BFSI Summit highlights: Investor education on risk and asset allocation crucial, says Ananth Narayan

BFSI Insights Summit Day 3 highlights: The summit, scheduled from October 29 to 31, will bring together top policymakers, CEOs, and industry experts for a series of keynote addresses, fireside chats

5:06 PM

Investor education about risk and asset allocation is extremely important: Ananth Narayan

Ananth Narayan stated that sustained investor education is necessary to ensure the long-term growth of India’s capital markets. “Do not kill the goose that lays the golden eggs,” he said.

4:58 PM

BFSI update: Ecosystem depends on derivatives for revenue, says Ananth Narayan

Sebi is working with the RBI to simplify paper works for investors, Ananth Narayan said at the BFSI Summit today.

4:54 PM

We need good mix of practitioners to analyse type I and type II errors, says Ananth Narayan

4:49 PM

Data show retail investors were losing more than reasonable levels: Ananth Narayan

Ananth Narayan, former whole-time member, Securities and Exchange Board of India (Sebi), said there was sufficient data to indicate that retail investors were losing more than what could be considered reasonable.

4:37 PM

Social media has increased awareness about investing among youth: Amisha Vora, chairperson, PL Capital Group

4:22 PM

Flows alone don’t determine investor returns: Nippon AMC's Sailesh Raj Bhan

4:18 PM

Robust IPO activity has helped stabilise equity valuations: ICICI Prudential AMC's Naren

Sankaran Naren, Chief Investment Officer of ICICI Prudential AMC, said that if initial public offering (IPO) fundraising had not occurred at an elevated pace, the equity market would have faced a far tougher situation in terms of valuations.

4:03 PM

Corporate earnings growth should pick up: CIO, Aditya Birla Sun Life AMC

"Consumption, which was lagging, should get a boost due to GST cuts. Banking sector liquidity has also eased. Hence, corporate earnings growth should pick up, says Aditya Birla Sun Life AMC Chief Investment Officer (CIO) Mahesh Patil.

3:56 PM

India has significantly underperformed global markets: ICICI Pru MF’s Sankaran Naren

Sankaran Naren, chief investment officer at ICICI Prudential Mutual Fund, said India has now “meaningfully underperformed all the markets in the world,” highlighting the need for investors to take a more measured view of current valuations and growth expectations.

3:52 PM

Real growth lies beyond Nifty100 and Nifty200 firms: Bandhan MF’s Gunwani

Manish Gunwani, head of equities at Bandhan Mutual Fund, said he remains cautious on large-cap earnings. “This is more of a small-cap market,” he stated. 

3:42 PM

India’s muted equity participation sets stage for next rally: Franklin Templeton’s Shyamsunder

Global equities are witnessing a rally, but India’s relatively muted participation reflects the impact of last year’s strong performance and a lag in earnings, said Hari Shyamsunder, vice-president and senior client portfolio manager at Franklin Templeton. “The good news is that the extent of disappointment is narrowing, setting the stage for the next catalyst,” he added.

3:21 PM

BFSI update: Valuations have somewhat corrected, but not enough, says Marcellus Investment's Pramod Gubbi

3:15 PM

BFSI update: All IPOs in which VCs and PEs are making an exit, please be wary of them, says Sharma

3:01 PM

The big bet in the markets will be on tech, says Shankar Sharma

2:51 PM

Too soon to predict AI’s full impact on financial services: Shankar Sharma

“AI is still too new for us to form any definitive conclusions on whether it will fundamentally reshape financial services,” said Shankar Sharma.

2:46 PM

AI is still too new for us to conclude whether it will reshape financial services in a big way: Shankar Sharma

2:31 PM

AI enables me to take smarter, diversified bets: Shankar Sharma

AI gives me a breadth and scale of opportunity that would be impossible to achieve manually, even with a team of people, said Shankar Sharma. "With AI, I can simultaneously take a large number of small bets and a small number of large bets,” Sharma added.

2:27 PM

AI has transformed 90% of my investing approach: Shankar Sharma

My investment strategy has shifted from a traditional approach to being nearly 90 per cent data-and AI-driven, Shankar Sharma stated. “AI offers a breadth and scale of opportunity that would be impossible to achieve manually, even with a team of people.”

1:05 PM

India has not lost out to US, China in the AI race: Mark Matthews, managing director, Julius Baer

"The danger in the AI story is the amount of money being invested. Over the next 3 years, top five global companies will invest $1.1 trn in AI. Which is dangerous given the rate of return," Mark Matthews said.

12:51 PM

India responds very positively to setbacks: Mark Matthews, managing director, Julius Baer

12:47 PM

US tariffs will end up being a positive for India, says Mark Matthews, managing director, Julius Baer

12:31 PM

India must revive farm reforms to lift 200 million farmers out of poverty: Ridham Desai

“The farm reforms proposed a few years ago were both bright and necessary. We need to lift our farmers out of poverty; otherwise, the remaining 1.1 billion people who don’t depend on farming will race ahead, and the 400 million left behind will become a problem for society,” Ridham Desai said. 

12:20 PM

India’s equity market will shine in next bear cycle: Ridham Desai

“The most proximate reason why India has not done well this year is because we’ve been in a raging global equity bull market, and India is essentially a consumer staple stock. Consumer staples don’t perform well in such cycles. But when the next bear market arrives, India will flourish,” Ridham Desai, managing director, Morgan Stanley India, stated.  

12:19 PM

India’s equity market is far more resilient to global capital flows than before: MD, Morgan Stanley

India’s equity market has become far more resilient to global capital flows than it once was, Ridham Desai, managing director, Morgan Stanley India, said  “We are not as dependent on global capital market flows as we used to be. Today, India’s beta is 0.4 -- it’s a quintessential defensive market,” he stated.

12:01 PM

Tax holiday should be extended to GIFT city for at least 15-20 years, says Tushar Sachade

"Giving long term certainty to businesses (in GIFT) in terms of tax holiday would be important and there is a case for extending that to at least 15-20 years, says Tushar Sachade, partner, PricewaterhouseCoopers.

11:53 AM

Digital ecosystem key to expanding and educating Mutual Funds investors, says Sid Swaminathan

11:45 AM

Debt market under-represented in mutual funds, but poised for growth: Vetri Subramaniam, UTI AMC

“We have seen a lot of growth coming from the equity side over the last five years, but the fixed income portion has not grown. The debt market is under-represented in mutual funds. There have been multiple factors behind this, but it remains a significant avenue for future growth. It may require some intervention and policy changes. I remain very optimistic about the growth trajectory ahead.” Vetri Subramaniam, chief executive officer-designate of UTI Asset Management Company, stated.

11:37 AM

Several global firms, including Silicon Valley companies, exploring IPOs: NSE International Exchange CEO

V Balasubramaniam, managing director and chief executive officer of NSE International Exchange, said, “We have all Indian derivative products available with us, but we currently lack Indian equity products. Many companies, including some from Silicon Valley, are in touch with us for potential IPOs.”

11:29 AM

Mutual fund industry must lower ticket sizes, scale fixed income assets: UTI AMC CEO-designate

The mutual fund industry has a strong runway for growth, Vetri Subramaniam, CEO-designate of UTI Asset Management Company, stated. “The task ahead for the industry is to bring down the ticket size and scale up fixed income assets,” he said.

11:21 AM

Mutual fund industry must do much more to deepen its penetration: HDFC AMC CEO

Navneet Munot, managing director and chief executive officer of HDFC Asset Management Company (AMC), said the mutual fund industry must do much more to deepen its penetration. “The industry has done phenomenal work over the years. Many funds have delivered consistently over the last 25–30 years. We take deep pride in being one of the most transparent industries,” he said.