ICICI Pru Mutual Fund is one of the top fund houses in India that manages more than ₹7 lakh crore. In this episode, Sankaran Naren, the Chief Investment Officer at ICICI Pru MF, shares the fund house’s approach to investing such large amounts of public money. Naren is known for his contrarian style of investing, which revolves around the belief that markets move in cycles and that these cycles always tend to mean revert.
What is it and how does it matter to you?
Imagine you are on a flight, and suddenly the plane hits turbulence. If you're not familiar with flying and don’t understand why turbulence occurs, you might panic, thinking the plane is in serious trouble. But if you know that turbulence is a common occurrence and that airplanes are designed to withstand it, you’re more likely to stay calm. Similarly, when you invest in a fund following a certain style, if you don’t know when that style works and when it doesn’t, your decisions will be impacted by panic and fear.
So, here you go: if you are an investor in any of the ICICI funds, you have to watch this entire episode.
Time Stamps
00:00 - 1:15 - Coming Up
1:16 - 2:40 - Intro
2:41 - 6:38 - Mark Sellers’ speech
6:39 - 23:14 - Contrarian style
23:15 - 27:20 - Value investing
27:21 - 30:33 - Structural investing
30:34 - 38:17 - Temperament
38:18 - 40:25 - Full-time investor
40:26 - 56:24 - Funds (Value discovery, special opportunities)
56:25 - 1:08:44 - Naren as CIO
1:08:45 - 1:12:16 - Gurus of Naren
1:12:17 - 1:15:16 - Rapid Fire
1:15:17 - 1:15:29 - Outro
Links to Refer
Learn more about Mutual Funds here: https://zerodha.com/varsity/chapter/introduction-to-mutual-funds/
Other Important Links
You can put your stock market knowledge to the test by taking the Varsity Certification test here: https://zerodha.com/varsity/certified/
Social Media
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