Nimesh Shah, MD and CEO of ICICI Prudential AMC

Breaking Investment Stereotypes with Rajkumar Singhal

My guest for today in Nimesh Shah, MD and CEO of ICICI Prudential AMC. Nimesh joined ICICI Prudential AMC (IPAMC) in July 2007 as the MD & CEO. Under his leadership the AMC has emerged as one of the largest, most respected, and trusted Investment Managers in India; having contributed significantly to the growth of the Indian Mutual Fund Industry.

Over the past 14 years, under Nimesh’s leadership, IPAMC has transformed into India's premier investment manager aligned to investor interest and leveraged digital innovations to improve its customer’s investment experience.

Under his leadership, the AMC has won several prestigious and globally recognized awards from time to time.. The most recent awards include the globally recognized Morningstar Awards 2021- Best Fund House: Debt, The Economic Times Best Brands 2020, India Today most preferred Brands. Nimesh has been honored with the prestigious Global Banking & Finance Award for Best Asset Management CEO India in 2017 and the CEO of the Year 2014 by Asia Asset Management.

In 2018 he was the Elected Chairperson of the Association of Mutual Funds in India (AMFI). He is currently a Director with AMFI and also serves as a Governing Council Member with ICICI Foundation.

Nimesh has nearly three decades of experience in the banking and financial services industry and most of which has been with ICICI Group. He holds degrees in Chartered Accountancy and Cost Accountancy.

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Show notes:

0:00 - Intro

2:34 - Journey with ICICI

6:06 - Navigating an AMC through 2008

11:25 - Views on Indian markets and an RBI induced rally

16:40 - Understanding the Indian investor

18:45 - Designing products for the Indian investors’s psychology

19:40 - Responsibility of an AMC as part of the larger group

21:50 - Being a supermarket of Mutual Funds

24:10 - Outlook for passive funds in India

26:37 - Creating an AMC for the “retired school teacher of Guwahati”

28:00 - How to choose funds & trusting “big brands”

34:03 - ICICI Prudential’s leadership structure to manage diversity in investing strategies

39:20 - Opportunity presented by digital penetration to the MF industry in India

41:50 - Understanding the behaviour of the millennial investor

44:35 - Advice to a young investor on asset allocation

47:14 - Views on investing in global equities

52:10 - Nimesh’s routine after the day in the office ends

52:55 - Who does Nimesh look up to?

55:00 - Advice to 20yr old self

56:25 - Closing