PMS Bazaar's video: How India s Largest Asset Managers Create Investors Wealth - ASK-PMS SBI-MF IIFL-AIF White oak

You think big, you get big. In the Indian investment space, a clutch of companies manage large swathes of investor wealth that they have created over the years. What is their secret? In an exclusive panel discussion, some of India’s largest asset managers reveal what it takes to grow from zero to hero. The occasion was graced by Mr. R Srinivasan, Head of Equity, SBI Mutual Fund, Mr. Prateek Agrawal, Business Head & CIO, ASK Investment Managers, Mr. Anup Maheshwari, Joint CEO & CIO, IIFL AMC and Mr. Prashant Khemka, Founder, White Oak Capital. The session was moderated by Siddhartha Rastogi of Ambit Asset Mr. Prashanth Khemka, Founder, White Oak Capital White Oak Capital has built a highly differentiated equity boutique managing offshore funds investing into India and is the biggest in the business even though it came late. Explaining the strategy, Mr. Prashant said 80% of assets come from outside India due to his client relationships that he has grown over the years since he managed global emerging markets strategies at Goldman Sachs. All the 22 years of interaction with global investors helped him grow the offshore business at White Oak since there was much greater familiarity among global investors with his style of investments, added Mr. Khemka. Mr. R Srinivasan, Head of Equity, SBI Mutual Funds Today, SBI Mutual Fund is India’s largest mutual fund house. Although the company started its journey about 30 years ago, till about 4-5 years ago the fund-house was not in the top 5 slots. But, SBI MF picked up a furious pace and has outdone everybody in the last few years. Attributing the reasons, Mr. Srinivasan talked about the fact that State Bank of India is a huge distributor for SBI MF. Also, SBI MF has been one of pioneers in passive investments, which today contributes one-fourth of AUM. He also pointed out that his fund-house should have number 1 a few years ago since there was steady pursuit in that direction Mr. Anup Maheswari, Joint CEO & CIO, IIFL AMC IIFL AMC has become the largest distributor and manufacturer of AIFs in the country. AIFs are reckoned as a tough sell in the financial distribution landscape due to the higher Rs 1-cr ticket size. Mr. Anup, who joined the form about two years ago, said that IIFL has a natural advantage since it has over the years built relationships with High Networth Clients and therefore the products designed by the firm are across the spectrum. In the alternate space, which is very different from the traditional mutual fund segment, there are multi-asset solutions in the form of private equity, private credit and it is really an aggregate of all this that IIFL AMC today has catapulted itself to the pole position, Mr. Anup added. Mr. Prateek Agrawal, Business Head & CIO, ASK Investment Managers In just 13 years, ASK Investment Managers has topped the AUM charts, outpacing traditional heavyweights in the PMS business. The lead has grown with every passing month. Elaborating on this, Mr. Prateek said ASK was one of the first acquirers of PMS licence but the journey gained steam when Mr. Bharat Shah joined the group. When Mr. Prateek joined in 2011, the AUM was Rs 1100 crore. One of the key lessons shared by Mr. Prateek is that aspiring professionals must definitely believe that they are the best in terms of solutions offered and this conviction will help when they go to HNI clients for business. Our audience buys when what we do appeals to them, what we offer meets their needs and what we do is the best offering out there, added Mr. Prateek. Subscribe To PMS bazaar For Latest Updates Social Media Links :- Twitter - https://twitter.com/pmsbazaar Facebook - https://www.facebook.com/pmsbazaar/ Linked in - https://in.linkedin.com/company/pmsba... Website - https://pmsbazaar.com/