At a time when small-cap stocks are volatile and valuations remain a subject of debate, a new entrant in the mutual fund space is betting big on disciplined stock-picking and promoter quality. Madhu Lunawat, founder of The Wealth Company Mutual Fund, believes the real opportunity in small caps lies beneath the index, where careful selection, not market timing, drives returns. In an interaction with Thefynprint, she talks about his journey from investment banking to asset management, his investment philosophy, and why India continues to offer a compelling long-term growth story.