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Mint
11-05-2025
- Business
- Mint
What makes Mirae Asset's Swarup Mohanty paranoid about his retirement corpus
Swarup Mohanty, 54, chief executive officer of Mirae Asset Mutual Fund, is 'paranoid" about his retirement corpus. 'People are going to live longer. Most people plan for life till 80 post-retirement. If they start to live beyond that and there is no planning for that, it can start to really pinch. Besides this, if I have worked so hard during my working life, I should have a better life in my retirement. So, it is important for me to plan for a larger retirement kitty to take care of my inflation-adjusted lifestyle expenses," Mohanty said. Mohanty says these factors have prompted him to target a higher retirement corpus. 'I have crossed the minimum target on my retirement corpus. As these are the last years of my accumulation phase, I want to make most of it by continuing my investments and even take tactical calls, and get as close as possible to my new target," Mohanty said in an interaction with Mint on 'Guru Portfolio', a series where leaders from the financial services industry share how they manage their money. Investment mix Mohanty maintains an asset allocation mix of 70% in equities, 20% in debt and 10% in alternates. The alternate pie includes his investments in art and startups. Over the past 12 months, his portfolio has delivered returns of 6%, while over the past five-year period, it has returned 23% annualized returns. Mohanty says what worked for his portfolio over the past year was his large-cap exposure. "Large-cap funds outperformed their respective benchmark indices. Thematic investments such as healthcare and banking also did well." Also Read: Should you diversify your portfolio by adding mutual funds focused on quality strategy? Within his equity portfolio, Mohanty's market-cap split is largely skewed towards large-caps and mid-caps. He attributes this to his heavy exposure to Mirae Asset MF's Large- and Mid-Cap Fund. His large- and mid-cap fund exposure is 50%, while pure mid-cap and thematic funds account for the remaining 50%. He is betting on themes such as manufacturing, healthcare and banking. 'These themes are a long-term structural play in India," he said. So far, Mohanty says, he has avoided small-caps to avoid high volatility in his retirement-linked investments, but he may add some small-caps. 'After the correction, there are opportunities in the small-cap space." As mentioned earlier, Mohanty wants to be more tactical with his investments. He pointed out that he missed the gold rally over the past year (despite his bullish view), just to stick to his asset allocation grid. 'I have realized I need to be more vigilant of tactical opportunities and act on them in a timely manner." Mohanty has one-fourth of his equity exposure through passive funds. His passive fund investments include a factor-based fund, an international fund and banking & financial services fund, among others. About 80-85% of his mutual fund portfolio is invested in Mirae Asset MF's schemes. He says that he looks for non-Mirae schemes for style diversification. Alternatives Mohanty's alternate investments are spread across art and startups. Art investments account for 65% of his alternate portfolio, while 35% is in startups. His startup bets include a health tech startup and a regional-content OTT platform for Oriya-language content. As Mohanty himself originally hails from Odisha, he said the pitch appealed to him. Also Read: After large-cap switch last year, Quant MF's Sandeep Tandon starts to add small-caps He says his art investments are fully handled by his wife. 'She does all the research on the artists and art types that we should add to our portfolio. By now, she has created a wishlist and we add to our collection as and when there is an opportunity. Last year, we added another art piece from a 'master'," he said. Unlike market-linked investments such as mutual funds or ETFs, where price discovery happens on a minute-by-minute basis, how does Mohanty and his wife evaluate their art investments? 'Once you get into that circuit and you know the good galleries in the country, there is a broad consensus on the prices of each painter. Admittedly, it is not a very liquid market, but I am also not buying to sell in the near future," Mohanty said. According to Mohanty, alternates give his portfolio another dimension, but these are high risk, high return investments. He said he will not go beyond 10% on alternates in his overall portfolio, given these investments have lower liquidity. Insurance and contingency Mohanty has a large family health cover of ₹3.75 crore. 'I have seen ₹25 lakh of my savings just going for my father's medical expenditure. After this, I have tried to take as much medical insurance as I can for my family. I have got ₹3.75 crore medical cover for my family; ₹3 crore for my wife and I, and a separate ₹75-lakh health cover for my son," he said. Mohanty believes that life insurance should take care of debt and potential earnings of the earning member, as much as possible. So, he has three times his debt (home loan: ₹4 crore) for his term life cover, which is about ₹12 crore. He recently upgraded his house as his son has decided to stay with them instead of going abroad for work. This purchase was partly funded by the sale of his previous house and his Nifty 50 ETF investments. Also Read: Why Marcellus' Saurabh Mukherjea has 40% global weight 'As a net effect, my home loan is the same as what I was carrying for my previous house as of last year," he said. However, he doesn't maintain a separate contingency fund now. 'Now, my equity gains are large enough to meet any contingency requirements and can be easily liquidated, if needed. However, large insurance covers are also in place," Mohanty said. Travel goals Mohanty is an avid traveller. Next, he plans to visit the idyllic villages of England and says he would like to drive there. He plans for his travel expenses at the beginning of the year by parking the required funds in a liquid fund. Keeping finances in check Mohanty says he likes to track his expenses on a monthly basis, which helps him maintain his savings rate. He keeps his savings rate at 35%. He has been compiling a net worth statement annually for the past several years, which helps him keep him on track towards his financial goals.
Time of India
30-04-2025
- Business
- Time of India
NFO Alert: Mirae Asset Mutual Fund launches Nifty50 Equal Weight ETF
Mirae Asset Mutual Fund has launched the New Fund Offer (NFO) for the Mirae Asset Nifty50 Equal Weight ETF , an open-ended scheme replicating/tracking the Nifty50 Equal Weight Total Return Index. According to a release by the fund house, the ETF aims to offer investors equal-weighted exposure across all Nifty 50 stocks. #Pahalgam Terrorist Attack Pakistan's General Asim Munir is itching for a fight. Are his soldiers willing? PM Modi chairs 'Super Cabinet' meeting after giving army 'full freedom' India planning to launch military strike against Pakistan within 24 to 36 hours, claims Pak minister The NFO is currently open for subscription and will close on May 6. The scheme will reopen for continuous sale and repurchase from May 12. During the NFO period, the minimum initial investment is Rs 5,000, with subsequent investments in multiples of Re 1. The fund will be jointly managed by Ekta Gala and Akshay Udeshi. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo Also Read | MF Tracker: HDFC Small Cap Fund turns Rs 10,000 SIP to Rs 1.14 crore in 17 years The Nifty50 Equal Weight Index assigns equal weight (~2%) to all Nifty 50 large-cap stocks, reducing concentration risk in individual stocks and offering better diversification. This structure gives relatively more weight to tail-end stocks, making the index more representative of broader market trends, the release noted. Live Events The index tends to exhibit cyclical performance—potentially outperforming during broad-based market rallies but underperforming during corrections or when markets are led by a few large-cap names. 'This ETF seeks to capitalise on opportunities in the large-cap segment during phases of broad-based economic growth, by providing equal opportunity to each company in the Nifty 50,' said Siddharth Srivastava, Head – ETF Products and Fund Manager, Mirae Asset Investment Managers (India). Also Read | Akshaya Tritiya: How gold ETFs performed in last 10 calendar years Investors looking for more diversified exposure to Nifty 50 stocks—with lower concentration in top constituents and increased participation from tail stocks—may find this strategy appealing. It is particularly suited for periods of broad market participation, when gains are more evenly distributed across sectors and companies.
