Live & Exclusive: CIO panel commences on Maximising Alpha in the age of alternates and indexing

R Srinivasan, SBI MF: I think that market timing is overrated

Sankaran Naren, CIO, ICICI Prudential MF: Not a lot of money is going in debt 

"...because everyone believes why invest in debt when equities are doing well. That behaviour is a risk." he adds. He also says that the entire PMS and AIF industry has grown during bull markets, and we will have to see whether it lasts one good correction

Neelesh Surana, Mirae Asset: Our main job is to beat benchmark

"Second, to give better returns than peers. Third, is absolute returns. There is enough leeway given by the system to take risks in investments" he says. How active one fund house should be is a function of the risk management of the fund house according to Surana. 

Anoop Bhaskar, IDFC MF: In the last few years, alpha generation has come in IPOs

"Alpha generation is becoming more and tougher. In the last few years, markets have become very flat. It is not easy to find an HDFC Bank, like we did in 2008. Over the last 5-7 years, the market was flat. If you missed out on some pockets that have done well, then making alpha is difficult." He adds.

Neelesh Surana, CIO, Equity, Mirae Asset MF: Mutual fund is 8% of the industry and retail is 8%

"If you look at largecap category on a 10-year basis, median or the 80% funds are outperforming, the only problem is last 5-7 years" he adds. 

R Srinivasan, Head equity, SBI MF: Being a contrarian in the short term helps to create alpha

"...beyond that you don't need to be a contrarian." he says.

S Naren, ICICI Pru MF: We decided on focusing on hybrid funds

"That gave us liquidity. In March 2020, we could buy Rs 10,000 crore of stocks." he added. Each fund manager has to choose what kind of style works. He further added "I enjoy being a contrarian. Every PSU is going up at the rate of 10%. About 10 years back I was asked will PSUs go up by anyday."

CIO panel commences on Maximising Alpha in the age of alternates and indexing

Answering the question of "Can Active funds truly deliver superior returns?" 

Sonu Sood: Earlier I used to think that life was about light, camera and action, but in the last two years I realized that it is only about actions

"I realised that when you give back to the society and invest in someone else's life, that's the real investment and the best return you get." he adds. 

Actor Sonu Sood speaks on investing in giving back

Don't keep your investment ideal, use it to create short term liquidity: Krishna Kanhaiya

Fireside chat commences with Krishna Kanhaiya, CEO, Mirae Asset Financial Services about loans against Mutual Funds