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What are the key business lessons that the year 2023 taught?
It’s been a very eventful year for us, we opened the year with an AUM of Rs 650 crore and ended the year with over Rs 837 crore.
This year taught us a few important lessons:
- Value stocks in the mid and small cap space will rally in phases and you have to be patient to take home the gains
- Run your sips through market volatility and the results are visible this year
- Review your client portfolio regularly to remove the laggards
- We had a rough time with debt as yields went up with inflation but don’t ignore asset allocation. We will get back debt returns when interest rate cycle reverses. We have also used balanced and multi asset funds as alternatives for rebalancing
What are your aspirations for the coming year? How do you see growing your distribution business?
We first aspire to touch Rs 1,000 crore AUM as that’s our aspirational number. Moreover, we would want to penetrate geographically as well as otherwise with more skilled partners. Also, we want to reach out digitally as fast as possible.
Which new business skills are you desirous to learn in 2024? And why?
AI is one skill set we wish to learn in 2024. The ability to crunch large data effectively and efficiently is something to learn for the future. We also wish to broad base ourselves digitally and reach more people.
Which investor category do you sense is still untapped and should be explored in the coming year?
Youth or Gennext is still untapped effectively. They seem to be rushed for time and might have bought a financial product from some site without exploring in depth. I believe, to financially plan their future both academically and practically, is something which our industry is still largely incapable of doing and there is a void. In this regard, our future still remains unexplored and we would love to concentrate there.
