Wealth Forum Tv

Popular new CEO wants to take successful alpha shop into the retail worldRaghav Iyengar, 360 One Asset Management, Mumbai

Share this Video :
More From :fund talk
Video Summary
Read in
  • English

Raghav comes in as CEO of 360 One AM to leverage its considerable investment management strengths and brand equity in the HNI space to build out equally robust mass affluent and retail franchises.

While 360 One has around Rs.12,000cr in MF AuM, it has an equal amount in PMS and AIFs – which together with its institutional mandates amounts to an AuM of over Rs.40,000 crs in public equity. Add an equal amount in private equity and private credit – which brings overall AuM to overRs.80,000 cr (US$ 10 Bn).

Expect to see a round of branch expansions as Raghav enhances distribution reach. Product launches will continue to be investments team led – which currently see greater opportunity now in the hybrids space given where equity valuations are.

Expect to see a multi asset fund launch soon which promises to be truly multi-asset.

Raghav is optimistic about Investment Strategies – the new asset class flagged off by the regulator. He sees over time the product pyramid evolving as follows: mutual funds for retail; investment strategies for mass affluent; AIFs for HNIs and managed accounts (the likely future avatar of PMS) for corporates and family offices.

Raghav believes the key priority for MFDs now is to not only manage soaring client expectations but also actively moderate risk in client portfolios.

He believes this is the time for MFDs to open up their minds to scale they had never imagined possible – it is only when you do this that you will start exploring and embracing digital solutions that allow you to truly scale up.

And finally, use this phase of super normal profits aided by a prolonged bull market to reinvest in and strengthen your business – and don’t get complacent with growing income and take your eyes off new client acquisition. Stay hungry – that’s the only mantra to stay ahead.


Share your comments
(Type INV if you are an investor)
Comments Posted
DEBRAJ SENGUPTA ARN NO :ARN-38509 Kolkata, 25 Oct 2024

Quite interesting discussion about the next BIG idea

K.V.R.Krishnama Charyulu ARN NO :14024 Individual Hyderabad , 06 Oct 2024

Excellent. Keep posting such information Thanks & Regards

Mohsin Bijepuri ARN NO :33913 Chennai , 06 Oct 2024

From the international side, India is a Small Cap. People still chase ₹10 NAV. It’s been a year of Power Thematic. Hybrid category is attractive as current valuations are not attractive. Healthcare is an attractive area as it’s well spread. Unregulated entities are playing havoc with hard earned money. Separate funds can be thought of for the young risk comfortable investor. PMSes today are looking somewhat like MFs now & may get some innovation done. The mandate is yo get more visibility & higher distribution. Aiming to be a one stop shop for distribution partners. Investors have to taper down expectations. STPs have to be thought of in addition to SIPs. Hunger to go out & get new customers is lacking as business has been easier to get. Think more in terms of Accumulation of Units rather than just AUM growth. Definitely a great learning conversation from Raghav.

Copyright 2017   All Rights Reserved.Wealth Forum Ezine