New Delhi, Feb. 26 -- Peter Lynch is widely regarded as one of the most successful mutual fund managers in US history. He ran Fidelity's Magellan Fund from 1977 to 1990, delivering a 29.2% CAGR-more than double the S&P 500 benchmark. By the time he retired at 46, the fund's assets had grown from a modest $18 million to $14 billion.

Lynch is also the author of the classic investing book One Up on Wall Street. A value investor at heart, he is credited with developing the GARP (Growth at a Reasonable Price) strategy and popularising the term "multibagger."

Here are his six rules for spotting multi-bagger stocks, and how they can be applied in India.

Lynch was famous as a growth investor, but he never overpaid for growth. A PE of 40 was of...