Siddhartha Bhaiya

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Siddhartha Bhaiya
Born
Mumbai, Maharashtra
NationalityIndian
Alma materThe Institute of Chartered Accountants of India
OccupationFinancial professional
Known forFounder of Aequitas Investment Consultancy

Siddhartha Bhaiya is an Indian PMS fund manager[1] and the founder of Aequitas Investment Consultancy,[2][3] a small investment management firm based in Mumbai, India.[4][5] He serves as the managing director and chief executive officer of the company.[5]

Career[edit]

Bhaiya began as a research analyst at Sushilfinance. He then held positions at various organizations, including Stratcap Securities, Principal PNB AMC, and Reliance Capital Asset Management (RCAM).[6] He also worked as a fund manager at Nippon India Mutual Fund.[7]

In 2012, he founded Aequitas Investment Consultancy in Mumbai,[8][9] where he is the managing director and CIO.[10][11] In 2019, the company announced plans to launch a Category-III Alternative Investment Fund (AIF).[12] In 2022, the company topped the charts of Barclay Hedge Emerging Markets, Asia Rankings, based on the Compound Annual Return.[13][14][15][16]

Bhaiya was also a speaker at the PMS AIF World event[17] 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.[18]

Bhaiya is a frequent commentator on market trends and investment strategies[19][20] on news channels like Times Now,[21] BT TV,[9] CNBC TV18.[22]

Mirror trading controversy[edit]

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.[23]

References[edit]

  1. ↑ Agarwal, Nikhil (2023-01-12). "World Bank's recession warning: Should equity investors be fearful now?". The Economic Times. ISSN 0013-0389.
  2. ↑ "How Siddhartha Bhaiya is Turning Rs 1 Cr Investment Into Rs 13 Cr". News18. 2022-12-21.
  3. ↑ "We have been in bear market for some time now; it's going to be tough: Siddhartha Bhaiya". The Economic Times. 2023-01-29. ISSN 0013-0389.
  4. ↑ "Higher risk for higher returns: The top midcap and smallcap PMS stocks to bet on". Moneycontrol. 2023-01-16.
  5. ↑ 5.0 5.1 Mascarenhas, Rajesh (2023-07-27). "Settlement with Sebi in 'mirror trading' case sparks a debate". The Economic Times. ISSN 0013-0389.
  6. ↑ "Once Upon A Time - When History Didn't Repeat Itself" (PDF). www.brokersforumofindia.
  7. ↑ "Meet India's Warren Buffet in Offing - Hello Entrepreneurs". 2023-08-31. Retrieved 2023-09-09.
  8. ↑ "Nifty Midcap index at record high: 10 stocks that rewarded the MF investors". Moneycontrol. 2023-06-21.
  9. ↑ 9.0 9.1 "Up to 100x returns! Meet this Mumbai-based fund manager who turned Rs 1 crore to Rs 13 crore". Business Today. 2022-12-20.
  10. ↑ Sreedhar, Vidya (2023-07-06). "ETMarkets Fund Manager Talk-This fund manager sees value in 3 sectors as domestic growth prospects strong". The Economic Times. ISSN 0013-0389.
  11. ↑ "Same formula, strong market returns? Not possible, says Aequitas' Siddhartha Bhaiya". Business Today. 2023-01-09.
  12. ↑ "Portfolio management firm Aequitas set to launch Category-III AIF". VCCircle.
  13. ↑ Aequitas Investment Consultancy's Top Bets In Current Juncture: Talking Point, retrieved 2023-09-09
  14. ↑ "Top 30 PMS strategies that made big money for ultra-rich investors in 2021". Business Today. 2022-01-12. Retrieved 2023-09-09.
  15. ↑ "These 8 PMS managers delivered over 50% returns to rich investors in 1 year". Business Today. 2023-08-18. Retrieved 2023-09-09.
  16. ↑ "Higher risk for higher returns: The top midcap and smallcap PMS stocks to bet on". Moneycontrol. 2023-01-16.
  17. ↑ "PMS AIF Summit and Awards 2022 - PMS AIF World".
  18. ↑ "Fast-growing India On Way To Becoming World's Next Growth Engine, Says IBPC - ARAB TIMES - KUWAIT NEWS". www.arabtimesonline.com. 2022-12-05. Retrieved 2023-09-09.
  19. ↑ "We have been in bear market for some time now; it's going to be tough: Siddhartha Bhaiya". The Economic Times. 2023-01-29. ISSN 0013-0389.
  20. ↑ "Siddhartha Bhaiya's Outlook On Indian Markets & Top Sectoral Bets | Talking Point". BQ Prime. 2023-06-13.
  21. ↑ "Siddhartha Bhaiya: Remain Underweight on Banks and Financials". TimesNow. 2022-10-04.
  22. ↑ "Key Stocks And Sectors To Watch Out For In 2023: Siddhartha Bhaiya & Jiten Parmar Exclusive". www.cnbctv18.com.
  23. ↑ Mascarenhas, Rajesh (2023-07-27). "Settlement with Sebi in 'mirror trading' case sparks a debate". The Economic Times. ISSN 0013-0389.
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