Sunil Singhania's investing approach: Believe in numbers

A hawk-like focus on the balance sheet along with a conservative nature tuned to avoid irrational risks -- that is what makes Sunil Singhania ticks. In an interaction with noted value investor Ramesh Damani for his CNBC-TV18 show Wizards of Dalal Street, Singhania, chief investment officer at one of the country's largest mutual fund shop Reliance, said he was a "strong believer in the balance sheet" and said he often uses numbers on companies' financial statements to get a true sense of the business. "If the company has been diluting too much equity or if there is lack of cash flow [it shows up]," he said, adding that his team at Reliance MF also evaluates smaller numbers such as sundry debtors or inventory build-up to get a sense of the larger business.

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