In a recent post on social media platform X, Edelweiss Mutual Fund CEO Radhika Gupta called out on an analysis by a leading business media news platform.
She wrote, “I am disappointed to see this false conclusion that "Indian fund managers aren't experienced" based on a strange analysis.”
Radhika Gupta bashes media report
Tagging the post by the popular news platform Mint titled “Many Indian Fund Managers Aren't Too Experienced: Here's How To Ensure Your Money Is In Safe Hands” the Edelweiss boss remarked the analysis was “terribly biased” for young AMCs who might have hired experienced Fund Managers but don’t have any schemes with track records.
She explained, “The method here is not years of experience of the FM, but with a scheme.”
Commenting on the Mint’s report, she asked, “Can you write, Indian FMs have not spend too much time with the same scheme?”
“If I hire a CIO with 25 years of experience who has managed my scheme for 3 years, what should matter to the investor? 25 or 3.” she added.
She elaborated that many fund managers in the industry manage short-term debt funds or passive funds which should be excluded from such analysis.
“You don't want very experienced managers there, otherwise you get costs,” she opined.
Gupta shared her belief that most AMCs have experienced CIOs with over 20 years of experience managing markets, portfolios and liquidity over cycles, and experienced CEOs as well.
“We are a large industry managing a lot of money well for crores of investors,” the CEO said. “Let's not use data to draw conclusions that scare people. Markets already give us enough drama :)” she concluded.
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