Exclusive Webinar : Updates on ICICI Contra Fund & PIPE

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Welcome to AIF & PMS Experts India Pvt. Ltd.

An exclusive webinar was released on YouTube. Mr Anand Shah was present as the webinar guest in this webinar. He is the Head of PMS & AIF Investments at ICICI Prudential AMC Ltd. Like always, Mr Vikas Agrawal, the Founder & CEO of AIF & PMS Experts India Pvt. Ltd., hosted the webinar. The viewers of this webinar would get many interesting and critical insights into the market.

Webinar Overview

  • People will learn the interesting story and journey of Mr Anand Shah. First, he started working as an engineer. Then he started learning about finance and fell in love with it.
  • Mr Agrawal said how the value migration is happening. Many happy mutual fund investors tend to alternate investing like AIF and PMS.
  • In conversation with Mr Shah, you’ll understand how alternate investment opportunities can give more customized portfolio investing.
  • He also highlighted how these entities are doing well in their roles.
  • He discussed how China’s economy continuously influences our global economy.
  • He briefly explained how the Indian manufacturing sector is important for our economy and to compete with China. He showed the rays of hope of generating alpha in this sector in future.
  • They have a fixed team to provide corporate debt opportunities.
  • About but apart from that, there is a long shot there’s a fixed income, there’s a real estate, and others uh within the
  • They believe that more relevant products are there are flex cap and mid-cap. As per Mr Shah, these two categories possess the most potential for the Alpha generation.
  • In 2018 they launched Contra PMS & Pipe. It’s a small to mid-cap product.
  • There’s a philosophy from their end. They believe there are two paths to wealth creation.
  • The price of a stock is a function of EPS and P.E. multiple.
  • The Delta E.P.s is the earnings at 30 or 14 the aggregate level. You’re able to track it.
  • Mr Shah and Agrawal talked about the Indian policies that affect the Indian economy both positively and negatively.
  • Our webinar guest Mr Shah talked about their fund strategies. They have been developing capabilities across the alternate business. They have had a long-only PMS for now more than 20 years.
  • They also have a presence in the real estate alternates business. They have a long shot for the all-right category of alternate investment products under the AIF root. 
  • Mr Shah mentioned about two types of risks associated with investing. These are; known risks and unknown risks.
  • He thought that India could handle known risks like the U.S. recession. Mitigating unknown risks like a pandemic or war could be very challenging.
  • Both of them discussed Gujarat International Finance Tec-City or GIFT city. Our guest briefly said that India could be a global hub for trade.

About AIF & PMS Experts India

We at AIF & PMS Experts strive to create long-term client wealth development while maintaining transparency and trust in governance. Our business and vision rely on our numerous financial boutique products, analytics, and tools. We are very confident about India’s development trajectory. We recognize the importance of investment as the fundamental driver of economic growth. And our founder, Mr Vikas Agrawal, who is immensely passionate about solving business puzzles and identifying company management problems, is a live example of this idea.

Head of PMS & AIF Investments Profile

He possesses a Post Graduate Diploma in Management from the Indian Institute of Management in Lucknow and a B.E. degree from the Regional Engineering College in Surat.

Mr Anand Shah has over two decades of expertise in fund management in the Asset Management sector. Anand will begin working with ICICI Prudential AMC in February 2021. He was previously the CEO of N.J. Asset Management. Prior to this position, he was Deputy CEO and Head of Investments at BNP Paribas Asset Management India Pvt. Ltd. There, he was in charge of investments as well as onshore and offshore mandates sub-advised and sales.

He was the Head of Equities at Canara Robeco AMC Ltd before joining BNP Paribas. He was formerly employed as the Co-Head of Equities at ICICI Prudential AMC Ltd. He was the Kotak Mutual Fund’s Vice President of Investments. 

Investment Philosophy

Contra Fund:
  • According to the ICICI Prudential PMS Contra approach, active management can produce considerable outperformance for our customers in the medium to long run.
  • They want to invest in businesses that may generate a high rate of return on investment by establishing and maintaining a comparative edge in their respective industries.
  • As part of their investment approach, they strive to understand the companies in which they invest; they focus on bottom-up stock selection based on unique, company-specific analysis.

The key exposure of ICICI Prudential PMS PIPE is to small and mid-cap enterprises with a strong economic moat. These might also be firms amid a bad business cycle or a specific scenario. The PIPE strategy generally consists of value investing and strong fundamentals.

Webinar Key Points

  • Suppose there is a business today with a low ROE but the potential to trade at a higher ROE. That’s why we keep investing in every stock we invest in to have a sustainable competitive.
  • If businesses have low-cost access to the raw material, they can sustainably make higher ROE. These businesses have a right to win whichever sustainable competitive advantage to survive the downturn.
  • India has to import energy from foreign countries. It is a concern as it makes India a net importer and has to spend much of its money.
  • China’s present economy is changing, and still, it’s a high competitor, especially from the B2C business model aspect. Though, India has the potential to beat it.
  • Perhaps, the upcoming year is more like the year of stock picking rather than exploring, as the guest expressed his assumption. It might be the case, at least for the first several months.
  • Equity investing might be risky, but not investing in equities is risky.

Parting Note

If you are interested in equity investing and participating in India’s growth story, you can consult with experts for you. In this regard, you can find an experienced team of experts at AIF & PMS Experts India Pvt. Ltd. You can reach us through any of the numbers: 8368586435, 800 210 1995 and 020-48627339.

You may also email us at [email protected] and visit our official https://aifpms.com/contact/

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