INSUBCONTINENT EXCLUSIVE:
NEW DELHI: As the traditional market gets increasingly regimented amid stiff regulations, alternative asset classes are picking up fast,
both in terms of asset under management and wealth creation.
For the wealthy investors today, if you are not growing at a compounded 20-30
per cent annually, it is not considered good, says Jaideep Hansraj, CEO for Wealth Management and Priority Banking, Kotak Mahindra Bank
He was speaking at a panel discussion at the ETMarkets Global Summit, 2018.
Hansraj, who said his company has experimented a lot with wealth
large portion of portfolio in equity and debt, but they also like to keep play capital with which they experiment to take riskier bets
"It is getting difficult for mutual funds to outperform each other
staying ethical is as important a theme for him as are sustainability and good governance
Shahzad Madon, Head of PMS and AIF at Reliance AMC, said the search for alpha is driving people towards PMS, which is already growing
investment space does not have to become bigger than the MF space
Indian market has shifted to the pre-listing space, Karan Bhagat, Founder, IIFL Investment Managers, begged to differ
Ventures, said the only way to make money is to invest in the India of tomorrow
He said Indian investors lose money largely because they hold capital
the consumer oriented startups, firmly believes the leaders of today will not necessarily be the leaders of tomorrow
falling and awareness is rising
Risk to experiment is much lower than before, he said
tough as a lot of innovation and disruptions happen there constantly.
