Managing 1,00,000 Crores AUM | Learn to Invest like a Pro | Ep22: Kalpen Parekh, DSP Mutual Fund

30 years of investing wisdom distilled into one conversation of The India Opportunity Show!

Hello everyone, welcome to The India Opportunity Show where you get a front-row seat to people building India’s future. We talk about unlocking the potential of the country with founders, investors, creators, and successful leaders from different fields to bring you real-life stories and behind-the-scenes of what it takes to be at the forefront of building the India Story.

The 22nd episode of The India Opportunity Show is out now! You can watch it on YouTube or listen to it on Spotify or Apple Podcasts.

Our guest today is Kalpen Parekh, MD & CEO at DSP Mutual Fund, an asset management firm that has over 1 Lakh Crores Assets under Management. He was previously Managing Director at IDFC Mutual Fund. Kalpen’s journey is super interesting because he has literally seen the mutual fund industry grow from scratch to now over 61 Lakh Crores. Kalpen started his career at L&T Finance and has worked at ICICI Prudential and Birla Sun Life previously. I’m excited to deep dive with Kalpen today on the evolution of this giant industry in India. We talk about various different aspects of the wealth management industry such as technology adoption, IPOs, lessons from investing, behavioural insights and so much more! Thrilled to have the opportunity to share Kalpen’s story with all of you today!

Takeaways

• Understand the problem statement of consumers and design products that meet their needs.

• Technology has enabled access to millions of investors, but responsible adoption is crucial.

• Focus on portfolio construction, risk management, and long-term thinking in investing.

• Evaluate companies based on profitability and capital efficiency. Invest in great companies with a track record of integrity, shareholder rewards, and consistent return on equity.

• Quantitative analysis and data-driven decision-making are essential in evaluating management and business performance.

• Be cautious when investing in new age IPOs and conduct thorough research and due diligence.

• Simplicity and minimalism are key in portfolio creation and asset allocation.

• Continuous learning and surrounding oneself with talented individuals are crucial for personal and professional growth.

• Kindness and support from mentors and colleagues can have a profound impact on one's life and career.

Chapters

00:00 Early Career and Mutual Fund Category Creation

08:47 Technology Adoption in Wealth Management

15:12 Portfolio Construction and Risk Management

21:52 Evaluating Companies: Profitability and Capital Efficiency

38:43 Investing in Great Companies

39:40 Quantitative Analysis and Evaluation

45:27 The Changing Landscape of the Stock Market

50:53 Caution in New Age IPOs

56:55 Simplicity and Minimalism in Portfolio Creation

01:04:43 Personal Drive and Continuous Learning

01:09:02 The Impact of Influential Books and Acts of Kindness

Follow Kalpen here: LinkedIn

Follow Shrishti here: LinkedIn Twitter

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Disclaimer: The content presented in this podcast is for informational purposes only and should not be considered financial advice. Viewers are encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions.