We have a retail DNA and would likr to offer productd that market needs, says Suresh Soni, in conversation with Preeti Kulkarni.
Can you run us past the acquisition and where does DHFL Pramerica stand now?
Year-ended March 2016 was a year of transformation for us. In fact we completed the largest ever acquisition in Indian asset management space. We acquired Deutsche MF which was almost
10 times our size, which is the first time such a thing has happened in India. I would say that it shows our commitment to the market, our commitment to the industry and we have successfully completed that transition. Our AUM in March 2015 was about â¹1,800 crore, which as we speak is approaching around â¹25,000 crore. It has been a wonderful time—year of growth, a year of transition for us and it has not only lead to increase in assets but increase in our capabilities, expansion of our product suite and much better offering to our investors.
What areas are you focusing on right now?
DHFL Pramerica has a retail DNA. DHFL is a large home loan company focused essentially on low and medium end of the market in terms of housing loans. Prudential of America or Pramerica, the other partner, is a joint venture and is an insurance company based out of USA, catering largely to retail population. So we have a retail DNA. We want to be relevant, committed to the retail market in India. We have made sure our product offerings are what the market would like to see, what the retail investors would like to see. They put the right resources ensuring that customer delivery is good for the investment products in terms of performance, in terms of customer service, in terms of overall customer experience and with this background we would like to see our retail footprint increasing and would of course look to build a strong sustainable business on the back of it.
The past 18 months have been a good phase for the industry; how do you view this?
ãã®èšäºã¯ Outlook Money ã® November 2016 çã«æ²èŒãããŠããŸãã
7 æ¥éã® Magzter GOLD ç¡æãã©ã€ã¢ã«ãéå§ããŠãäœåãã®å³éžããããã¬ãã¢ã ã¹ããŒãªãŒã9,000 以äžã®éèªãæ°èã«ã¢ã¯ã»ã¹ããŠãã ããã
ãã§ã«è³Œèªè ã§ã ?  ãµã€ã³ã€ã³
ãã®èšäºã¯ Outlook Money ã® November 2016 çã«æ²èŒãããŠããŸãã
7 æ¥éã® Magzter GOLD ç¡æãã©ã€ã¢ã«ãéå§ããŠãäœåãã®å³éžããããã¬ãã¢ã ã¹ããŒãªãŒã9,000 以äžã®éèªãæ°èã«ã¢ã¯ã»ã¹ããŠãã ããã
ãã§ã«è³Œèªè ã§ã? ãµã€ã³ã€ã³
Gold ETFs And FoFs
While Indians love to invest in physical gold, even mutual funds offer the option, but in paper format.
PLANNING TO BUY CHILD INSURANCE? THINK TWICE
Child insurance plans combine insurance and investment but often offer low returns due to high costs, making a combination of a term insurance cover and mutual fund a better option for securing your childâs higher education needs
How Do You Define Happiness?
Money does buy happiness, but after a while, the appeal fades. We talk about our relationship with money, but, maybe, itâs time to revisit our relationship with happiness
Avoid Crypto As It Is Highly Volatile
I am 22 years old and have recently started working. I want to invest a small portion of money in cryptocurrency. How should I go about it? Does it require a huge capital investment?
Invest Right, Don't Speculate
The lure of high returns and quick gains from equity tips, cryptocurencies, and equity F&O can be enticing. But remember, return of capital is more important than return on capital
The Wedding & Budget: Is Minimalist Trend The Right Knot For You?
Indian weddings are known for their pomp and grandeur, but minimalist weddings are also in vogue now. Dia Mirza was one such celebrity who went for a minimalist wedding. If you also want to keep things minimal on your big day, hereâs how to do it
Here's How To Buy An ETF?
Mutual funds are the preferred choice for retail investors. However, they come at a cost and fund management risk, apart from other risks. A smarter alternative is to invest through ETFs.
How Passive Funds Help Diversify
Passive funds provide a simple way to invest in broad markets as well as in specific themes and sectors, making them ideal for an investor's satellite portfolio
The Rise Of Passive Funds
The popularity of passive funds among retail investors has risen post Covid, and fund houses are out with many variations of ETFs and index funds. Does this category present a new opportunity for investors?
Tax Reforms: What's In Store?
The government is working on reforming the existing Income-tax Act, 1961. The impending reforms have raised many questions in the minds of taxpayers. Will the old regime and deductions be done away with? Will it really simplify your life? What's the need for these reforms? We try to answer these and other questions regarding tax reforms