about how recent GST slab cuts could boost demand and earnings over the next 6–24 months, and which sectors are best positioned to benefit. With over 16 years of equity research and fund management experience, Harish shares insights into his approach to managing the Kotak Business Cycle Fund, Kotak Pioneer Fund, and Kotak Small Cap Fund, which together oversee assets of around Rs 23,700 crore. He explains why nimble businesses with pricing power and strong distribution could emerge as the real winners of the GST policy shift, where value still lies in small and mid caps despite stretched valuations, and the principles guiding his investment style: scalable models, hungry management teams, and disciplined monitoring. We also discuss how sectoral filters, management quality, and market share gains shape his stock-picking decisions, and how funds like Business Cycle and Pioneer fit into an investor's portfolio. Whether you're an equity investor, mutual fund enthusiast, or simply keen to understand India's evolving market dynamics, this episode offers practical takeaways for smarter long-term investing.