STOCK MARKET

O V E R - V A L U E D O R W H A T ?

Monday, 6:00 pm - 7:45 pm

MMA MANAGEMENT CENTER

Partner:

The Indian stock market has stopped surprising investors and institutions alike. There has never been a dull moment for the markets, whatever be the other predictions, projections and performance of the nation’s economy otherwise.

Gone are the days when the Government’s suggestions for the middle class too to invest in the stock market and reap the benefits in a big way used to be looked at with doubt and suspicion. It is now happening, by the hour, by the day. Not just the middle class but even those working in the unorganised sector have made additional incomes by short-term investments that range from a few hours to a few days and weeks. Unlike in the case of the long-term, big-ticket investors, both institutions and individuals, the small-time investor has its own cause for celebrations and concern about: What next?

But the small investor is not the real driving force, and he too has come to know it. There is however a greater knowledge and understanding of the market place across the board, beginning with the Covid era, what with stocks and economy magazines cropping up in almost every Indian language over the previous decade and more

What does it entail over the short, medium and long terms, both for the health of the stock market and of the economy as a whole? Is the economy driving the stock market or is it the other way round? Or, have both begun running on parallel lines, towards the same goal of growth and prosperity for the individual, institutions and the nation as a whole. And what is it indicative of the nation’s economy as a whole: Is it over-valued or what?

Mr Mahalingam K

President, MMA & Partner/Director, TSM Group of Companies

Introductory Remarks

Mr N Sathiya Moorthy

Convenor, Policy Matters - Chennai

Distinguished Speakers

Mr Ganeshram Jayaraman

Managing Director & Head

Avendus Spark Institutional Equities, Chennai

Mr Sunil Subramaniam

Managing Director

Sundaram Asset management Company Ltd

Mr Nishit Master

Fund Manager

Axis Securities Limited

In conversation with

Ms Vidya Bala

Founding Partner & Head - Research & Product

PrimeInvestor.in

Gp Capt R Vijayakumar (Retd), VSM Executive Director

Madras Management Association

Mr Ganeshram Jayaraman Managing Director and Head Avendus Spark Institutional Equities

Mr Ganeshram as head of the 100+ member Institutional Equities team and business, he wears two hats.

He leads India's top ranked strategy desk advising CIOs and portfolio managers on their India portfolios Engaging with senior managements and business ecosystem at large, connecting the dots between the top down and bottom up helps him to be ahead of the curve and contrarian. Earlier, he was a highly rated financials sector lead analyst and Head of Research shaping the core philosophy of the team.

Since 2013, he is also responsible for the business' P&L, overall team performance, growth strategies, identifying talent, cohesion, culture, discipline and risk management.

Ganeshram joined Spark as its first professional in 2006 prior to which he was a credit analyst with HSBC and Standard Chartered Bank lending to India's large corporates. He is a CPA. Remains deeply passionate about family, food and cricket.

Mr Sunil Subramaniam Managing Director Sundaram Asset management Company Ltd

Mr Sunil Subramaniam joined Sundaram Mutual in September 2005. During his tenure here he has handled various roles – Vice President (Retail Distribution), Executive Director (Sales and Marketing), Director (Sales and Global Operations), Deputy CEO, and CEO before being elevated to his current role as Managing Director. Sunil is also on the Board of Directors of Sundaram Asset Management Singapore Pte. Ltd.

In his tenure spanning over 15 years, Sunil has handled various responsibilities through which he has been instrumental in expanding Sundaram Mutual’s footprint both domestically and internationally. During the time he has been with Sundaram Mutual, the AUM of Sundaram Mutual has seen a manifold growth.

He has over three decades of work experience in the financial services sector across MNCs, Public and Private sector companies. The companies he has worked with include State Bank of India, American Express Bank and Bank of America.

Sunil has been recognized by The Economic Times as one of the Most Promising Business Leaders of Asia for five years in a row (2018, 2019, 2020, 2021, 2022) He has also been recognized by CNBC TV18 and Asia One under India’s Greatest Brands and Leaders (2020-2021). Under his leadership, Sundaram Mutual has won several accolades – The Economic Times – Iconic Brands of India 2022, The Economic Times Best Brands Award (2019), The Economic Times Best Brands Award in BFSI for three years (2018, 2019, 2021), theEconomic Times Best Digital Brands 2021, the YouTube Creator Studio Silver Award from Google for reaching over 100,000 subscribers and sharing original content on YouTube, the Great Indian BFSI Marketing Campaign of the Year for Sundaram Flexi Cap Fund at the Great Indian BFSI Awards 2023, Marketing Campaign of the Year (2022) for Sundaram Flexi Cap Fund at the Tamil Nadu Brand Leadership Awards, the Tamil Nadu Best Brands Award (2020) and the Innovative Launch Campaign Award for Sundaram Bluechip Fund by the World Marketing Congress (2020).

Sunil has a Master’s in Business Administration from The Open University Business School, London and is an MSc. graduate from IIT, Madras. He is also a Certified Associate of the Indian Institute of Bankers.

Mr Nishit Master Fund Manager Axis Securities Limited

Mr. Nishit Master, through his diverse experience in both Buy side and Sell side firms brings in a fresh perspective on markets at Axis Securities. As Fund Manager, he is responsible for generating superior risk adjusted returns for customers as per their mandate.

Nishit has more than 18 years of experience in the financial services industry and has worked with various companies like ING Investment Management, Kotak Mahindra Bank, Elara Capital, Reliance Securities, Anand Rathi, Motilal Oswal Financial Services etc At Reliance Securities he was Senior Vice President and Head of Institutional Equities. His last assignment was with Emkay Global Financial Services as part of their Institutional broking team.

Nishit is a FRM certificate holder and management graduate. He is an MBA from NMIMS, Mumbai and has an acute sense of understanding business models and picking outperformers amongst the investable universe.

Ms Vidya Bala Founding Partner & Head - Research & Product PrimeInvestor in

Ms Vidya helped to build one of the country’s earliest robo-advisory solutions in the country in her earlier role at FundsIndia. She believes in not just providing the right solutions for investors but also taking ownership for the same and following up or changing course when the situation warrants.

Vidya was the head of mutual fund research at FundsIndia where she did some path-breaking work in analysing funds and offering researched portfolios. Her recommendations had a sound track record of beating markets and showcasing consistency. They were followed widely by investors, advisors and media.

A Chartered Accountant by qualification, Vidya began her career as a Senior Internal Auditor for Ashok Leyland She then went on to work for The Hindu Business Line’s Research Bureau, tracking mutual funds, stock markets, sectors and the macro economy for eight years. She has more than 18 years of experience, of which over 15 were spent analyzing the markets.

Vidya is known in the media for her straight talk and, calling out bad products