Siddhartha Bhaiya is an Indian PMS fund manager[1] and the founder of Aequitas Investment Consultancy,[2][3] an investment management firm based in Mumbai, India.[4][5] He serves as the managing director and chief executive officer of the company.[5]
Siddhartha Bhaiya | |
|---|---|
| Born | |
| Nationality | Indian |
| Alma mater | The Institute of Chartered Accountants of India |
| Occupation | Financial professional |
| Known for | Founder of Aequitas Investment Consultancy |
Career
editBhaiya began as a research analyst at Sushilfinance. He then held positions at various organizations, including Stratcap Securities, Principal PNB AMC, and Reliance Capital Asset Management (RCAM).[6] He also worked as a fund manager at Nippon India Mutual Fund.[7]
In 2012, he founded Aequitas Investment Consultancy in Mumbai,[8][9] where he is the managing director and CIO.[10][11] In 2019, the company announced plans to launch a Category-III Alternative Investment Fund (AIF).[12] In 2022, the company topped the charts of Barclay Hedge Emerging Markets, Asia Rankings, based on the Compound Annual Return.[13][14][15][16]
Bhaiya was also a speaker at the PMS AIF World event[17] and invited to participate in a panel discussion at the Indian Business and Professional Council (IBPC) Kuwait event titled 'India – World's next growth engine,' held at Jumeirah Beach Hotel, Kuwait in December 2022.[18]
Bhaiya is a frequent commentator on market trends and investment strategies[3][19] on news channels like Times Now,[20] BT TV,[9] CNBC TV18.[21]
Mirror trading controversy
editSiddhartha Bhaiya had alleged that a broker engaged in mirror trading while executing trades for the fund. Mirror trading involves replicating real-time trades executed by another individual. In 2023, a complaint was lodged with the Securities and Exchange Board of India (SEBI), alleging front running. Following the complaint, SEBI initiated an investigation. The accused broker opted for a settlement that included a fee of 45.99 lakh. SEBI's order on July 5 concluded that while front-running wasn't substantiated, the broker's actions violated specific provisions of the Prohibition of Fraudulent and Unfair Trade Practices (PFUTP) Regulations.[5]
References
edit- ^ Agarwal, Nikhil (2023-01-12). "World Bank's recession warning: Should equity investors be fearful now?". The Economic Times. ISSN 0013-0389.
- ^ "How Siddhartha Bhaiya is Turning Rs 1 Cr Investment Into Rs 13 Cr". News18. 2022-12-21.
- ^ a b "We have been in bear market for some time now; it's going to be tough: Siddhartha Bhaiya". The Economic Times. 2023-01-29. ISSN 0013-0389.
- ^ "Higher risk for higher returns: The top midcap and smallcap PMS stocks to bet on". Moneycontrol. 2023-01-16.
- ^ a b c Mascarenhas, Rajesh (2023-07-27). "Settlement with Sebi in 'mirror trading' case sparks a debate". The Economic Times. ISSN 0013-0389.
- ^ "Once Upon A Time - When History Didn't Repeat Itself" (PDF). www.brokersforumofindia.
- ^ "Meet India's Warren Buffet in Offing - Hello Entrepreneurs". 2023-08-31. Retrieved 2023-09-09.
- ^ "Nifty Midcap index at record high: 10 stocks that rewarded the MF investors". Moneycontrol. 2023-06-21.
- ^ a b "Up to 100x returns! Meet this Mumbai-based fund manager who turned Rs 1 crore to Rs 13 crore". Business Today. 2022-12-20.
- ^ Sreedhar, Vidya (2023-07-06). "ETMarkets Fund Manager Talk-This fund manager sees value in 3 sectors as domestic growth prospects strong". The Economic Times. ISSN 0013-0389.
- ^ "Same formula, strong market returns? Not possible, says Aequitas' Siddhartha Bhaiya". Business Today. 2023-01-09.
- ^ "Portfolio management firm Aequitas set to launch Category-III AIF". VCCircle.
- ^ Aequitas Investment Consultancy's Top Bets In Current Juncture: Talking Point, retrieved 2023-09-09
- ^ "Top 30 PMS strategies that made big money for ultra-rich investors in 2021". Business Today. 2022-01-12. Retrieved 2023-09-09.
- ^ "These 8 PMS managers delivered over 50% returns to rich investors in 1 year". Business Today. 2023-08-18. Retrieved 2023-09-09.
- ^ "Higher risk for higher returns: The top midcap and smallcap PMS stocks to bet on". Moneycontrol. 2023-01-16.
- ^ "PMS AIF Summit and Awards 2022 - PMS AIF World".
- ^ "Fast-growing India On Way To Becoming World's Next Growth Engine, Says IBPC - ARAB TIMES - KUWAIT NEWS". www.arabtimesonline.com. 2022-12-05. Retrieved 2023-09-09.
- ^ "Siddhartha Bhaiya's Outlook On Indian Markets & Top Sectoral Bets | Talking Point". BQ Prime. 2023-06-13.
- ^ "Siddhartha Bhaiya: Remain Underweight on Banks and Financials". TimesNow. 2022-10-04.
- ^ "Key Stocks And Sectors To Watch Out For In 2023: Siddhartha Bhaiya & Jiten Parmar Exclusive". www.cnbctv18.com.