New Delhi, Oct. 11 -- Fund managers Renuka Ramnath and Nilesh Shah offered different takes on what investor should do during a market downturn - seek access to private markets or hunt for distressed valuations in the public markets.

Speaking at Kotak Private's 3rd edition of 'Take and Counter Take', the ace investors discussed public and private market strategies during market downturns. While the Ramnath stressed on the safety of directly managing cash and costs as a board member in a private company; Shah noted the unique wealth creation opportunity created by public market investors selling assets below fair value. However, both agreed investors should diversify, rather than treat markets as an either-or choice.

Ramnath is Founder, M...