HDFC AMC has launched the 4th edition of its Charity Fund for Cancer Cure: a great idea that began in 2011 has now evolved into the most noble movement in our industry. Proceeds from this initiative have already benefited more than 13,000 underprivileged cancer patients from across the country, giving them hope when all they had was despair.
To know more about the HDFC Charity Fund for Cancer Cure, copy paste this link onto a new window in your browser: http://www.wealthforumtv.com/hdfc_cancer_cure.pdf
Each one of us can become an impact investor by investing in this 3+ years FMP. We can donate part of the income from this FMP to the Indian Cancer Society. HDFC AMC will match our donations (upto an amount of Rs. 16crores p.a.). So far, over Rs.190 crs have been donated through this philanthropic investment vehicle, with around 90 crs coming from investors and close to 100 crs directly from HDFC AMC’ P&L. The AMC has also waived fund management charges for this scheme.
The manner in which patients are screened, vetted and approved for donation is truly remarkable – from employing cutting edge AI tools for initial screening to enlisting medical luminaries and industry captains to devote selfless hours to ensure that funds are directed to the most deserving patients. Little wonder that the entire operation is managed at an expense of less than 5% of total amount – way below the 15-17% admin cost levels of popular charities.
Navneet thanks all the distributors and investors who willingly and wholeheartedly participated in the earlier editions of this fund and makes a passionate appeal to every distributor, advisor and wealth manager: please reach out to all your clients, spread the word, do your best to make every client family an impact investor, participate in this noble cause of bringing hope and healing to those who need it most.
India macro outlook: how much of all the talk of this being India’s decade is hype and how much is substantiated by on-ground reality?Navneet shares his wide ranging incisive perspectives on India’s macro outlook in his inimitable manner.
Global macro outlook: from hard landing to soft landing and now to no landing – the speed and magnitude of changing global macro outlook is unprecedented. Navneet helps us navigate through what many of us will want to label “this time its different” – notwithstanding the fact that these are the 4most dangerous words any forecaster can utter.
Active vs passive vs smart beta : Navneet continues to be a big believer in active management as he showcases his fund house’s track record of generating alpha. Passives and smart beta strategies will grow rapidly as they provide solutions to specific investor needs. While he believes they will grow faster in percentage terms than active given their low bases, he sees active management continuing to be the dominant stream of fund management this decade.
Navneet attributes HDFC MF’s resurgence in equity fund performance to having all the components well in place, for a long time –including clear fund mandates, well articulated investment philosophy, robust research, robust portfolio construction processes and strong risk management processes.