Exclusive: Moneycontrol's Mutual Fund Summit 2022 concludes

The live blog session has concluded. For more news, views and updates, stay tuned with Moneycontrol.com.

Chef Vikas Khanna: I figured out that there is no investment without a consumer

"If we want to make India a much bigger brand, we need to find ways to invest in our artists" he adds.

Fireside chat commences by Michelin Star Chef Vikas Khanna on investing in a billion aspirations

Rajiv Shastri, Associate Director & CEO, NJ MF: Anyone who tries to make asset management business exciting is bound to fail

Sundeep Sikka, Nippon Life India AMC: There's nothing called new or old asset manager.

"MF business is a simple business and the most difficult thing in a simple business is execution. Anyone who could execute it well has been able to scale up the business." he says

G Pradeep Kumar, CEO, Union AMC: You can't be consistently above average by taking cash calls

"If we are expected to be consistently above average, we have to be in the market." he adds.

Sundeep Sikka, Nippon Life India AMC: Mutual fund industry was built on the backdrop of alpha

Rajiv Shastri, Associate Director & CEO, NJ MF: India is a difficult market to be in

He says, "We are not looking at a product centric approach but a philosophy centric approach." According to him, there's enough opportunity for everyone and more.

Sundeep Sikka, Nippon Life India AMC: The most difficult thing to do in this simple industry is to 'execute'

"Opportunity is big. The key lies in execution and anyone who executes has been able to scale up." he added.

New fund houses panel commences on overcoming the challenge of differentiation and scalability.

R Srinivasan, SBI MF: We like industrials even though it is expensive

"We will sit through the underperformance because we don't have the liberty to go out and come in." He adds.

R Srinivasan, SBI MF: I think that market timing is overrated

Sankaran Naren, CIO, ICICI Prudential MF: Not a lot of money is going in debt 

"...because everyone believes why invest in debt when equities are doing well. That behaviour is a risk." he adds. He also says that the entire PMS and AIF industry has grown during bull markets, and we will have to see whether it lasts one good correction

Neelesh Surana, Mirae Asset: Our main job is to beat benchmark

"Second, to give better returns than peers. Third, is absolute returns. There is enough leeway given by the system to take risks in investments" he says. How active one fund house should be is a function of the risk management of the fund house according to Surana.

Anoop Bhaskar, IDFC MF: In the last few years, alpha generation has come in IPOs

"Alpha generation is becoming more and tougher. In the lastfew years, markets have become very flat. It is not easy to find an HDFC Bank, like we did in 2008. Over the last 5-7 years, the market was flat. If you missed out on some pockets that have done well, then making alpha is difficult." He adds.

Neelesh Surana, CIO, Equity, Mirae Asset MF: Mutual fund is 8% of the industry and retail is 8%

"If you look at largecapcategory on a 10-year basis, median or the 80% funds are outperforming, the only problem is last 5-7 years" he adds.

R Srinivasan, Head equity, SBI MF: Being a contrarian in the short term helps to create alpha

"...beyond that you don't need to be a contrarian." he says.

S Naren, ICICI Pru MF: We decided on focusing on hybrid funds

"That gave us liquidity. In March 2020, we could buy Rs 10,000 crore of stocks." he added. Each fund manager has to choose what kind of style works. He further added "I enjoy being a contrarian. Every PSU is going up at the rate of 10%. About 10 years back I was asked will PSUs go up by anyday."

CIO panel commences on Maximising Alpha in the age of alternates and indexing

Answering the question of "Can Active funds truly deliver superior returns?"

Sonu Sood: Earlier I used to think that life was about light, camera and action, but in the last two years I realized that it is only about actions

"I realised that when you give back to the society and invest in someone else's life, that's the real investment and the best return you get." he adds.

Actor Sonu Sood speaks on investing in giving back

Don't keep your investment ideal, use it to create short term liquidity: Krishna Kanhaiya

Fireside chat commences with Krishna Kanhaiya, CEO, Mirae Asset Financial Services about loans against Mutual Funds 

Harsh Roongta, SEBI register investment advisor, during discussion on ‘Financial influencers: Democratisation or dilution of advice’

Traditional participants were not telling the people enough, says Pranjal Kamra, financial influencer

This is how we gained the trust of people by showing another side of finance, he added.

Social media has democratised the process of investments, says Kalpen Parekh, DSP MF

- Consumers need to use their sense before investing money on the basis of just finfluencers.

- Always show risk first, everything else will follow.

- Investors should not be swayed by over optimism. Risk is less fashionable.

- Would love to learn how to make risk-based communication entertaining.

Finfluencers have democratised the investment advisory space but there should be disclaimers that make sense, says Harsh Roongta, SEBI register investment advisor

The Advisor’s Panel commences discussion on ‘Financial influencers: Democratisation or dilution of advice’

The consolidation has largely been able to happen due to superlative solutions, says Sreekanth Nadella, MD & CEO, KFin Technologies

One cannot look at the performance of funds in past 1 year or 6 months, says Neil Parikh

We will launch new funds, but it has to make sense to investors, says Neil Parekh, CEO, PPFAS MF

One of the challenges is to make sure investors have correct mindset and manage their expectations.A lot more communication needs to be done, he says.

“You can profitable even if you run few schemes,” he adds.

Moneycontrol’s Kayezad E Adajania moderating the CEO’s panel on the MF industry

Journey of building a profitable AMC if you are starting late is a difficult one, says Radhika Gupta, CEO of Edelweiss AMC 

“Costs of talent and compliance are going up, margins are going down,” she adds.

She saysyounger talent is more impatient and mobile.

On equity side, almost 90% of funds is from retail investors, says Navneet Munot

Innovation in this industry has been the 'Mutual fund sahi hai' campaign, says Navneet Munot, MD & CEO, HDFC AMC

Mutual fund deposits have shrunk as percentage of bank deposits. So there is immense potential to grow.The big focus is how do we get more and more investors to understand the power of compounding long term investing, he added.

Challenge is adding new value to mutual funds while opportunity is reaching out to 140 crore India, says Nilesh Shah, MD, Kotak AMC

However, the biggest challenge for mutual fund is to add value to customer, he adds.

The CEO panel discussion begins on the theme ‘Opportunities and challenges for MF industry to reach Rs 100 trillion from Rs 40 trillion'

Very often we forget that regulation is useless if there's no adequate enforcement, says Usha Thorat

“We have seen at retail level, you go into a bank to open a fixed deposit but walk out with an insurance policy or mutual fund scheme,” she says.

Usha Thorat giving her keynote address at MC’s first-ever MF Summit

Have suggested holding periodic conferences with these independent directors, Usha Thorat says in her keynote address

"It is the role of independent directors to ask the right questions so that possible sources of conflicts of interest are addressed," she says.

Household investments in mutual funds have grown at over 32% CAGR, says Usha Thorat

Key points from her speech:

- The number implies our fiduciary responsibility is now more important

- ETFs and index funds are ideal for retail investors

- But these products also have shortcomings like gap in pricing and NAV

- There is a need for better clarity on the role of trustee in a AMC

Moneycontrol Mutual Fund Summit 2022: Keynote address commences by Guest of Honour Usha Thorat, Chairperson of the SEBI Mutual Funds Advisory Committee & Former RBI Deputy Governor

"Household investment in mutual funds have grown at over 32% CAGR. The number implies our fiduciary responsibility is now more important" she says.

SEBI regulations mandates that mutual fund product should be true to its label says Ananta Barua

"Our main thrust is that there should not be any mis-selling." He adds that one key area of the thrust of Sebi is that mutual funds should address all types of risk that they face, and risks have been divided into the scheme level and the fund level.

Moneycontrol Mutual Fund Summit 2022: Keynote Address commences by Chief Guest Ananta Barua, Whole Time Member, SEBI

"There is a lot of thrust by Sebi that there areno asset management liabilities and mutual funds are required to meet redemption obligations" he says.

There has never been a better time to talk about the future of the Indian Mutual Fund Industry: Binoy Prabhakar, Editor, Moneycontrol

Next one year is time for gold, says Pankaj Mathpal of Optima Money Managers

He says that sovereign gold bonds, and gold ETFsare good choice. "Equity has always yielded better returns for me: he adds as his investment mantra.

Moneycontrol Mutual Fund Summit 2022: Marzban Irani, CIO LIC Mutual Fund shares his two cents

He says that investors should look at investing in fixed income funds in 2023. His Investment mantra: SLR. Safety, Liquidity and Returns. "Once you make money, share your wealth with others" he adds.

Moneycontrol Mutual Fund Summit 2022: We are on the brink of debt cycle turning: 'Yours Financially' Author Kalpesh Ashar

He suggests that we give prominence to equity in asset allocation in 2023 and Invest in companies that we understand

Moneycontrol Mutual Fund Summit 2022: Vishal Dhawan of Plan Ahead Advisors talks about his Money Mantra

"India has outperformed this year but rebalancing your portfolio will be key in next year. The Money mantra is to have a mix of active and passive strategies",Vishal Dhawan of Plan Ahead Advisors said

Moneycontrol Mutual Fund Summit 2022: Vishal Dhawan of Plan Ahead Advisors talks about his Money Mantra

"India has outperformed this year but rebalancing your portfolio will be key in next year. The Money mantra is to have a mix of active and passive strategies",Vishal Dhawan of Plan Ahead Advisors said