ETMarkets Fund Manager Talk: This smallcase manager sees no case for investing in new-age tech cos; here’s why

Despite the recovery in earnings and correction in valuations for new-age consumer technology stocks, many fund managers are still hesitant to invest. Kislay Upadhyay, smallcase manager and founder of FidelFolio Investments, believes that most new-age companies lack a sustainable business model and are not capital efficient enough to justify investment. He suggests investors wait for a proven business model before entering such stocks.