Active Investing Vs Passive Investing during Bharat’s Amritkaal Period by Manoj Bahety, CFA | Mumbai
- July 19, 2024
- 7:00 PM- 9:00 PM IST
- LSEG Mumbai
CFA Society India is delighted to extend an invitation to you for a session featuring Manoj Bahety, CFA, Founder – Carnelian Asset Management and Advisors. Manoj will be addressing the intriguing topic of “Active Investing Vs Passive Investing during Bharat’s Amritkaal Period”
Why Active investing should be preferred over Passive:
- Passive investing fails to capture underlying transformation happening in the economy.
- Passive investors lag active investors and thus fails to capture initial period of wealth creation
- Passive investing is momentum investing essentially and misses huge alpha creation opportunity
(INR 1 crore compounding for 30 years at 15% p.a. results in a corpus of ~INR 66cr. However, with just ~3% higher returns p.a., the corpus explodes to ~INR 143cr (>2x at the end of 30-year period).)
Active Investing in Bharat’s AmritKaal
- India is likely to quadruple its share in Global GDP and 8x increase in its GDP
- India has undergone major tectonic shifts
– Changing mindset – “Incremental” to “Exponential” thinking
-Non-constraint environment – Building capacity at unprecedented scale
– Finding own unique “Best in class, innovative & technology driven solution” – No more looking to the west for solutions (DBT, Covid 19 vaccine, space mission, ONDC, UPI, GST, physical infrastructure of global scale & many more
- India is developing speed, strength and scale delivery at low cost (world leading ROE, Fastest growth and low leverage)
- Emerging mega trends (can be captured by active investing)
– Office to the world
– Factory to the world
– Digital hub of the world
– Consumption boom
– Sustainability
– Global influencer
- How is Index positioned today to capture these sectors
– Interestingly, representation of the above pockets is not at all captured in the adequate manner in the Nifty-50 and Nifty-500 indices
– It is only by taking an active call that an investor will be able to participate in the incremental value creation sectors
Is active investing worth the efforts?
EVENT DETAILS:
DATE: Friday, 19th July, 2024
TIME: 7:00 p.m. to 9:00 p.m. (Registration begins at 6:30 p.m.)
VENUE: LSEG Mumbai, 12 F, Tower 1 C, One World Centre, 41 Senapati Bapat Marg, Elphinstone, Lower Parel, Mumbai. Maharashtra – 400013
REGISTRATION:
CFA Society India Members: 500 (refundable on attendance)
Currently Registered CFA Candidates: INR 750 (all inclusive)
Passed Level III of the CFA® Program: INR 1000 (all inclusive)
Others: INR 1500 (all inclusive)
Manoj Bahety, CFA
Manoj Bahety brings nearly 27 years of extensive experience in the financial services industry. Most recently, he served as the Deputy Head of Institutional Equity Research and Head of Forensic, Thematic, and Mid-Cap Research at Edelweiss Securities. Manoj is renowned for his non-consensus research and has pioneered differentiated forensic research, popularly known as "Analysis Beyond Consensus" (ABC research). This innovative approach has empowered investors globally to make informed investment decisions based on true numbers instead of reported figures, thus helping them "avoid pitfalls" – one of Carnelian’s key virtues. In addition to his professional achievements, Manoj has actively contributed to the CFA Institute. He has represented several committees, including serving as the Chairperson of the India Advocacy Committee and as a member of the US-based Global CDPC Committee.
2 PLCFA Institute members can claim PL credit by providing their CFA Institute ID number when registering. |
 Global Passport Accredited Programme Allows members of participating CFA societies to attend each other's society events at the local member price |