New Delhi, March 30 -- Future wealth will be driven by active stock-picking, identifying newer growth segments currently outside the major indices and holding them through their growth phase, said Viraj Gandhi, chief executive officer (CEO) of Samco Mutual Fund.

"In this volatile environment, shifting from a passive mindset to an active, selective strategy is the only way to navigate the new investment horizon."

Even as current market conditions offer a strong buying opportunity, he believes the old passive-playbook approach of sticking to large-cap indices is unlikely to work.

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The outlook depends on key leading indicators. If crude stays elevated for the next three to twelve months, fuelling global inflation, this co...