Why Chasing Returns Hurts Serious Investors in PMS and AIFs | Vaibhav Agrawal | Paisa Vaisa
Summary
Anupam Gupta interviews Vaibhav Agrawal, CIO of Alternates at Motilal Oswal, discussing PMS and AIF strategies like Founders and Mid-to-Mega. They explore the QGLP investment framework, new-age stock evaluation, and the rise of AIFs over PMS. Agrawal advises investors to avoid performance chasing, diversify between growth and value, and stay focused on long-term wealth creation amidst market volatility.
Topics discussed
Introduction: Vaibhav Agrawal and Motilal Oswal Alternates
Motilal Oswal's PMS history and key strategies
Vaibhav's career journey and family influence
High-growth themes: EVs, renewables, and tech
Investment advice amidst market corrections and war
Macro turbulence, tariffs, and India's growth prospects
QGLP framework and evaluating new-age stocks
Founder psychology and the Zepto investment case
Deep dive into PMS and AIF product strategies
Motilal Oswal's AUM breakdown and passive products
International investing trends and India exposure
Understanding Alternates: PMS vs AIF evolution
SIF category and investor sophistication levels
Common mistakes and red flags in PMS/AIF investing
Growth vs Value styles and international allocation
Current sector opportunities and market outlook
Advice for retail investors and SIP strategies
Rapid fire: Myths, books, and final thoughts
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