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Rohan Korde, Fund Manager – Equity, ITI Mutual Fund
Rohan Korde, Fund Manager – Equity, ITI Mutual Fund

Business Mayor

time25-05-2025

  • Business
  • Business Mayor

Rohan Korde, Fund Manager – Equity, ITI Mutual Fund

I'm a third generation Mumbaikar, and given this background my education has been with the State Board and Mumbai University. I am a commerce graduate from RA Podar College, and my post graduate degree is a Masters in Management Studies, specialising in Finance from METIMS. How did you land up in this job? My previous roles had been with various brokerage houses in the institutional equities research department, conducting fundamental and thematic research for nearly 15 years across various sectors, including Autos, Auto Ancillary, Logistics, Capital goods, & Oil and Gas. I joined ITI AMC in June 2019, to apply this experience and transition from the recommendatory nature of sell side research to actual investing and fund management. I joined as a Senior Equity Analyst tracking the Consumption space, but after a year and a half in that role, I took up the challenge of active fund management. In addition to the role of Fund Manager, I also oversee the research function as the Head of Research. Which funds are you currently managing? Currently, I manage four schemes at ITI AMC. The largest being the ITI Mid Cap Fund, which had a corpus of Rs11.2 bn as of the previous month end. This scheme aims to invest in mid cap names that offer earnings visibility and growth potential. I also manage the most recent offering from our house, which is the ITI Bharat Consumption Fund, with an AUM of Rs 1.8 bn. This scheme aims to invest in a mix of established, scalable, and emerging companies and offer diversification with the consumption theme. The third scheme is the ITI Pharma and Healthcare Fund, which has an AUM of Rs 2.2 bn and aims to participate in India's Healthcare sector growth story. I also manage the ITI Value Fund, which has an AUM of Rs 3bn. This fund focuses on bottom-up stock selection with emphasis on price value gap, and also aims to invest in companies and sectors that are facing headwinds or transitional pains, which can get duly resolved over a period of time. Read More Positioning points to further S&P 500 upside - Citi What is your investment philosophy, and how will you describe your investment strategy? The primary investment philosophy is Growth at Reasonable Prices or GARP for the first three schemes mentioned above. GARP ensures that companies with the highest potential to consistently contribute to India's growth story are part of the portfolio, while ensuring, at the same time, that we are not surpassing or exceeding the valuation that any company deserves within reasonable limits. The growth angle from GARP philosophy is, of course, diluted in favour of the value or contra approach for the Value fund. What gives you the kick while managing other people's money? As an investment professional, it is a desire for knowledge, fresh insights, and finding investment opportunities that can generate satisfactory returns on investments over a period of time, which are driving factors. Managing investor money is a responsibility that we take very seriously at ITI AMC, and we strive to ensure that we have in-built risk management measures such as diversification of holdings. The primary objective is to ensure that, over the medium to long term, investors have a good experience with respect to the trust that they have showered upon us. READ SOURCE businessmayor May 25, 2025

Rohan Korde, Fund Manager - Equity, ITI Mutual Fund
Rohan Korde, Fund Manager - Equity, ITI Mutual Fund

Time of India

time25-05-2025

  • Business
  • Time of India

Rohan Korde, Fund Manager - Equity, ITI Mutual Fund

Let's start with your personal story I'm a third generation Mumbaikar, and given this background my education has been with the State Board and Mumbai University. I am a commerce graduate from RA Podar College, and my post graduate degree is a Masters in Management Studies, specialising in Finance from METIMS. How did you land up in this job? My previous roles had been with various brokerage houses in the institutional equities research department, conducting fundamental and thematic research for nearly 15 years across various sectors, including Autos, Auto Ancillary, Logistics, Capital goods, & Oil and Gas. I joined ITI AMC in June 2019, to apply this experience and transition from the recommendatory nature of sell side research to actual investing and fund management. I joined as a Senior Equity Analyst tracking the Consumption space, but after a year and a half in that role, I took up the challenge of active fund management. In addition to the role of Fund Manager, I also oversee the research function as the Head of Research. Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » Which funds are you currently managing? Currently, I manage four schemes at ITI AMC. The largest being the ITI Mid Cap Fund, which had a corpus of Rs11.2 bn as of the previous month end. This scheme aims to invest in mid cap names that offer earnings visibility and growth potential. I also manage the most recent offering from our house, which is the ITI Bharat Consumption Fund, with an AUM of Rs 1.8 bn. This scheme aims to invest in a mix of established, scalable, and emerging companies and offer diversification with the consumption theme. The third scheme is the ITI Pharma and Healthcare Fund, which has an AUM of Rs 2.2 bn and aims to participate in India's Healthcare sector growth story. I also manage the ITI Value Fund, which has an AUM of Rs 3bn. This fund focuses on bottom-up stock selection with emphasis on price value gap, and also aims to invest in companies and sectors that are facing headwinds or transitional pains, which can get duly resolved over a period of time. What is your investment philosophy, and how will you describe your investment strategy? The primary investment philosophy is Growth at Reasonable Prices or GARP for the first three schemes mentioned above. GARP ensures that companies with the highest potential to consistently contribute to India's growth story are part of the portfolio, while ensuring, at the same time, that we are not surpassing or exceeding the valuation that any company deserves within reasonable limits. The growth angle from GARP philosophy is, of course, diluted in favour of the value or contra approach for the Value fund. Live Events What gives you the kick while managing other people's money? As an investment professional, it is a desire for knowledge, fresh insights, and finding investment opportunities that can generate satisfactory returns on investments over a period of time, which are driving factors. Managing investor money is a responsibility that we take very seriously at ITI AMC, and we strive to ensure that we have in-built risk management measures such as diversification of holdings. The primary objective is to ensure that, over the medium to long term, investors have a good experience with respect to the trust that they have showered upon us.

Opposition leader slams ill-planned transition to CBSE curriculum for government schools
Opposition leader slams ill-planned transition to CBSE curriculum for government schools

The Hindu

time16-05-2025

  • Politics
  • The Hindu

Opposition leader slams ill-planned transition to CBSE curriculum for government schools

The leader of Opposition and DMK convenor R. Siva has blamed the lack of preparedness of the government for the poor performance of several government school students in the CBSE Class 10 examination post-migration from the State Board. In a statement, Mr. Siva said inadequately trained teachers, infrastructure gaps and poor academic support during transition from the State Board to the CBSE curriculum had adversely affected students' performance. The DMK leader cited the debacle at the Savarirayalu Government High School where 45 out of 67 students failed in the science exam as an example of how the ill-planned transition had heaped injustice on students. Mr. Siva also raised concerns about the poor infrastructure, especially the lack of laboratories, libraries, and modern teaching tools, in many schools. The DMK leader wanted to know the rationale behind the AINRC-BJP government's undue haste in implementing the switch to CBSE curriculum when even several BJP-ruled States had not done so. He cautioned that poor academic performance could compel many students to opt for vocational training programmes instead of continuing with their higher secondary education. Given the importance of education in shaping the future of students, the government should immediately take up remedial measures, such as organising focused coaching programmes for failed students, improving teacher training and upgrading school infrastructure, Mr. Siva said.

Why are Texas schools hiring uncertified teachers? Not enough certified ones are applying
Why are Texas schools hiring uncertified teachers? Not enough certified ones are applying

CBS News

time12-05-2025

  • General
  • CBS News

Why are Texas schools hiring uncertified teachers? Not enough certified ones are applying

Number of certified teachers in Texas classrooms on the decline, TEA says Number of certified teachers in Texas classrooms on the decline, TEA says Number of certified teachers in Texas classrooms on the decline, TEA says Schools in Texas are struggling to get and keep certified teachers in the classroom, educators say. The Texas Education Agency said that for the 2024-2025 school year, 43,800 new teachers were hired in Texas and only 45% of them were certified. "A certified teacher in the classroom means that they have undergone training to lead to their success," said Jean Streepey, chair of the State Board for Educator Certification and Highland Park High School teacher. "Preparation includes 50 hours of field-based experiences, 300 hours of coursework. They also have observations and coaching from someone outside of the school, in addition to a mentor inside the school." There are several types of certifications a teacher can obtain, including: Early childhood through 3rd grade Early childhood through 6th grade 4th through 8th grade 7th through 12th grade Special education Bilingual education Within 4th through 8th and 7th through 12th, teachers can get certified for English, history, math and science. Teachers must also pass state exams. It's a process that takes more than a year to complete. In 2015, state lawmakers created Districts of Innovation, allowing public school districts to apply for exemptions to sections of the Texas Education Code. Exemptions like hiring uncertified teachers to fill teaching positions. According to the TEA, there are nearly 1,000 Districts of Innovation in Texas. There are 155 of them in North Texas – that's every school district in the area except Tioga ISD in Grayson County. If a teacher isn't certified, studies show that students are more likely to fall behind. According to research from Texas Tech University, on average, students with uncertified teachers lose three to four months of learning. However, it also shows that uncertified teachers with prior classroom roles do not negatively impact student outcomes. Uncertified teachers are also less likely to stay in the classroom long-term. So, why hire uncertified teachers? Simply, there are not enough certified teachers to fill positions. "It seems to be a bit of a necessity," Dixon said. District context is also important when hiring. "We would expect to have non-certified teachers, perhaps in CTE, career tech ed classes, such as welding or architecture, or something where someone's bringing in industry knowledge," said Jean Streepey, chair of the State Board for Educator Certification and Highland Park High School teacher. "but the question becomes, do we use that same standard for hiring someone who's teaching a second grader to read?" It's important to note, charter and private schools are not required to hire certified teachers. Streepey said that in the long run, having a certified teacher in the classroom is invaluable. "Research will tell us that certified teachers stay longer, and their students achieve more. But we, as communities, reap the long-term benefits of that. And if we want teachers to become certified, the time to invest in them is on the front side." At East Texas A&M, they work with universities across the state to get teachers certified. "We really want to work collaboratively to try to help get well-prepared, highly qualified teachers in all of the classrooms in the State of Texas," says Dixon. State lawmakers are working to get more certified teachers in the classroom. HB 2 would require certified teachers to instruct core classes in public schools. That bill is currently sitting in a Senate education committee, where it's been since April 23. HB 1178 would allow a temporary certification for teachers who are certified in other states. The House has voted on that bill. Once the vote has been certified, it will move to the Senate for consideration. If you would like to see if your child's teacher is certified, you can check their status on the certificate lookup section on the TEA's website here.

Action plan helps takes Ariyalur to the top position in Class XII pass percentage
Action plan helps takes Ariyalur to the top position in Class XII pass percentage

The Hindu

time08-05-2025

  • General
  • The Hindu

Action plan helps takes Ariyalur to the top position in Class XII pass percentage

Ariyalur district has emerged as a top performer in the State with a pass percentage of 98.82 in Class XII examinations. Officials attribute this achievement to a well-crafted action plan that significantly improved the district's performance. Ariyalur, which ranked third among the districts in the previous academic year with a pass percentage of 97.25 has recorded an improvement this year. The district emerged with the highest pass percentage of 98.32 among government schools, according to the State Board public examination results released on Thursday. As many as 8,432 students (4,128 boys and 4,304 girls) out of 8,533 students, who appeared for the exam, had cleared them with a pass percentage of 98.82. Cent per cent pass result had been achieved by 58 schools, including 29 government schools, in the district. According to Chief Education Officer I. Sivanandan, a district-level action plan was drawn up to improve the performance of government schools in the public exams. 'We prepared a subject-wise minimum learning material so that teachers could identify slow learners and focus on improving their performance. Daily coaching before and after school hours, regular written tests, monitoring test results of each student and conducting monthly reviews to analyse the school's performance helped us improve the district's pass percentage,' he said. The central districts have recorded a pass percentage of more than 92 this year. 95.83% pass in Tiruchi As many as 29,916 students out of 31,218 cleared the exams, putting the pass percentage at 95.83 in Tiruchi district. Around 87 schools, including 10 government schools, 23 government-aided schools, two Anglo-Indian schools and 52 private schools, registered 100% pass results. Of the 106 government schools in the district, only 10 managed to achieve 100% pass results. The Tiruchi City Corporation's only higher secondary school on East Boulevard Road has recorded a 100% pass in Class XII examinations. All 43 students (24 boys and 19 girls), who appeared for the exam, have cleared them. The school recorded 100% results for the third consecutive year. Similarly, all 16 students of the Government Higher Secondary School for Blind Girls at Puthur in Tiruchi have come out with flying colours in the examination by achieving cent per cent results for the seventh time in a row. Thanjavur district registered a pass percentage of 95.80, with 25,438 out of the 26,553 students, who appeared for the exams, having cleared them. As many as 65 schools, including 14 government schools, recorded 100% pass results in the district. As many as 12,224 out of 12,956 students came out successful, recording a pass percentage of 94.35 in Tiruvarur district. A total of 28 schools registered 100% pass results in the district. Perambalur at 8th position Perambalur district secured the eighth position in the State by recording 96.58% pass in the examinations this year. As many as 7,202 out of 7,457 students cleared the exams. Thirty-six schools, including eight government schools, recorded 100% pass results in the district. Nagapattinam district registered a pass percentage of 96.03, with 6,236 out of the 6,494 students clearing the exams. As many as 23 schools, including 10 government schools, recorded 100% pass results in the district. As many as 9,416 out of 10,053 students came out successful in the exams, recording a pass percentage of 93.66 in the Karur district. A total of 4,641 government school students had cleared the exam. Of the 103 schools in the district, only 25 managed to achieve 100% pass results. In Mayiladuthurai district, 9,373 out of the 10,052 students cleared the exams with a pass percentage of 93.25. Thirty-three schools, including three government schools, recorded 100% pass results in the district. Of the 20,367 who had appeared for the exams, 18,849 students cleared them with a pass percentage of 92.55 in Pudukottai district. As many as 54 schools, including seven government schools, recorded 100% pass results in the district.

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