AMC CEOs and CIOs gather followers on Twitter

AMC CEOs/CIOs may be judged by the assets managed by their fund house but how do their fare on Twitter?

We found that only eight AMC CEOs use Twitter. Nilesh Shah, MD & CEO, Kotak MF who has a large fan following among IFAs tops the list with 7,103 followers among CEOs.

Followers of AMC CEOs on Twitter

Kalpen Parekh of IDFC MF has the second highest followers (4352) followed by Sundeep Sikka, President and CEO, Reliance AMC at 2,627. Other CEOs who are active on Twitter are Aashish Somaiyaa, Vikaas Sachdeva, A Balasubramainam, Swarup Mohanty and Neil Parikh.

Among investment managers, Sunil Singhania, CIO – Equity, Reliance MF has a fan base of 5,606.

MF CEOs use the microblogging site to get insights from around the world, share updates with peers and connect with distributors. “I joined Twitter to learn and interact with peers. It’s a great medium to get a lot of information from around the world,” says Kalpen Parekh, CEO, IDFC MF.

“It’s direct and a great way to connect with distributors and industry peers,” says Swarup Mohanty, CEO, Mirae Aseet MF who has 1,112 followers.

So what makes IFAs follow a particular CEO on Twitter? Mumbai based IFA Vinayak Sapre says, “I follow a mix of CEOs from investment and sales background. For instance, Kalpen Parekh shares interesting stuff on behavioral finance and Aashish Somaiyaa is known to speak his mind. Aashish addresses issues which are ignored by other CEOs. I follow A Balasubramainan of Birla MF too.”

“It’s a good medium to meet new people. For instance, I had not met Swarup Mohanty of Mirae Asset. I followed him and when we met in Bengaluru he instantly recognized me. Besides, I follow all CEOs. The advantage of Twitter is that AMC officials speak from their heart on Twitter which is not the case when they are speaking at conferences. I follow them to get their views and updates on the industry," says Srikanth Matrubai, a Bangalore based advisor.