Suresh Soni, CEO, DHFL Pramerica Asset Managers, on the current markets trend he visualizes, what lies ahead and more.
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NewsTranscript
00:00 I think on the industry we have probably spoken a fair bit and if you want to speak about
00:16 how is our team organized or what are our best products, we can probably try to talk
00:20 about that.
00:21 That could be another part that you can do.
00:22 As a fund house, we have now with this acquisition, we believe we offer a complete suite of products
00:30 for our investors.
00:32 What is heartening in fact for us in terms of the performance for last year or as I look
00:36 at the platform right now is not only in terms of AUM growth, but in terms of number of products
00:41 which are doing well on our platform across equity as well as fixed income platform.
00:46 Our equity fund, flagship equity fund for example, large cap fund has now completed
00:51 13 years of investments and over the last 13 years, the value of the fund or the NAV
00:59 of the fund has probably grown about 14 times.
01:01 We have done a compounding for investors of about 21% CAGR versus let's say NIFTY of about
01:07 15%.
01:08 Now that's almost a 6% outperformance compounded over more than a decade and that's the power
01:16 of longer term investment or that's the power of a discipline process.
01:21 As a firm, what we have been able to put together is a very experienced team of professionals
01:27 both on the equity and fixed income platform.
01:29 Our fixed income platform again is doing fairly well.
01:32 We have a number of products which would certainly be in the top performing products across multiple
01:38 let's say analytical agencies which look at mutual funds.
01:42 I would urge the investors to look at our platform and make themselves aware about some
01:48 of these products and then make their choice either by their own volition or definitely
01:54 by consulting their financial advisor.
01:56 [Music]