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Reading takes precedence (but not the thrillers) but largely books that talk about money management and investment ideas (Why am I not surprised??) and the obvious preference for authors remains the Warren Buffets and Nassim Talebs (why am I not surprised?). Shridatta’s curiosity in human psychology and behavioral dynamics is met by Daniel Kahnemann and options for sharing wealth and charity also line his bookshelf in large numbers. Our man knows his way around the kitchen too and if you drop by, he might rustle you a mean Alu sabji, Aurangabad style. Be nice and he might give you some roti too!!! Cricket was a passion growing up but now it’s Tennis and Roger Federer that he watches and idolizes.
A person not in the habit of micro managing or going looking for issues, he is a person who thinks about crossing a bridge once he reaches it and doing so, he has taken some holiday destinations off the usual track. But the one quality that draws him to Shillong, his fave holiday destination, is the serenity and the sublime beauty of the place. Although taking holidays are important, they don’t happen as much as he would wish them.
Yes. Started with Equity Research and so it was natural progression in career.
I started as a FM in July’2016, managing three key funds for the organization Viz. Canara Robeco Bluechip, Diversified and Balance Fund. These three funds have done well over last 3-4 years. When there was a possibility, the organization decided to give me this opportunity as a Head of Equity.
The key thing at Canara Robeco has been focus on underlying businesses. Our consistent focus on Business, Management and Valuation (BMV) has helped us to be in relatively good position over period.
Gold still has some steam left and the growth in prices is likely to continue for the next two years, till economic activity picks up steam.
I think from Indian perspective there is still long way for Index funds to become meaningful. The core reason why active fund managers have lot of scope to generate alpha in India is, the continuous changes that are happening in the index itself. I think until we reach ~5000 dollar per capita country, this economy, sectors and thus indices will keep evolving and this churn is good for ability to generate active returns against index. Flows will clearly create sudden dislocations in index weights for individual securities.