Here’s how Union AMC equity funds more than tripled under the guidance of Vinay Paharia
Before joining Union AMC, Vinay Paharia worked with Invesco Asset Management (India) Private Limited as Fund Manager - Equity.
Vinay Paharia started his career as a research analyst. Today, he holds the position of Chief Investment Officer (CIO) at Union Asset Management Company (AMC) Private Limited.
Before joining Union AMC, Vinay Paharia worked with Invesco Asset Management (India) Private Limited as Fund Manager - Equity. He was also associated with DBS Cholamandalam AMC, K. R. Choksey Shares and Securities Pvt Ltd and First Global Stockbroking Pvt Ltd as an Equity Research Analyst.
In nearly four years of joining Union AMC, the AMC’s equity funds more than tripled, which is no mean feat.
So, what changes did the CIO make to achieve this feat?
In the capacity of the CIO, Vinay looks after setting up and managing the investment process. In an interview with Value research, the CIO revealed that he made several changes in the AMC’s systems and processes in the investment function which enhanced their robustness. In this new system, every member has an objective that is collectively tied to the performance of all the schemes of the fund house.
As per Paharia, the key driver of the AMC’s success as a fund house is having an intelligent and motivated team working together towards a common objective of investor wealth creation.
Speaking about the lessons learnt so far, the CIO thinks of stock markets as a temple of learning for a capitalist. He believes that an individual can spend a lifetime in markets and still keep learning something new every time.
Over the years, as a fund manager, he has learnt to respect the markets and accept a variety of investment philosophies and methods, such as quantitative techniques in investment. As per him, an individual should not be arrogant and rigid. Rather, he should be flexible and open to learning.
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