It is always nice to hear the views of Chandresh Nigam – one of the rare CIO -CEOs. I always feel that CIO are interested in increasing the Nav of their schemes, but the sales oriented CEO are interested in increasing the aum. Since most Head of sales cannot sell existing schemes (our payout is too small, our performance is not good,….blah blah)…they love NFO. Mind you for every NFO they have an amazing story, but an Nfo is an Nfo. One exception you see is of course Neil Parekh of PPFAS who is a big investor in his own fund!! Obviously he wants the aum to go up (he is the owner of the amc) but he also wants the Nav to go up (he is an investor in the only scheme that they have).

Here is a good interview of Chandresh Nigam (Axis) done by Aarati Krishnan. Rarely (if at all) have I posted a Valueresearch article….but here it is. Not sure how many of my readers would read it if it were only on VR..so putting the link here for you to read..Good job Aarati…and great answers Chandresh. However, I do feel that Franklin Templeton has done a good job in running a growth fund and a value fund – I do agree that different teams run it. Naren who is basically a contrarian / value guy also has some interesting growth funds in his stable. So a CEO has to run both styles ESPECIALLY if he gets a good FM with a value bias or a good FM with growth bias. CIO has to just ensure that he does what he says, and what he says is sensible. Of course He includes She….Roshi Jain runs a good fund for FT…!!

https://www.valueresearchonline.com/story/h2_storyview.asp?str=47099

https://www.valueresearchonline.com/story/h2_storyview.asp?str=47099