Morningstar® Investment Conference

September 17-18, 2019 | Hotel Sahara Star, Mumbai

Morningstar presents the latest developments on financial advice from the industry’s top minds. Discover new perspectives on the market and ideas to put into practice.

Speakers

Tap into a dialogue about the most important research on investing this year.
Keynote Speakers

Daniel Needham

Morningstar Investment Management

Daniel Needham, CFA, is president and chief investment officer for Morningstar’s Investment Management group, a unit of Morningstar, Inc. Investment Management provides retirement, investment advisory, and portfolio management services for financial institutions, plan sponsors, and advisors through investment management entities around the world. Needham also chairs the Global Investment Policy Committee, which oversees the unit’s global investment capabilities, committees, and processes.

John C. Bogle

The Vanguard Group

Kunal Kapoor

CEO, Morningstar Inc.

Kunal Kapoor is the chief executive officer of Morningstar. Before assuming his current role in 2017, he served as president, responsible for product development and innovation, sales and marketing and driving strategic prioritization across the firm

Main Stage Speakers

Gurudev Sri Sri Ravi Shankar

The Art of Living

Born in 1956 in Southern India, Gurudev Sri Sri Ravi Shankar is a humanitarian leader, spiritual teacher, and an ambassador of peace. He founded The Art of Living as an international, non-profit, educational and humanitarian organization.

Motilal Oswal

Motilal Oswal Financial Services

Motilal Oswal is the Chairman and Managing Director of Motilal Oswal Financial Services Ltd. He is a Chartered Accountant and started the business along with co-promoter, Raamdeo Agrawal in 1987. Today, MOFSL has a market cap of Rs 11,000 crore.

Amitabh Kant

Amitabh Kant is CEO of National Institution for Transforming India (NITI). He is a member of the Indian Administrative Service, IAS (Kerala Cadre: 1980 batch). He is the author of Branding India - An Incredible Story.

Bittu Sahgal

Sanctuary Nature Foundation

Bittu Sahgal is Founder of Sanctuary Nature Foundation, Editor of Sanctuary Asia, India's first and largest circulating wildlife & ecology magazine (1981) and Founder-Editor of Sanctuary Cub, India’s oldest and only wildlife magazine for children.

Sanjoy Bhattacharya

Fortuna Capital

Sanjoy is the managing partner of Fortuna Capital, the investment adviser to London-based Ocean Dial Asset Management. He wrote a column on investments and behavioural finance for Forbes India from its inception through early 2014.

Shankar Sharma

First Global

Shankar started First Global in 1990. He is now in-charge of the cell that identifies key changes and inflection points in markets across the globe. Shankar did his MBA from Asian Institute of Management, Manila and had finished on Dean’s List.

Anup Maheshwari

IIFL Asset Management

Anup Maheshwari is the Joint - CEO & CIO at IIFL Asset Management Limited. An alumnus of IIM Lucknow, he has over 24 years of experience in financial services. Prior to joining IIFL, he has been associated with DSP MF for over 21 years.

Nilesh Shah

Kotak Mahindra AMC

Nilesh is the managing director of Kotak Mahindra Asset Management Co Ltd. He has over 25 years of experience in the finance industry working in various leadership positions and as an award-winning fund manager.

Ramesh Damani

Bombay Stock Exchange

Ramesh Damani has been a broker at the Bombay Stock Exchange since 1989, where he serves on the index and the ethics committees. He has hosted a number of shows for CNBC-TV18, among them, Wizards of Dalal Street, Oriental & Occidental and RD 360.

Amit Bivalkar

Sapient Wealth

Sapient has more than 3,000 crores of AUM with presence in Mumbai, Pune and North-East. Prior to forming Sapient Wealth, Amit was the Regional Head of Sales at AIG Investments. Amit has over 20 years of experience in the financial services industry.

Ashvin Parekh

Ashvin Parekh Advisory Services LLP

Ashvin is the Founder of Ashvin Parekh Advisory Services LLP which provides services to the boards and the management of the financial services sector companies. Ashvin retired as a Senior Partner from Ernst & Young in June 2013.

Ajay Bagga

Market Expert

Bagga has over 26 years of experience in the financial services segment, working with firms including Deutsche Bank, Citigroup and General Electric. Ajay has also served as chairman of the Financial Planning Standards Board of India.

Dhruv Mehta

Dhruv Mehta

Dhruv Mehta, is a practicing Independent Financial Advisor (IFA), since 2003 and is based out of Mumbai. He is managing surpluses of over US$ 200 mn for various family offices, corporates and high net worth individuals.

Santosh Kamath

Franklin Templeton AMC

Kamath oversees the fixed income functions of locally managed debt funds and is responsible for managing $ 6.5 billion AUM. Kamath joined FT in 2006. He has over 20 years of investment and research experience in the Indian asset management industry.

Mary Leung

CFA Institute

Mary is Head, Advocacy, Asia Pacific at CFA Institute. She has over 20 years of experience in the global financial industry, having worked in wealth management & fund management. Mary graduated from Peterhouse, Cambridge with a degree in Engineering.

Naganath Sundaresan

Franklin Templeton

Naganath Sundaresan is President and Chief Investment Officer of Franklin Templeton Alternative Investments. He was previously the President and CIO of DSP BlackRock Investment Managers and has also worked in Hong Kong and New York as a portfolio manager.

Hiren Ved

Alchemy Capital

Hiren Ved started his career with KR Choksey & Co, a sell side firm known for value investment approach and graduated to become the firm’s Head of Research. He brings over two decades of experience in bottom-up stock picking and managing portfolios.

Rahul Rathi

Purnartha Investment Advisers Pvt. Ltd.

Rahul Rathi has 20 years of investment and risk management experience gained from working with global investment firms. His professional and personal legacy of creating phenomenal wealth in markets has inspired Purnartha's investment philosophies.

Shahzad Madon

Reliance Capital

Shahzad has 29 years of experience across banking, investment management & financial services. He joined Reliance Nippon AMC in June 2010 and has been instrumental in setting up the Portfolio Management Services & Alternative Investment Business.

Saugata Bhattacharya

Axis Bank

Saugata Bhattacharya is Chief Economist at Axis Bank. He was a member of RBI’s Group on Monetary Policy Operating Procedure. In 2017, he was named a Chevening Financial Services Fellow of the UK Government.

Nilesh Shah

Envision Capital

Nilesh Shah is the managing director and CEO of Envision Capital, as well the portfolio manager for India Value Portfolio. He is a recipient of several academic, professional and literary awards, and has spoken at the Columbia Business School.

Neelesh Surana

Mirae Asset (India)

Neelesh has been associated with Mirae Asset since 2008. He spearheads the equity research and investment function and is responsible for managing equity funds of Mirae Asset (India), as well as, providing research support for the global mandate.

Sandeep Tandon

Quant

Sandeep Tandon has over 27 years of experience in multi-dimensional cross asset, cross market investment research. He is the founder of Quant Group, which has presence in the money management and investment advisory space.

Kuntal Shah

Oaklane Capital

Kuntal Shah is partner at Oaklane Capital Management and has over two decades of investing experience. He was part of a 3-member principal team supported by 20 professionals looking after a portfolio of $600 mn for a family office.

Hiren Ved

Alchemy Capital

Hiren Ved started his career with KR Choksey & Co, a sell side firm known for value investment approach and graduated to become the firm’s Head of Research. He brings over two decades of experience in bottom-up stock picking and managing portfolios.

Rahul Rathi

Purnartha Investment Advisers Pvt. Ltd.

Rahul Rathi has 20 years of investment and risk management experience gained from working with global investment firms. His professional and personal legacy of creating phenomenal wealth in markets has inspired Purnartha's investment philosophies.

Shahzad Madon

Reliance Capital

Shahzad has 29 years of experience across banking, investment management & financial services. He joined Reliance Nippon AMC in June 2010 and has been instrumental in setting up the Portfolio Management Services & Alternative Investment Business.

Saugata Bhattacharya

Axis Bank

Saugata Bhattacharya is Chief Economist at Axis Bank. He was a member of RBI’s Group on Monetary Policy Operating Procedure. In 2017, he was named a Chevening Financial Services Fellow of the UK Government.

Suresh Sadagopan

Ladder7 Financial Advisories

Suresh Sadagopan is the Founder of Ladder7 Financial Advisories, a specialist advisory firm. A SEBI-registered RIA, he has under his belt MMS, Certified Financial Planner, Chartered Trust & Estate Planner and Registered Life Planner certifications.

Harsh Gahlaut

FinEdge

Harsh is Co-Founder & CEO of FinEdge, a bionic financial advisory firm with a unique high tech-high touch model to enhance the delivery of value to its clients. FinEdge caters to over 20,000 clients across 650 cities and 55 countries.

Nandita Parker

Karma Capital

Nandita has 28 years of experience in emerging markets investing and founder of Asset Managers Roundtable of India. She had done MBA (Finance) from the College of William Mary (Virginia), and Bachelor of Arts in Economics from Delhi University.

N Jayakumar

Prime Securities

N. Jayakumar has over 30 years of experience in the capital & money markets. Currently, he serves as the President of Prime Securities, where he has spent more than 23 years of this professional career. Previously, he worked with Citibank, N.A.

Harsha Upadhyaya

Kotak Mahindra AMC

Harsha heads the equity desk at KMAMC and also directly manages funds such as Kotak Select Focus, Kotak Opportunities and Kotak Tax Saver. He holds CFA charter from the CFA Institute and has over two decades of experience in fund management.

Ayesha Faridi

ET Now

Ayesha Faridi is anchor for ET Now. Ayesha is a journalist by training, having graduated from Delhi University. Prior to joining ET Now as a Markets Anchor, she has worked as Anchor and Research Analyst at CNBC TV18.

Morningstar Speakers

Aditya Agarwal

Morningstar

Aditya Agarwal is Managing Director of Morningstar India. He joined Morningstar in 2008, to set up company’s Mumbai office. The following year, he was chosen to lead its offshore development center. Before joining Morningstar, he headed ICRA Online.

Daniel Needham

Morningstar

Daniel Needham, CFA, is president and chief investment officer for Morningstar’s Investment Management group, a unit of Morningstar, Inc. Investment Management provides retirement, investment advisory, and portfolio management services for financial institutions, plan sponsors, and advisors through investment management entities around the world. Needham also chairs the Global Investment Policy Committee, which oversees the unit’s global investment capabilities, committees, and processes.

Dhaval Kapadia

Morningstar

Dhaval is the director of investment advisory for Morningstar India. He is responsible for leading Morningstar’s investment consulting business, and has more than 17 years of experience in fixed income, equity markets and investment advisory.

Kaustubh Belapurkar

Morningstar

Kaustubh joined Morningstar in September 2015 as the director of manager research for the company’s Mumbai office. He holds a master’s degree in management studies from the Indian Institute of Management, Calcutta.

Matt Wacher

Morningstar

Matt Wacher is CIO, Asia Pacific, for Morningstar’s Investment Management group. He is responsible for leading the investment management teams in Asia Pacific and overseeing the multi-asset and equity-managed funds and managed accounts capabilities.

Sarah Newcomb

Morningstar

Dr. Sarah Newcomb is a behavioral economist at Morningstar where she works to integrate findings from behavioral science into tools for advisers. She is the author of LOADED: Money, psychology, and how to get ahead without leaving your values behind.

Madison Sargis

Morningstar

Madison Sargis is associate director of quantitative research on Morningstar’s Quantitative Research team. In this role, Sargis is responsible for leading in the ideation and implementation of quantitative research methodologies.

Joan Schaper

Morningstar

Joan Schaper is head of index products at Morningstar. In this role, Schaper is responsible for Index development, product management, marketing, operations and business solutions. Prior to that, Schaper was head of Morningstar’s global data & development centers.

Jeffrey Ptak

Morningstar

Jeffrey Ptak is the head of global manager research for Morningstar Research Services LLC. Jeffrey joined Morningstar in 2002 as senior mutual fund analyst and has also served as director of ETF analysis & as the editor of Morningstar ETF Investor.

Agenda


9:00 - 9:30

Registration and Breakfast


9:30 - 9:40

Welcome

Aditya Agarwal


9:40 - 10:05

Opening Remarks

Daniel Needham


10:05 - 10:55

Keynote Address

Amitabh Kant

$5-Trillion Economy: The Vision and The Challenge

Achieving the $5-trillion vision by 2024-25 appears fantastical. To get there, the economy needs to grow at over 8% annually. Amitabh Kant suggests a multi-pronged effort. He advocates a thrust on exports, an aggressive foray into sunrise industries, deployment of technologies such as Artificial Intelligence (AI) and Machine Learning (ML), and structural reforms in agriculture and labour. Such mechanisms will enable states to double and triple their own GDPs and allow the nation to propel forward.


10:55 - 11:25

Navigating the Global Investment Environment

Matt Wacher

Geopolitics has never played such a significant role in moving markets as it does today. The evolving US-China trade relationship, Chinese domestic economic reform, Brexit, oil price swings, the right-wing populist surge across the globe, are some of the events shaping the global, economic and strategic order. Simultaneously, extreme valuation discrepancies exist between markets. How are we positioning our Indian portfolio to take advantage of these dynamics?


11:25 - 11:45

Break


11:45 - 12:15

Factor-based Investing

Madison Sargis

Investment factor analysis has evolved beyond value and size. Morningstar has expanded its line-up of investment factors to include momentum, quality, low volatility, yield. In this session advisors and gatekeepers will learn how to use these new dimensions to evaluate and monitor portfolio manager processes.


12:15 - 1:05

The Practical Yogi

Sri Sri Ravishankar in conversation with Ajay Bagga

A practical yogi, Sri Sri has opined that for any major social transformation, dynamism driven by inner peace will alone create sustainable change in mindset. In this engagement, he makes ancient wisdom relevant to contemporary minds.


1:05 - 2:05

Lunch


2:05 - 2:50

Economy, Markets & Credits in an Uncertain Growth Environment

Panel

Harsha Upadyaya, Neelesh Surana, N Jayakumar, Santosh Kamath, Moderator - Kaustubh Belapurkar

The equity market, after a stellar run, began to show signs of fatigue in 2018. Muted economic growth was amplified by the crisis of confidence fuelled by the IL&FS episode. The subsequent credit crisis led to a full-blown slowdown in the economy, with second order derivative effects now visible across several sectors. Are we out of the woods or is there more pain around the corner? What must be done to get us back on track? Veteran money managers discuss how they are navigating these troubling times and how investors should or should not react.


2:50 - 3:25

What is Financial Health, Really?

Presentation

Sarah Newcomb

The concept of financial heath goes beyond one’s bank balance. It extends to how we feel about our financial situation. An individual’s attitude toward finances is just as essential to overall health as it is to the economic aspects of one’s life. Financial anxiety can drain you of quality of life. This talk will overview Morningstar’s research into the minds of spenders and savers, and explain how four simple mental factors can develop a healthy financial mindset.


3:25 - 4:05

Lessons, Learnings and Wisdom

Motilal Oswal in Conversation with Kaustubh Belapurkar

Motilal Oswal is a legendary figure in the financial spectrum. Right from scratch, he set up a business that now encompasses asset management, private equity, wealth management, retail broking, investment banking, institutional equities and home finance. Being an involved participant in the capital market and having seen it through many hues and phases, he brings a perspective that is packed with insight and knowledge. Listen to him share his experience and learnings.


4:05 - 4:25

Break


4:25 - 4:55

A Perspective on Conservation

Presentation

Bittu Sahgal

Progress comes with a hefty price tag — damage to the environment and detrimental impact on wildlife. Conservation isn’t about halting progress but learning to adapt environments for the benefit of human and animal life. When wildlife thrives, and the environment is safeguarded, people benefit. After all, our most vital relationship is with our planet.


4:55 - 5:15

Carbon Risk and ESG

Joan Schaper

Investors are increasingly recognizing the risks and opportunities posed by climate change, yet they typically don’t know the extent to which a portfolio is exposed to carbon risk. Carbon risk, also referred to as transition risk, is about how well-positioned a company is to make a successful transition to a low-carbon economy. As the world moves toward greenhouse gas emissions reductions, investors need tools to monitor, manage, and reduce risks stemming from carbon exposure in portfolios.


5:15 - 5:55

Navigating the Alternative Investment Spectrum

Anup Maheshwari, S Naganath, Sandeep Tandon, Shahzad Madon, Moderator - Ayesha Faridi

Asset managers across the globe have become progressively focused on diversifying their clients’ portfolios with alternative investments. The gamut to complement the traditional stocks and bonds is pretty impressive: quant funds, ESG, strategic beta, REITs, commodities, collectibles, art, private equity and cryptocurrency. As these assets find a way into the portfolios of Indian investors, what are the implications with regards to liquidity, risk and concentration? Is there an evident payoff?


5:55 - 7:10

Prudent Strategy in a World of Uncertainty

Hiren Ved, Rahul Rathi, Shankar Sharma

Investment legends have their own unique style. That is normally a combination of a superior process, the execution of their investment method with discipline, and successfully coping with psychological biases. These well-known investors share on their winning strategy.


7:10 onwards

Networking Cocktails & Dinner


*Agenda is subject to change


8:00 - 8:30

Registration


8:30 - 9:15

Meditation

Art of Living


9:15 - 9:45

Breakfast


9:45 - 10:00

Welcome

Matt Wacher


10:00 - 10:25

Keynote

Ashvin Parekh

The Need for Pension Planning

While the world is familiar with India’s much vaunted demographic dividend, The Economic Survey 2019 noted that this sweet spot won’t last for long, and that some states will start transitioning to an ageing society by the 2030s. Either way, it is evident that India’s demography is ripe for pension planning. The NPS is a progressive and much needed step in that direction.


10:25 - 11:05

The Art of Betting Against the Tide

Presentation

Ramesh Damani

Ramesh Damani made his debut as a stock investor in 1989, when the Sensex was at a mere 800 points. Over this long and extremely eventful journey, he has become a legend in the Indian stock market. To be a value investor in a growth market requires tremendous conviction. Being a contrarian, he picked up Sundaram Finance from the proceeds of his Infosys sale, and has held on through thick and thin, even when the stock tumbled 60% from its high. He speaks on his learnings, the joys of being a contrarian, and how to avoid a value trap.


11:05 - 11:30

Global Trends in Mutual Fund Investing

Jeff Ptak


11:30 - 11:50

Break


11:50 - 12:35

The Future of Advice

Panel

Amit Bivalkar, Dhruv Mehta, Harsh Gahlaut, Suresh Sadagopan, Moderator - Dhaval Kapadia

Advisers provide guidance in multiple realms of one’s financial life: planning for retirement, minimising the tax burden, budgeting, debt reduction, and behavioural coaching to keep one grounded during market upheavals. However, research suggests a difference in perception in what investors value and what advisers believe that investors value. Are advisers meeting clients' perceptions as their business models are concurrently dealing with shrinking margins amidst financialization of savings?


12:35 - 1:05

The Genesis of the Slowdown

Saugata Bhattacharya

The Indian economy has been running on two engines over the past few years—private consumption and government spending. With private consumption growth weakening and government finances constrained, can it be concluded that the slowdown is structural and protracted in nature, or does evidence point to a cyclical downturn?


1:05 - 2:00

Lunch


2:00 - 2:35

The Wisdom of Crowds and the Fallibility of Markets

Daniel Needham

Markets behave as complex adaptive systems, with many agents acting, learning, and evolving within the environment at once. This session covers the psychology and dynamics of investing, including how contrarians may benefit over the long-term.


2:35 - 3:20

The Unknown as a Market Differentiator

Kuntal Shah, Nandita Parker, Nilesh Shah (Envision) , Moderator - Ajay Bagga

Shrewd investors don’t fear uncertainty. They leverage disruptive change by making targeted, bold moves toward new market opportunities. A discussion on the tactical framework renown investors use, based on mitigating and managing the potential consequences. And how they perceive market differentiators as opportunities to make money.


3:20 - 4:05

The Road Ahead for Fixed Income Investors

A Discourse

Nilesh Shah (Kotak), Sanjoy Bhattacharyya, Moderator - Dhaval Kapadia

It appears that the jazz age of India’s debt market is grinding to a halt. A series of difficulties have pulled the carpet out from under everyone’s feet. Credit investors are continuing to wade through troubled waters with a relentless stream of downgrades and defaults weighing in on investor sentiment. Sudden downgrades post a default have led to questions about India’s rating agencies. The regulator has stepped in to introduce tighter norms. Managers grapple with stressed investments, jittery investors and shrinking flows. An analysis on the implications for investors.


4:05 - 4:25

Break


4:25 - 5:00

Global Trends in Advisory

Presentation

Mary Leung

From sweeping regulatory changes, squeezing margins, volatile markets to increasing competition from DIY portals, the last few years have been turbulent for financial advisers in India. Indian regulators are taking a leaf out of their global peers in bringing some of the global best practices in India. A perspective on the global regulatory trends reshaping the wealth management industry and how these changes have impacted advisers and investors.


5:00 - 6:00

Improve Client Retirement Readiness

Workshop

Sarah Newcomb

People often think of retirement as a far-off time in life when they will stop working. Unfortunately, they fail to actively plan for how they will replace their labour income when that time arrives. This workshop will focus on a simple technique for helping clients understand the fundamental principles of economics that can help them make better retirement planning decisions. Blending psychology with economics, it will provide a clear and simple way for clients to comprehend where they stand in their retirement preparation, and what must be done in order to reach their goal.


6:00 - 6:10

Closing Remarks


*Agenda is subject to change

When You Get Here

Welcome to Mumbai

Its Morningstar India’s home and hub for business and culture. At Hotel Sahara Star Mumbai, you’ll be steps away from Mumbai airport, dining, shopping and more.

Where you’ll Stay

Unwind at the Hotel Sahara Star Mumbai after a full day at the conference. The hotel is located in the centre of the city. Get a special hotel rate as a conference attendee.

Note: Hotel room fees are not included in the conference price. You must book and pay for your room individually.

Hotel Sahara Star, Sapphire Ballroom

Opposite Domestic Airport, Vile Parle (East),

Mumbai- 400099

Morningstar does not hire or authorize anyone to contact you to book your rooms at the Hotel Sahara Star for the Morningstar Investment Conference.

If you are contacted by a third party to book your room at the Hotel Sahara Star for the Morningstar Investment Conference. Please contact : micindia@morningstar.com

Partnership Opportunities

Be a visible part of the MIC experience by becoming a partner. It’s about more than attendees seeing your company’s logo—it’s an effective way to reach decision makers. Contact us for partnership details.


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See You at the Conference