S Naren: Fund Design, Hybrids & BAFs, AI & CIO | Ep. 6 | MF Chronicles with Vikaas M Sachdeva скачать в хорошем качестве

S Naren: Fund Design, Hybrids & BAFs, AI & CIO | Ep. 6 | MF Chronicles with Vikaas M Sachdeva

“Investing isn’t arithmetic. It’s judgment.” That line stayed with me. In this chronicle, I sit down with Sankaran Naren - currently the CIO at ICICI Prudential AMC, but once a fund manager navigating the excesses of the 90s, the lessons of 2008, and the eventual rise of hybrid investing. He has seen the industry evolve - from unchecked optimism to tighter regulation, from pure equity enthusiasm to disciplined asset allocation. This conversation isn’t about predicting markets. It’s about designing for them. We talk about the mistakes of 2007–08, why investors got scarred, and how Balanced Advantage was built to manage risk first - buying when markets fall, trimming when they rise. We discuss: • What the industry learnt the hard way after 2008 • Why “not scarring investors” became a philosophy • Asset allocation as discipline - not a marketing pitch • Value vs quality cycles and surviving long underperformance • IPO froth and why sellers often know more • Why risk management becomes harder at scale • The real challenge of being a CIO • And whether AI will assist - not replace - decision-making What I appreciated most was his clarity: Markets will always be volatile. The job is to build systems that survive them. If you care about how the hybrid category truly evolved and what responsible fund management looks like - this episode is for you. —----------------—----------------—---------------- —----------------—----------------—---------------- Connect with me across social media. Stream the MF Chronicles podcast on your favourite app. - https://linktr.ee/vikaasmsachdeva ---------------------------------------------------------------------- 📌 Disclaimer: All visuals and graphics used in this video belong to their respective owners. Credits are mentioned on-screen wherever applicable. -------------------------------------------------------------------- Chapters: 00:00 Presented By 00:05 Episode Trailer 01:45 Legal Disclaimer 01:50 Episode Introduction 03:15 Fund Origins 06:33 Design Flaws 09:02 Telecom Analogy 10:07 Market Triggers 11:41 Market Myths 14:21 BAF Story 19:27 SIP Perception 20:37 Dividend Design 22:43 Process Debate 24:06 MF vs FD 26:03 Post Commissions 29:28 Value Reality 33:21 IPO Mania 36:47 Asset Allocation 38:46 MAF vs BAF 39:46 ETF vs AIF 40:41 Category Future 43:19 Manager Advice 45:29 AI vs CIO 46:17 Old vs New 47:16 CIMR QnA 47:31 Conviction Building 48:31 SME View 48:54 Stock Prediction 50:18 Investing Tips 51:28 Core Skill 52:46 Episode Outro 53:29 End Credits [MF Chronicles, MF Chronicles podcast, Vikaas M Sachdeva, Vikaas Sachdeva interview, mutual fund podcast India, Indian mutual fund industry, CIO insights India, S Naren interview, ICICI Prudential AMC, asset allocation strategy, balanced advantage fund, BAF strategy, hybrid fund strategy, fund architecture, fund product design, investment process design, portfolio construction strategy, risk management investing, drawdown management, market cycle investing, value vs quality investing, behavioural investing, investment discipline, fund management at scale, AI in fund management, AI vs CIO, active vs passive debate, IPO cycle investing, market volatility strategy, long term capital allocation, institutional investing India]