Listen to this article
Bhavesh Vora of Sernet Financial Services, Mumbai sensed an opportunity in distribution of passive funds back in 2010. He started recommending passive funds to HNIs as these clients are very cost conscious and are aware of the concept of passives.
Speaking at the Cafemutual Passives Conference 2023 event, Bhavesh said that passives aren’t new to the world, it’s just relatively new in India. He said that in the recent years, large cap ETFs and index funds have been performing better than many pure large caps, which makes them very attractive for investors.
Bhavesh also recommends his retail clients to invest in index funds for mid cap and small cap exposure.
He believes that while ETFs have some liquidity issue, it is picking up pace slowly. He, however, recommends his retail clients to take the index route for passive investments.
Currently, over 20% of assets of Bhavesh is in passive funds. Among passives, he gives higher exposure to ETFs despite no margins. He said that ETFs gives an opportunity to engage with clients more deeply which can help them command better wallet share.
To be a part of more discussions like this, you can attend Cafemutual passives 2024.
Themed ‘Time to take an active look’, the conference has an exciting line-up of over 20 esteemed speakers who will help you identify and understand the latest trends in passives category.
A variety of discussions around building portfolios in passives, ETF marketing and distribution will enrich the MFDs with ample knowledge and prepare them to expand in the passive space.
Click here to register soon.
