Ajay Kumar: Creating a new article

2023-09-21T15:24:51Z

Creating a new article

New page

{{orphan|date=September 2023}}

{{Short description|Indian fund manager}}
{{Infobox person
| name = Siddhartha Bhaiya
| birth_place = [[Mumbai, Maharashtra]]
| nationality = Indian
| education =
| alma_mater = [[The Institute of Chartered Accountants of India]]
| occupation = Financial professional
| known_for = Founder of Aequitas Investment Consultancy
}}

'''Siddhartha Bhaiya''' is an Indian [[Portfolio manager|PMS]] fund manager<ref>{{Cite news |last=Agarwal |first=Nikhil |date=2023-01-12 |title=World Bank's recession warning: Should equity investors be fearful now? |work=The Economic Times |url=https://economictimes.indiatimes.com/markets/stocks/news/world-banks-recession-warning-should-equity-investors-be-fearful-now/articleshow/96928286.cms?from=mdr |access-date= |issn=0013-0389}}</ref> and the founder of Aequitas Investment Consultancy,<ref>{{Cite web |date=2022-12-21 |title=How Siddhartha Bhaiya is Turning Rs 1 Cr Investment Into Rs 13 Cr |url=https://www.news18.com/news/movies/how-siddhartha-bhaiya-is-turning-rs-1-cr-investment-into-rs-13-cr-6665083.html |access-date= |website=News18 |language=en}}</ref><ref>{{Cite news |date=2023-01-29 |title=We have been in bear market for some time now; it’s going to be tough: Siddhartha Bhaiya |work=The Economic Times |url=https://economictimes.indiatimes.com/markets/expert-view/we-have-been-in-bear-market-for-some-time-now-its-going-to-be-tough-siddhartha-bhaiya/articleshow/97405234.cms?from=mdr |access-date= |issn=0013-0389}}</ref> a small investment management firm based in [[Mumbai|Mumbai, India]].<ref>{{Cite web |date=2023-01-16 |title=Higher risk for higher returns: The top midcap and smallcap PMS stocks to bet on |url=https://www.moneycontrol.com/news/photos/business/personal-finance/top-performing-midcap-smallcap-pms-in-2022rs-of-2022-9870741-1.html |access-date= |website=Moneycontrol |language=en}}</ref><ref name=":0">{{Cite news |last=Mascarenhas |first=Rajesh |date=2023-07-27 |title=Settlement with Sebi in ‘mirror trading’ case sparks a debate |work=The Economic Times |url=https://economictimes.indiatimes.com/markets/stocks/news/settlement-with-sebi-in-mirror-trading-case-sparks-a-debate/articleshow/102153050.cms?from=mdr |access-date= |issn=0013-0389}}</ref> He serves as the managing director and chief executive officer of the company.<ref name=":0" />

== Career ==
Bhaiya began as a research analyst at [[Sushilfinance]]. He then held positions at various organizations, including Stratcap Securities, Principal PNB AMC, and [[Reliance Capital|Reliance Capital Asset Management]] (RCAM).<ref>{{Cite web |title=Once Upon A Time - When History Didn't Repeat Itself |url=https://www.brokersforumofindia.com/assets/magazines/pdfs/2022/NL%20Feb%202022.pdf |website=www.brokersforumofindia}}</ref> He also worked as a fund manager at Nippon India Mutual Fund.<ref>{{Cite web |date=2023-08-31 |title=Meet India’s Warren Buffet in Offing - Hello Entrepreneurs |url=https://helloentrepreneurs.com/entrepreneur-saga/meet-indias-warren-buffet-in-offing-26072/ |access-date=2023-09-09 |language=en-US}}</ref>

In 2012, he founded Aequitas Investment Consultancy in Mumbai,<ref>{{Cite web |date=2023-06-21 |title=Nifty Midcap index at record high: 10 stocks that rewarded the MF investors |url=https://www.moneycontrol.com/news/photos/business/personal-finance/nifty-midcap-150-index-at-all-time-high-top-10-stocks-that-rewarded-mf-investors-10831781-1.html |access-date= |website=Moneycontrol |language=en}}</ref><ref name=":1">{{Cite web |date=2022-12-20 |title=Up to 100x returns! Meet this Mumbai-based fund manager who turned Rs 1 crore to Rs 13 crore |url=https://www.businesstoday.in/markets/stocks/story/up-to-100x-returns-meet-this-mumbai-based-fund-manager-who-turned-rs-1-crore-to-rs-13-crore-357037-2022-12-20 |access-date= |website=Business Today |language=en}}</ref> where he is the managing director and CIO.<ref>{{Cite news |last=Sreedhar |first=Vidya |date=2023-07-06 |title=ETMarkets Fund Manager Talk-This fund manager sees value in 3 sectors as domestic growth prospects strong |work=The Economic Times |url=https://economictimes.indiatimes.com/markets/expert-view/etmarkets-fund-manager-talk-this-fund-manager-sees-value-in-3-sectors-as-domestic-growth-prospects-strong/articleshow/101529145.cms?from=mdr |access-date= |issn=0013-0389}}</ref><ref>{{Cite web |date=2023-01-09 |title=Same formula, strong market returns? Not possible, says Aequitas’ Siddhartha Bhaiya |url=https://www.businesstoday.in/markets/stocks/story/same-formula-strong-market-returns-not-possible-says-aequitas-siddhartha-bhaiya-359443-2023-01-09 |access-date= |website=Business Today |language=en}}</ref> In 2019, the company announced plans to launch a Category-III Alternative Investment Fund (AIF).<ref>{{Cite web |title=Portfolio management firm Aequitas set to launch Category-III AIF |url=https://www.vccircle.com/portfolio-management-firm-aequitas-set-to-launch-category-iii-aif |access-date= |website=VCCircle |language=en-US}}</ref> In 2022, the company topped the charts of Barclay Hedge Emerging Markets, Asia Rankings, based on the [[Compound annual growth rate|Compound Annual Return]].<ref>{{Citation |title=Aequitas Investment Consultancy's Top Bets In Current Juncture: Talking Point |url=https://www.youtube.com/watch?v=hE-7ZmlyKek |access-date=2023-09-09 |language=en}}</ref><ref>{{Cite web |date=2022-01-12 |title=Top 30 PMS strategies that made big money for ultra-rich investors in 2021 |url=https://www.businesstoday.in/markets/market-perspective/story/top-30-pms-strategies-that-made-big-money-for-ultra-rich-investors-in-2021-318784-2022-01-12 |access-date=2023-09-09 |website=Business Today |language=en}}</ref><ref>{{Cite web |date=2023-08-18 |title=These 8 PMS managers delivered over 50% returns to rich investors in 1 year |url=https://www.businesstoday.in/markets/market-perspective/story/these-8-pms-managers-delivered-over-50-return-to-rich-investors-in-1-year-394663-2023-08-18 |access-date=2023-09-09 |website=Business Today |language=en}}</ref><ref>{{Cite web |date=2023-01-16 |title=Higher risk for higher returns: The top midcap and smallcap PMS stocks to bet on |url=https://www.moneycontrol.com/news/photos/business/personal-finance/top-performing-midcap-smallcap-pms-in-2022rs-of-2022-9870741-3.html |access-date= |website=Moneycontrol |language=en}}</ref>

Bhaiya was also a speaker at the PMS AIF World event<ref>{{Cite web |title=PMS AIF Summit and Awards 2022 - PMS AIF World |url=https://www.pmsaifworld.com/pms-aif-summit-and-awards-2022/ |access-date= |language=en-IN}}</ref> and invited to participate in a panel discussion at the Indian Business and Professional Council (IBPC) [[Kuwait]] event titled 'India – World's next growth engine,' held at [[Jumeirah Beach Hotel]], [[Kuwait]] in December 2022.<ref>{{Cite web |date=2022-12-05 |title=Fast-growing India On Way To Becoming World’s Next Growth Engine, Says IBPC - ARAB TIMES - KUWAIT NEWS |url=https://www.arabtimesonline.com/news/fast-growing-india-on-way-to-becoming-worlds-next-growth-engine-says-ibpc/ |access-date=2023-09-09 |website=www.arabtimesonline.com |language=en-US}}</ref>

Bhaiya is a frequent commentator on market trends and investment strategies<ref>{{Cite news |date=2023-01-29 |title=We have been in bear market for some time now; it’s going to be tough: Siddhartha Bhaiya |work=The Economic Times |url=https://economictimes.indiatimes.com/markets/expert-view/we-have-been-in-bear-market-for-some-time-now-its-going-to-be-tough-siddhartha-bhaiya/articleshow/97405234.cms?from=mdr |access-date= |issn=0013-0389}}</ref><ref>{{Cite web |date=2023-06-13 |title=Siddhartha Bhaiya’s Outlook On Indian Markets & Top Sectoral Bets {{!}} Talking Point |url=https://www.bqprime.com/markets/siddhartha-bhaiya-s-outlook-on-indian-markets-top-sectoral-bets-talking-point |access-date= |website=BQ Prime |language=en}}</ref> on news channels like [[Times Now]],<ref>{{Cite web |date=2022-10-04 |title=Siddhartha Bhaiya: Remain Underweight on Banks and Financials |url=https://www.timesnownews.com/business-economy/markets/siddhartha-bhaiya-remain-underweight-on-banks-and-financials-article-94641472 |access-date= |website=TimesNow |language=en}}</ref> [[Business Today (India)|BT TV]],<ref name=":1" /> [[CNBC TV18]].<ref>{{Cite web |title=Key Stocks And Sectors To Watch Out For In 2023: Siddhartha Bhaiya & Jiten Parmar Exclusive |url=https://www.cnbctv18.com/binge/key-stocks-and-sectors-to-Dsyg7pdl2gg.htm |access-date= |website=www.cnbctv18.com}}</ref>

== Mirror trading controversy ==
In 2023, Bhaiya alleged that a broker engaged in mirror trading while executing trades for the fund. Mirror trading involves replicating real-time trades executed by another individual. A complaint was lodged with the [[Securities and Exchange Board of India]] (SEBI), alleging [[front running]]. Following the complaint, SEBI initiated an investigation. The accused broker opted for a settlement that included a fee of 45.99 lakh. SEBI's order on July 5 concluded that while front-running wasn't substantiated, the broker's actions violated specific provisions of the Prohibition of Fraudulent and Unfair Trade Practices (PFUTP) Regulations.<ref name=":03">{{Cite news |last=Mascarenhas |first=Rajesh |date=2023-07-27 |title=Settlement with Sebi in ‘mirror trading’ case sparks a debate |work=The Economic Times |url=https://economictimes.indiatimes.com/markets/stocks/news/settlement-with-sebi-in-mirror-trading-case-sparks-a-debate/articleshow/102153050.cms?from=mdr |access-date= |issn=0013-0389}}</ref>

== References ==
{{Reflist}}

{{DEFAULTSORT:Bhaiya, Siddhartha}}
[[Category:Indian accountants]]
[[Category:Indian stock traders]]
[[Category:Indian investors]]
[[Category:Living people]]
[[Category:Indian financial analysts]]

Siddhartha Bhaiya - Revision history

Ajay Kumar: Creating a new article