Latest news with #ManishBhandari
Economic Times
4 days ago
- Business
- Economic Times
Alternative managers gaining ground: 70% of PMS capital now with non-institutional players, says Manish Bhandari
Edited excerpts: Kshitij Anand: I wanted to understand from you—the geopolitical environment is changing, and it's changing faster than we could have imagined. New tariff rules are coming in, and China is playing its own game. How do you think everything is shaping up at this point in time—good for India, bad for India? Live Events Kshitij Anand: And although there will be people at home who may not welcome or appreciate this India–China development—let's not get into that, as it's more political than financial—economically, we stand to benefit from the partnership? Kshitij Anand: Now, let's talk about sectors. How do you view the sectoral landscape for the next few years? What could be the alpha generators of the future? Kshitij Anand: We've seen new-age businesses gaining traction over the past few years. IPOs have slowed, but the SME space is booming—over 600 IPOs have been listed. Any new thematic businesses catching your eye? Kshitij Anand: On PMS—the industry has evolved rapidly, especially post-COVID, with significant inflows. We're also seeing new strategies launched frequently. Is this good or bad for the industry? (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel In an exclusive conversation with ETMarkets PMS Talk on the sidelines of the APMI conference in Mumbai, Manish Bhandari , CEO & Portfolio Manager at Vallum Capital, highlighted a transformative shift in India's portfolio management services (PMS) to Bhandari, who is also a Board Member of the Association of Portfolio Managers in India (APMI), nearly 70% of institutional capital in the PMS space is now managed by players without traditional institutional backing—a sign that investors increasingly trust independent and boutique managers over large fund attributes this trend to the sector's growing openness, diversity of strategies, and the 'democratization' of money management, where talent and performance are beginning to outweigh brand name and absolutely—and that's the beauty of the geopolitical landscape—it changes so fast. When Trump came in, everyone thought we would have an edge because of our long-standing relationship, but that has not materialised in terms of outcomes, and a different scenario is now interesting and brewing today, in my view, is a new, very solid economic partnership that's taking shape. There has always been a relationship between India and Russia, but now, with China, everything seems quite positive, and we are making inroads to create a favourable such a large economic bloc comes together, strong markets open up for each other, and cooperation increases. While there is a structural headwind until the tariff issue between India and the USA is resolved, there is also a structural long-term dividend if this partnership this morning, we heard that the National Security Advisor flew to Russia—such visits are now frequent and widely publicised. Perhaps the frustration in America is partly due to this new economic bloc being built. I deliberately use the word 'economic bloc' because my focus is on economic progress and structural changes—not cultural aspects—which are secondary. My sense is that Russia has played a key role in bringing India and China human brain holds on to baggage for a long time, but as the narrative changes, that baggage will also change. I believe this shift is happening before our eyes, and it's in both governments' interests to make it work. I see progress daily. As it surfaces on the front pages of newspapers, public perception will also can change overnight—10%, 20%, 25%—so making a definitive prognosis would require being smarter than the US President's tweets, which I'm not, and I'm sure none of us are. To make a compelling investment bet, you need two things: a rising sector and reasonable valuations. A great story with stretched valuations doesn't work. Infrastructure spending seems to have picked up again after a difficult election year. Cement looks promising. Healthcare also remains evergreen. The US still has significant dependence on Indian healthcare, so despite any market pushback, Indian companies have strong growth all of those 600 IPOs are new-age businesses. For me, 'new age' means traditional businesses enhanced by technology to grow faster and disrupt incumbents. These are scattered across small and midcaps, and need to be picked selectively. Auto ancillary is another 'old school' sector with new opportunities coming India's way. Currently, opportunities are dispersed across sectors—there's no single dominant theme like we saw in previous expansion of the market is always good for the industry—there is no second thought about it. There are a lot of strategies emerging because it is quite a democratic system where anyone who aspires to manage external or third-party money can get in today. Otherwise, for decades, the only platform left was to get a job in a mutual fund, and launching your own mutual fund was next to it is quite a democratic expression of investing—different strategies, different ways of looking at the market—everything keeps competition at a reasonably high level, and everyone can learn from each other. I think it is of the growth has also come from EPFO capital and less from retail capital. But one thing I can tell you, which is very interesting, is that if you look at the PMS industry and landscape, and the advisory capital that has been built, 70% of the institutional capital is given to people who have a non-institutional background. They are not backed by large mutual fund-type sets the context that people are giving money to individuals to manage—they are not just looking for institutions. So, individuals can make a remarkable difference.I see this trend coming up significantly, where institutional capital will look for PMS managers or alternative managers—something that has happened in other parts of the world as well.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
4 days ago
- Business
- Time of India
Alternative managers gaining ground: 70% of PMS capital now with non-institutional players, says Manish Bhandari
Edited excerpts: Kshitij Anand: I wanted to understand from you—the geopolitical environment is changing, and it's changing faster than we could have imagined. New tariff rules are coming in, and China is playing its own game. How do you think everything is shaping up at this point in time—good for India, bad for India? Live Events Kshitij Anand: And although there will be people at home who may not welcome or appreciate this India–China development—let's not get into that, as it's more political than financial—economically, we stand to benefit from the partnership? Kshitij Anand: Now, let's talk about sectors. How do you view the sectoral landscape for the next few years? What could be the alpha generators of the future? Kshitij Anand: We've seen new-age businesses gaining traction over the past few years. IPOs have slowed, but the SME space is booming—over 600 IPOs have been listed. Any new thematic businesses catching your eye? Kshitij Anand: On PMS—the industry has evolved rapidly, especially post-COVID, with significant inflows. We're also seeing new strategies launched frequently. Is this good or bad for the industry? (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel In an exclusive conversation with ETMarkets PMS Talk on the sidelines of the APMI conference in Mumbai, Manish Bhandari , CEO & Portfolio Manager at Vallum Capital, highlighted a transformative shift in India's portfolio management services (PMS) to Bhandari, who is also a Board Member of the Association of Portfolio Managers in India (APMI), nearly 70% of institutional capital in the PMS space is now managed by players without traditional institutional backing—a sign that investors increasingly trust independent and boutique managers over large fund attributes this trend to the sector's growing openness, diversity of strategies, and the 'democratization' of money management, where talent and performance are beginning to outweigh brand name and absolutely—and that's the beauty of the geopolitical landscape—it changes so fast. When Trump came in, everyone thought we would have an edge because of our long-standing relationship, but that has not materialised in terms of outcomes, and a different scenario is now interesting and brewing today, in my view, is a new, very solid economic partnership that's taking shape. There has always been a relationship between India and Russia, but now, with China, everything seems quite positive, and we are making inroads to create a favourable such a large economic bloc comes together, strong markets open up for each other, and cooperation increases. While there is a structural headwind until the tariff issue between India and the USA is resolved, there is also a structural long-term dividend if this partnership this morning, we heard that the National Security Advisor flew to Russia—such visits are now frequent and widely publicised. Perhaps the frustration in America is partly due to this new economic bloc being built. I deliberately use the word 'economic bloc' because my focus is on economic progress and structural changes—not cultural aspects—which are secondary. My sense is that Russia has played a key role in bringing India and China human brain holds on to baggage for a long time, but as the narrative changes, that baggage will also change. I believe this shift is happening before our eyes, and it's in both governments' interests to make it work. I see progress daily. As it surfaces on the front pages of newspapers, public perception will also can change overnight—10%, 20%, 25%—so making a definitive prognosis would require being smarter than the US President's tweets, which I'm not, and I'm sure none of us are. To make a compelling investment bet, you need two things: a rising sector and reasonable valuations. A great story with stretched valuations doesn't work. Infrastructure spending seems to have picked up again after a difficult election year. Cement looks promising. Healthcare also remains evergreen. The US still has significant dependence on Indian healthcare, so despite any market pushback, Indian companies have strong growth all of those 600 IPOs are new-age businesses. For me, 'new age' means traditional businesses enhanced by technology to grow faster and disrupt incumbents. These are scattered across small and midcaps, and need to be picked selectively. Auto ancillary is another 'old school' sector with new opportunities coming India's way. Currently, opportunities are dispersed across sectors—there's no single dominant theme like we saw in previous expansion of the market is always good for the industry—there is no second thought about it. There are a lot of strategies emerging because it is quite a democratic system where anyone who aspires to manage external or third-party money can get in today. Otherwise, for decades, the only platform left was to get a job in a mutual fund, and launching your own mutual fund was next to it is quite a democratic expression of investing—different strategies, different ways of looking at the market—everything keeps competition at a reasonably high level, and everyone can learn from each other. I think it is of the growth has also come from EPFO capital and less from retail capital. But one thing I can tell you, which is very interesting, is that if you look at the PMS industry and landscape, and the advisory capital that has been built, 70% of the institutional capital is given to people who have a non-institutional background. They are not backed by large mutual fund-type sets the context that people are giving money to individuals to manage—they are not just looking for institutions. So, individuals can make a remarkable difference.I see this trend coming up significantly, where institutional capital will look for PMS managers or alternative managers—something that has happened in other parts of the world as well.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
India Today
11-07-2025
- India Today
Minors lured, sold into marriage: 2 arrested in UP for human trafficking
Lucknow Police have arrested two traffickers and rescued two minor girls, busting a major human trafficking gang operating in the region. The gang reportedly lured, brainwashed, and sold innocent girls for marriage in Rajasthan and Haryana for to DCP South Nipun Agarwal, the case came to light on June 30 when a 16-year-old girl from Krishnanagar went missing. The girl, a devotee of Saint Premananda, was travelling to Vrindavan to meet him when she was approached at Charbagh railway station by one of the accused, Santosh gained her trust by promising an introduction to the saint. However, the girl soon realised his malicious intent and resisted being taken away by him and his associate, Manish Bhandari. The accused initially tried to coerce the girl but eventually abandoned her at Manak Nagar railway station. The police recovered the girl safely after a missing complaint was filed, and six teams were deployed to search for this, a police surveillance team on Thursday tracked down and arrested Santosh Sahu and Manish Bhandari near Awadh intersection. During interrogation, the accused admitted to luring another minor girl from Raebareli, who was also recovered from a revealed that since 2012, Santosh Sahu and his gang had been trapping young girls by exploiting their emotions and selling them to Manish would purchase the girls for Rs 50,000 and then sell them for forced marriages or other illegal purposes in Rajasthan and Haryana. So far, the gang has sold around 15 girls through this investigations are ongoing.- EndsMust Watch
Time of India
11-07-2025
- Time of India
Lucknow cops crack trafficking syndicate
Lucknow: In a major breakthrough, the Lucknow Police uncovered an inter-state human trafficking syndicate responsible for selling at least 15 minor girls for over Rs 20 lakh over the past three years across Rajasthan, Haryana and other states. The victims, primarily from UP, Madhya Pradesh, Chhattisgarh and Gujarat, were lured with false promises and forcibly married to men—some significantly older or mentally unstable—in remote rural areas. The breakthrough came after the south zone crime branch on July 10 arrested two key traffickers Santosh Sahu and his associate Manish Bhandari, who lured girls on the pretext of introducing them to controversial seer Premananda Maharaj. During interrogation, the police found evidence of a deeper trafficking network led by Manish Bhandari, a middleman based outside the state. The police said a minor girl from Ahmedabad was trafficked and married to one Banhi in Gangapur City, Rajasthan for ₹70,000. Another girl from UP was sold for ₹80,000 and forcibly married to one Jeetu in Kumawat colony, Beawar. A third victim, also a minor, was married to a tempo driver in Pali for ₹45,000. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Tome uma colher de estômago vazio e veja a gordura descer pelo ralo Revista Saúde Saiba Mais Undo A girl from Chhattisgarh, trafficked and married to a man named Sunil from Sirohi, died shortly after her marriage. She was sold for ₹50,000. DCP, south zone, Nipun Agarwal told TOI, "This is not a case of four or five girls. We have traced at least 15 victims so far and more names are emerging." The police are coordinating with law enforcement agencies in Rajasthan, Gujarat, Haryana and Madhya Pradesh to expose the entire trafficking ring.
Time of India
10-07-2025
- Time of India
Two arrested for luring, selling 15 minor girls in Rajasthan, Haryana
Lucknow: The police on Thursday arrested two human traffickers, who used to lure minor girls on the pretext of getting them introduced to seer Premananda Maharaj, and sold them in Rajasthan and Haryana. Those arrested were identified as Santosh Sahu, of Shahdol, Madhya Pradesh, and Manish Bhandari, a resident of Ajmer, Rajasthan. The traffickers confessed that they are a part of an inter-state gang, which had sold 15 girls in Rajasthan and Haryana. The police also rescued two minor girls during the operation. The accused told police they used to brainwash the minor girls and take them with them. After this, they sold them in Rajasthan and Haryana for Rs 50,000 each. The police are investigating other networks of the gang. DCP South Nipun Aggarwal said on June 30, a 16-year-old girl went somewhere in the Krishnanagar area without informing her family. As many as six police teams were searching for the minor as the initial lead revealed a human trafficking angle. Later, the minor was recovered from Manak Nagar railway station, and the accused fled from the spot. The DCP said during quizzing, the minor told police that Santosh and Manish took her away from Charbagh railway station and sold her in Rajasthan for Rs 50,000. On Thursday, the police arrested Santosh Sahu alias W, a resident of Shahdol, Madhya Pradesh, and Manish Bhandari, a resident of Ajmer, Rajasthan. The DCP South said the accused confessed to their crime during interrogation and disclosed that both of them came in contact with each other in 2012. Santosh Sahu lured and sold about 15 girls since 2012. Manish Bhandari used to buy them for Rs 50,000. The accused Manish told police that the girls were bought and sold to other people for marriage purposes. It surfaced that the minor girl was a devotee of Saint Premanand and she wanted to go to Mathura to pay obeisance to the saint by meeting him. On knowing this, the accused Santosh Sahu took her to Kanpur and then to Shahdol. DCP South said Santosh kept the girl at the house of his acquaintance and on July 6, he took her to Manish Bhandari alias Monu and sold her for Rs 50,000. "The minor girl refused to go with Manish Bhandari. When he tried to force her, she cried and protested. On this, Manish sent the minor back and took back Rs 45,000 and gave Rs 5,000 to Santosh Sahu," the police said.
