New Delhi, July 17 -- During bull markets, optimism often makes investors forget a simple truth: even great businesses can become poor investments if bought at the wrong price.

For Sailesh Raj Bhan, chief investment officer (equities) at Nippon Life AMC, that principle has guided his investing philosophy for nearly three decades.

As the Indian market recovers from the lows of April, Bhan sees a landscape that is becoming highly attractive. In a conversation with Mint, he highlights why the recent valuation correction offers a prime entry window, how external global trends like the AI trade created accidental bargains in Indian banking, and why an investor's respect for entry prices remains the ultimate defence against market volatility....