INDIA 10TH ANNIVERSARY – ALL DIGITAL

Morningstar
Investment Conference

Two days of research, analysis, and insights. Join us 3–4 November, from wherever you are.

See the Future of Investing

The Morningstar Investment Conference is designed to help investing professionals recognize lessons from the past, understand what’s happening right now, and peek around the corner to see what’s next.

2020 Speakers

The conference brings together some of the financial industry’s top minds.

Keynote Speakers

Dr. Rajiv Kumar

NITI Aayog

Dr. Rajiv Kumar is Vice Chairman, NITI Aayog, in the rank and status of a Cabinet Minister. He also serves as the Chancellor of Gokhale Institute of Politics and Economics, Pune. His earlier stint in Government was initially with the Ministry of Industry and subsequently in the Ministry of Finance, as Economic Advisor during the reform years of 1991-1994. He also served as an independent director on the Central Boards of the Reserve Bank of India and the State Bank India. He has wide experience of having worked in government, academia, industry associations, as well as in international financial institutions. Dr. Kumar has a Ph.D. in Economics from Lucknow University, India and a D. Phil. From Oxford University, UK

Narayana Murthy

Catamaran

Mr. Murthy founded Infosys in 1981. Infosys is, today, a highly-innovative software services global company listed on NYSE in the US and on the Bombay Stock Exchange in Mumbai. Mr. Murthy conceptualized, articulated and implemented the Global Delivery Model (GDM) which has become the backbone of the Indian software industry. GDM is based on collaborative distributed software development principles and has resulted in the delivery of superior quality software to global customers delivered on time and within budget. Mr. Murthy also introduced the concept of 24-hour work day to the world. Under Mr. Murthy’s leadership, Infosys became the leader in innovation in technical, managerial and leadership training, software technology, quality, productivity, customer focus, employee satisfaction, and physical and technological infrastructure. In 2014, Mr. Murthy was ranked 13th among CNBC’s 25 global business leaders and listed among the ‘12 greatest entrepreneurs of our time’, by Fortune in 2012. He has received Legion d’honneur from France, CBE from Britain and Padma Vibhushan from India. The Economist ranked him among the 10 most-admired global business leaders in 2005. Mr. Murthy is ranked among the top 10 of the Financial Times’ list of “Business pioneers in technology”, published in March 2015. He is the first Indian winner of Ernst and Young’s World Entrepreneur of the Year award. Mr. Murthy was elected as a member of the prestigious American Academy of Arts and Sciences in 2019. He is a foreign member of the US National Academy of Engineering and a Fellow of the Indian National Academy of Engineering. He received the Founders Medal in 2018, the Hoover medal in 2012 and the Ernst Weber Medal in 2007, all the three from IEEE. He has received Thomas Jefferson medal and James C. Morgan Global Humanitarian Award. Currently, Mr. Murthy serves on the boards of Ford Foundation, the Institute for Advanced Study at Princeton, New Jersey and the United Nations Foundation. He has served on the boards of HSBC and Unilever, both headquartered in London. He has served as a member of the boards of various well-known universities in the US like Cornell University, Wharton School, the Graduate School of Business at Stanford University and the Rhodes Trust at Oxford. He was the Chairman of the Indian Institute of Management (Ahmedabad), the #1 business school in India, and the Public Health Foundation of India (PHFI). He is a member of the advisory board of the University of Tokyo (Japan), ESSEC Business School (France), IESE Business School (Spain) and Fundação Dom Cabral (FDC – Brazil). He has also served on the international advisory boards of Yale University, University of Illinois at Urbana-Champaign, William F. Achtmeyer Center for Global Leadership at the Tuck School of Business, Singapore Management University INSEAD, Asian Institute of Technology (Bangkok), the Indian School of Business (Hyderabad), and the International Institute of Information Technology, Bangalore. He is also a Trustee of the Infosys Science Foundation, which governs the Infosys Prize, an annual award, to honor outstanding achievements of researchers and scientists across six categories.

Lord Nicholas Stern

London School of Economics

Nicholas Stern is IG Patel Professor of Economics and Government; Co-Director, India Observatory; Chair, Grantham Research Institute at LSE. He has held posts at other UK & overseas universities, and as Chief Economist at both the EBRD and the World Bank. He was Head, UK Government Economic Service 2003-2007, and produced the Stern Review on the economics of climate change. He was knighted for services to economics (2004), made a life peer (2007), and appointed Companion of Honour for services to economics, international relations and tackling climate change in 2017. Latest books are How Lives Change: Palanpur, India and Development Economics (with Himanshu and Peter Lanjouw), OUP 2018 and are Why Are We Waiting? The Logic, Urgency and Promise of Tackling Climate Change (MIT Press, 2015). He is a member of the High-Level Advisory Group for COP26 of the UNFCCC.

Speakers

Sanjoy Bhattacharyya

Fortuna Capital

Mr. Sanjoy Bhattacharyya is Managing Partner of Fortuna Capital, the investment advisor to London-based Ocean Dial Asset Management, which invests in Indian equities. Previously, he was the partner of New Vernon Advisory Services, mainly in listed Indian stocks as well as in private equity and real-estate investments. Prior to that, Mr Bhattacharyya was Chief Investment Officer, HDFC Mutual Fund, where he coordinated and implemented investment strategy for assets exceeding $4 billion, and personally managed HDFC Growth and HDFC Capital Builder funds. Mr Bhattacharyya was earlier Executive Director at UBS Warburg where he led the equity research division and has worked in various capacities at Morgan Stanley Asset Management, ICRA, CRISIL and Marg. He wrote an exclusive column on investments and behavioural finance for Forbes India from its inception till early 2014. He greatly enjoys playing bridge at a competitive level and is an occasional "bridge blogger". Mr Bhattacharyya has a Master in Business Administration from Indian Institute of Management Ahmedabad and a B.Sc. Statistics (Honours) from Loyola College, Madras. He resides in Mumbai.

Sankaran Naren

ICICI Prudential AMC

Sankaran Naren is Executive Director & Chief Investment Officer at ICICI Prudential Asset Management Company, one of India’s largest Asset Managers. He is widely recognized as India’s leading Mutual Fund and Capital Market Investment Guru. He has a rich three decade experience in almost all spectrum of the financial services industry across investment banking, fund management, equity research, and stock broking operations. Having been associated with the ICICI Prudential AMC since October 2004, he oversees the entire investment function across the Mutual Fund and the International Advisory Business of the Company. Under his leadership, the AMC has been able to build strong processes in investments resulting in strong and sustainable performance across product categories. He currently manages some of flagship schemes of the ICICI Prudential Mutual Fund. Naren was also a member of the esteemed panel of invitees for the Honorable Prime Minister’s Pre Budget consultation meet for 2020. In recognition of his work, various leading investment authors have featured him through dedicated chapters in their investment books. During his career, he has also worked with organizations such as Refco Sify Securities India Pvt. Ltd, HDFC Securities Ltd, and Yoha Securities in various capacities.

Nilesh Shah

Kotak AMC

Mr. Nilesh Shah is the Managing Director (MD) of Kotak Mahindra Asset Management Co Ltd. He has over 25 years of experience in capital markets and market related investments, having managed funds across equity, fixed income securities and real estate for local and global investors. In his previous assignments, Nilesh has held leadership roles with Axis Capital, ICICI Prudential Asset Management , Franklin Templeton and ICICI securities. Nilesh is the recipient of the inaugural Business Standard Fund Manager of the year award - Debt in 2004. He was part of the team that received the best fund house of the year award at Franklin Templeton as well as at ICICI Prudential. Nilesh is a gold medalist chartered accountant and a merit ranking cost accountant. His hobbies include reading and educating investors on financial planning. He has co-authored book on Financial Planning called "A Direct Take"

Dr. Jim Walker

Alētheia Capital

Jim Walker is the chief economist at Aletheia Capital Limited, an independent research platform for the Asia Pacific region. Prior to joining Aletheia he was the founder and chief economist at Asianomics Group an economics and strategy research consultancy company formed in late 2007 to primarily service the fund management industry. Prior to establishing Asianomics he was the chief economist at CLSA Asia-Pacific Markets. He joined CLSA in late 1991. Over the years Dr Jim achieved numerous ‘best economist’ rankings in the Asiamoney, Institutional Investor and Greenwich surveys of fund managers. In 1995 he wrote about the prospect of Asia being forced off its de facto dollar peg “within the next two-three years”. The Asian Crisis, precipitated by the Thai baht devaluation, began in July 1997. In recent years he is best known for forecasting the US 2007 downturn and financial sector meltdown in his series of ‘Apocalypse’ reports. In December 2016, for the first time in ten years, he went overweight on China and reinforced that call in his April 2017 report, China: The Bull Among Us. He remains deeply sceptical of the prevailing wisdom in central banks’ approach to monetary policy and has most recently explained those concerns in his 2019 year-end strategy report, The Walking Dead. Over the years he has also developed an approach to analysing Asian economies based on profit and credit cycles as well as a series of ‘Austrian’ stress indicators. Before coming to Asia, he worked in his native Scotland as a research fellow at the Fraser of Allander Institute for Research on the Scottish Economy, and then at The Royal Bank of Scotland’s Edinburgh headquarters. Between 1998 and 2002 he was a Visiting Professor at the University of Strathclyde, Glasgow. He holds a Bachelor of Arts Honours degree and a doctorate in economics from the University of Strathclyde, Glasgow.

Ajay Bagga

Private Investor and Director

Ajay has over 26 years of experience in the financial services segment, having worked with global giants like Deutsche Bank, Citigroup and General Electric, as well as asset managers like Pioneer ITI, Kotak Mahindra and Lotus India Asset Management Company. Ajay has also been the Chairman of the Financial Planning Standards Board of India. Ajay is a PGDBM from XLRI, Jamshedpur.

Sanjay Bakshi

ValueQuest Capital LLP

Sanjay Bakshi is an Adjunct Professor at Management Development Institute, Gurgram where he teaches two popular papers on Behavioral Finance and Business Valuation and Forensic Accounting and Corporate Governance. Sanjay is also Managing Partner at ValueQuest Capital LLP, a SEBI Registered Investment Adviser which advises its onshore and offshore clients on their public market investments in India. Sanjay received a M.Sc. (Economics) from London School of Economics and Political Science and B.Com. (Hons.) from University of Delhi. He is also a Fellow member of the Institute of Chartered Accountants of India.

Rupal Bhansali

Ariel Investments

Bhansali is Chief Investment Officer and Portfolio Manager for Ariel’s international and global equity strategies. In this capacity, she manages approximately $7 billion in portfolios for both institutional and retail clients. Her career and investment approach can be described in one word: “Unconventional.” Unlike most long-only managers, Bhansali's buyside career began over 20 years ago on the long-short side at Soros Fund Management. This formative experience taught Bhansali how to think about both the long and short sides of a trade. She is among the rare breed of value managers who has outperformed her benchmarks during the last two decades. Bhansali credits her uncommon investment success to her uncommon investment process--one where non-consensus thinking and the courage to go against the grain play a pivotal role. It is not surprising that Barron's christened her a ""Global Contrarian,"" Forbes called her a ""Global Guru,"" and PBS’ Consuelo Mack referred to her as an “unconventional thinker.” In January 2019, Bhansali became the newest member of the prestigious Barron’s Investment Roundtable, which showcases “10 of Wall Street’s smartest investors.” Bhansali was named the 2019 North America Industry Leadership Honoree by 100 Women in Finance, a global network of professional women and men in the finance and alternative investment industries. She is also the author of the book, Non-Consensus Investing: Being Right When Everyone Else Is Wrong, published by Columbia Business School Publishing. Bhansali earned a bachelor’s degree and a Master of Commerce degree in finance from the University of Mumbai. She later earned an MBA in finance from the University of Rochester, where she was a Rotary Foundation Scholar.

Prashant Khemka

White Oak Capital

Prior to setting up White Oak Capital Management Consultants LLP in June 2017, an investment advisory firm in India, Mr. Prashant Khemka spent 17 years at Goldman Sachs Asset Management (GSAM), most recently as CIO and lead PM of Global Emerging Markets (GEM) Equity and India Equity strategies. He won several accolades as the CIO and Lead PM of GS India Equity. He and his fund won several awards including AAA rating from Citywire and Elite rating from Fund calibre among others. In addition to his long-standing India investing experience, Prashant brings a unique perspective derived across developed and emerging market equities having successfully managed, US and global emerging markets funds for leading institutions, during the last two decades. Prashant started his professional investing career in 1998 at SSGA in Boston as senior portfolio officer of Enhanced International equity in the quant group. He started his career at GSAM in 2000 as a research analyst in US Growth Equity, and by 2004 he rose to become Senior Portfolio Manager and Co-Chair of the Investment Committee of the team that managed over $25bn in US equities. He returned to Mumbai in 2006 to start GSAM India business and served as the CIO and CEO/Co-CEO of their domestic AMC while launching the offshore GS India strategy in 2007. On the back of his strong performance, in addition to India he was also made the CIO and lead PM of GEM equity in June 2013. During his tenure, he built these businesses to over US$5bn in AUM with top ranking peer group performance. Prashant graduated with honors from Mumbai University with a BE in Mechanical Engineering and earned an MBA in Finance from Vanderbilt University, where he received the Matt Wigginton Leadership Award for outstanding performance in Finance. He was awarded the CFA designation in 2000 and is a fellow of the Ananta Aspen Centre, India.

Samiran Chakraborty

Citigroup

Samiran is a Managing Director and Chief Economist, India for Citigroup. Before joining Citigroup, Samiran was the Head of South Asia Macro Research at Standard Chartered for 6 years. His expertise is in analysing macro fundamental of the Indian economy and an in-depth knowledge of Indian financial markets. He regularly makes media appearances in business channels like CNBC, Bloomberg, BBC and NDTV Profit and contributes to leading dailies on matters relating to economic policy issues. Samiran sits in CII's Economic Affairs Sub-Committee and Indian Bank's Association's Monetary Policy Review Committee. He has been adjudged as the Top Economist in India by the Asset Magazine for three consecutive years. Prior to joining Standard Chartered Bank, Samiran was Chief Economist for ICICI Bank for 5 years, looking after a team of economists covering different aspects of the global economy with special reference to India. Before moving into the corporate sector, Samiran was a faculty of the Delhi School of Economics for 5 years. He has also been a Visiting Faculty at Jawaharlal Nehru University, New Delhi, introducing students to different facets of macroeconomics and international finance. During his stint at the Delhi School of Economics, Samiran was associated with IMF and World Bank on field research related to development and trade policy. Samiran has done his Doctoral Research from Delhi School of Economics on the subject of Financial Liberalization and Economic Development.

Nilesh Shah

Envision

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.

Sonal Varma

Nomura Singapore Limited

Sonal Varma is Nomura’s Chief Economist, India and Asia ex-Japan, based in Singapore. Her responsibilities include analyzing key economic trends in the region and publishing in-depth reports on the economy as part of Nomura’s Asia ex-Japan Global Markets Research team. She also manages a team of regional economists. She joined Nomura in October 2008 from Lehman Brothers, where she served as India Economist. Sonal was rated #1 in India research from 2012 to 2019 by The Asset, and #3 for pan-Asia research in 2020. She was also ranked the #1 forecaster for Indian economic data by Bloomberg in 2012 and 2013, and was consistently ranked among the Top 4 economists in India by Institutional Investor every year from 2013 to 2018. Sonal previously worked as an Economist at ICICI Bank and rating agency CRISIL. She was a member of the Indian government’s working group to construct the index of industrial production and her views are frequently sought by the media and think tanks. Sonal holds a Bachelor’s degree in Economics from Delhi University, and a Master’s in Economics from the Delhi School of Economics, both in India."

Samir Arora

Helios Capital

Samir Arora is the main founder & fund manager at Helios Capital. From 1998 to 2003, he was the Head of Asian Emerging Markets at Alliance Capital Management in Singapore (both fund management and research, covering 9 markets). From 1993 to August 2003, Samir was the Chief Investment Officer of Alliance Capital’s Indian mutual fund business and, along with managing Alliance Capital’s Asian Emerging Markets mandates, managed all of Alliance Capital’s India-dedicated equity funds. In 1993, Samir relocated to Mumbai from New York as Alliance Capital’s first employee in India to help start its Indian mutual fund business. He also managed ACM India Liberalization Fund an India-dedicated offshore fund from its inception in 1993 till August 2003. Prior to 1993, he worked with Alliance Capital in New York as a research analyst. At Alliance Capital, India-dedicated mutual funds managed by Samir received over 15 awards during his tenure, including AAA rating from Standard and Poor’s Micropal for four years in a row (1999 to 2003) for the India Liberalization Fund. In 2002, he was voted as the most astute equity investor in Singapore (rank: 1st) in a poll conducted by The Asset magazine. At Helios Capital, Helios Strategic Fund has been nominated for the Best India Fund by Eurekehedge in 2006, 2007, 2008, 2010, 2011, 2013, 2015, 2016 & 2018 and has won the award in 2007, 2013, 2015 & 2016. Helios Strategic Fund has also received the AsiaHedge Award 2018 for its long term (five years) performance Samir Arora received his undergraduate degree in engineering from the Indian Institute of Technology, New Delhi in 1983 and his MBA (gold medalist) from the Indian Institute of Management, Calcutta in 1985. He also received a master’s degree in finance from the Wharton School of the University of Pennsylvania in 1992 and was a recipient of the Dean’s scholarship for distinguished merit while at Wharton. Samir’s philanthropic interests are in the area of helping the cause of children and differently abled. He is one of the founders of “not for profit” Ashoka University and has funded a lifetime student bursary at Singapore University of Technology and Design.

Navneet Munot

SBI MF

Navneet Munot is Executive Director and Chief Investment officer of SBI Funds Management Private Limited. As CIO, Navneet is responsible for overseeing assets of over Rs.72,000 crores across various asset classes. Navneet has over 20-years experience in financial markets. Before joining SBI MF, he was executive director and Head of Multi Strategies Fund Boutique at Morgan Stanley Investment Management. Prior to joining Morgan Stanley Investment Management, he worked as the Chief Investment Officer (Fixed Income and Hybrid Funds) of Birla Sun Life Asset Management Company Ltd. Navneet had been associated with the financial services business of the Birla group for over 13 years and worked in various areas such as fixed income, equities, foreign exchange and derivatives. Navneet has done post-graduation in Accountancy and Business Statistics and also a rank holder Chartered Accountant. He is a charter holder of Chartered Financial Analyst Institute (CFA) and Chartered Alternative Analyst Institute (CAIA). He has also done FRM and is a member of Global Association of Risk Professional (GARP).

Ananth Narayan

SPJIMR

Ananth Narayan is Senior India Analyst at Observatory Group LLC and Associate Professor at SPJIMR. Ananth is currently an Additional Director nominated by RBI on the board of Yes Bank, and an Independent Director on the boards of SBI Capital Markets Ltd., Clearcorp Dealing Systems Ltd., CARE Ratings Ltd., Agappe Diagnostics Ltd., & Southern Ridges Funds. He is a member of SEBI’s Mutual Fund Advisory Committee, FICCI’s Capital markets Committee, IMA’s Banking & Finance Committee, and Kerala Infrastructure Fund Management Ltd.’s Investment Committee. Ananth has over 24 years of experience in banking and financial markets – with Standard Chartered Bank, Deutsche Bank and Citibank. Till December 2017, he was MD & Regional Head of Financial Markets, ASEAN & South Asia with Standard Chartered Bank. Previously, he was SCB’s Head of Financial Markets & Co-Head of Wholesale Banking for South Asia between 2012-15, and Regional Head of FX, Rates & Credit Trading South Asia, between 2009-12. Prior to Standard Chartered Bank he was with Citibank in Mumbai till 2005 (Director & Head of FICC Trading), and with Deutsche Bank in Mumbai (Managing Director & Head of Global Rates, South Asia – till August 2009) Ananth served as the Chairman of the board of Standard Chartered Nepal Ltd. between 2016 – 2017. He was Vice Chairman on the board of Fixed Income Money Market and Dealers Association (FIMMDA) and Foreign Exchange Dealers Association of India (FEDAI), between 2012 and 2017. He was also on the board of Central Depository Services Ltd. (CDSL) and Standard Chartered Securities India Ltd. (SCSI) between 2013 and 2017 Ananth is and has been a part of various RBI and SEBI committees and working groups (including for FX Options, Financial Benchmarks, Funds expense ratios, Fund Inter-scheme transfers, Liquidity risk management of debt funds). He has a B.Tech (Electrical) from IIT Bombay and a PGDM from IIM Lucknow. He is passionate about diversity, learning, ethics & integrity, people and collaboration.

Penelope D. Foley

TCW Group, Inc

Ms. Foley is a Portfolio Manager for the TCW Emerging Markets Group and currently serves on the board of the TCW Group, Inc. Prior to joining TCW in 1990, Ms. Foley was a Senior Vice President of Drexel Burnham Lambert where she was involved in the management of DBL Americas Development Association, L.P. and in the provision of investment and merchant banking services in Latin America. Before Drexel, she was a Vice President in Citicorp’s Investment Bank and was responsible for Eurosecurities, project finance and private placements in Latin America and Canada. Previously, she was an Associate in the Corporate Finance Department at Lehman Brothers. Ms. Foley attended Northwestern University and holds a BA from Hollins College.

Sandeep Parekh

Finsec Law Advisors

Sandeep Parekh is the managing partner of Finsec Law Advisors, a financial sector law firm based in Mumbai. He worked as an executive director at the Securities and Exchange Board of India, and has been a faculty at the Indian Institute of Management, Ahmedabad. He has worked for law firms in Delhi, Mumbai and Washington, D.C. Sandeep is admitted to practice law in New York. He has published op-eds in the Financial Times and the Economic Times. He is the author of a well-received book “Fraud, Manipulation and Insider Trading in the Indian Securities Markets”, published by CCH Wolters Kluwer. He is an independent director on the board of HDFC Bank Ltd. He was the Chairman of SEBI’s Proxy Advisory working group and is a member of SEBI’s Mutual Fund Advisory Committee.

Safir Anand

Anand and Anand

Safir Anand is a renowned Intellectual Property lawyer and a brand strategist. He ranks in several international publications as a thought leader and has won over 25 awards. These including his 2020 ranking by Financial Times for innovation and out of box thinking for Asia Pacific and by IAM in the world’s 300 best IP strategist. Safir is also recognised for his investing and trend mapping and had features in several media articles and interviews for his views. He has an active twitter following @safiranand.

Ayaz Motiwala

Nivalis Partners

Pranjul Bhandari

HSBC

Charandeep Singh

Girik Capital

Morningstar Speakers

Kunal Kapoor

Morningstar

Kunal Kapoor, CFA, is 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. Since joining Morningstar in 1997 as a data analyst, Kapoor has held a variety of roles at the firm, including leadership positions in research and innovation. He served as director of mutual fund research and was part of the team that launched Morningstar Investment Services, Inc., before moving on to other roles including director of business strategy for international operations, and later, president and chief investment officer of Morningstar Investment Services. During his tenure, he has also led Morningstar.com® and the firm’s data business as well as its global products and client solutions group. Kapoor holds a bachelor’s degree in economics and environmental policy from Monmouth College and a master’s degree in business administration from the University of Chicago Booth School of Business. He also holds the Chartered Financial Analyst® designation, is a member of the CFA Society of Chicago, and served on the board of PitchBook, a private firm that provides a comprehensive private equity and venture capital database, prior to its acquisition by Morningstar in late 2016. Kapoor is also a member of the board of trustees of The Nature Conservancy in Illinois. In 2010, Crain’s Chicago Business named him to its annual 40 Under 40 class, a list that includes professionals from a variety of industries who are contributing to Chicago’s business, civic, and philanthropic landscape.

Don Phillips

Morningstar

Don Phillips is a managing director for Morningstar. He joined the company in 1986 as its first mutual fund analyst and soon became editor of its flagship print publication, Morningstar® Mutual Funds™, establishing the editorial voice for which the company is best known. He helped to develop the Morningstar Style Box™, the Morningstar Rating™, and other distinctive, proprietary Morningstar innovations that have become industry standards. Phillips has served in a variety of leadership roles at Morningstar, most recently head of global Research, before paring back his schedule to take on a part-time, non-management role. He has served on Morningstar’s board of directors since 1999, and he also serves on the board of directors for Morningstar Japan. Phillips holds a bachelor's degree from the University of Texas and a master's degree from the University of Chicago.

Michael Jantzi

Sustainalytics

Michael Jantzi is the CEO of Sustainalytics. He was the founder of Jantzi Research and has been active in the responsible investment field since 1990. Jantzi is a thought leader on sustainability investment and corporate social responsibility issues and regularly appears in the global media. He is the co-author of The 50 Best Ethical Stocks for Canadians: High Value Investing, published by MacMillan Canada. Over the years Jantzi and his team have been recognized for their research excellence and for being champions of sustainable and responsible investment globally. In 2006, Jantzi Research won the Capital Markets Award for Sustainable Investment & Banking, awarded by the GLOBE Foundation and The Globe and Mail as part of the prestigious GLOBE Awards for Environmental Excellence program. In June 2010, Jantzi was awarded the Lifetime Achievement Award by the Social Investment Organization (now the Responsible Investment Association) in recognition of his contributions to the Canadian sustainable and responsible investment market through leadership, initiative, collaboration and innovation. He was named one of Canada’s “Clean50” leaders in 2012 and again in 2020, and he was also awarded the prestigious Canada Clean16 award in the Finance and Services category for his significant contributions to the causes of sustainability and clean capitalism in Canada. Under Jantzi’s leadership, Sustainalytics has been recognized as one of the top two responsible investment research firms in the world by the Independent Research in Responsible Investment (IRRI) survey for the last seven consecutive years and has also won several Environmental Finance and Climate Bonds awards for its work with green bonds. RIA Canada recently recognized Sustainalytics as a Leader in ESG Integration. For more than a decade, Jantzi has served as a member of the Finance and Investment Committee of Tides Canada. He was appointed to the Board of Directors in 2018. Jantzi was also recently elected to the PRI (Principles for Responsible Investment) Board of Directors. Jantzi holds degrees from the University of Western Ontario and Dalhousie University.

Dan Kemp

Morningstar

Dan Kemp is Chief Investment Officer for Morningstar’s Investment Management group for the Europe, Middle East and Africa region. Dan leads Morningstar’s 20-strong investment management team for the EMEA region, working with advisers and institutions to help them deliver world-class investment solutions to investors. Dan joined Morningstar in 2014 as co-Head of Investment Consulting and Portfolio Management in the EMEA region. He previously served with Albemarle Street Partners, an investment consultancy partnership that he co-founded. Prior to Albemarle, he worked for Saltus Partners, managing the firm’s flagship Saltus Multi Asset Class Fund. He has also worked as fund manager and head of fund research for Williams de Broë (formerly Christows). Dan has 19 years’ experience in research, investment management and investment consulting. He has managed a wide variety of portfolios, specialising in multi-asset risk graded products. He is also a well-known commentator on investment issues. Dan holds a bachelor’s degree in theology from King’s College London. He also holds the Investment Management Certificate, the Securities Institute Diploma and the Advanced Financial Planning Certificate.

Matt Wacher

Morningstar

Matt Wacher is Chief Investment Officer, 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 along with continuing to develop the group's thought leadership profile across the region. Wacher joins Morningstar from Cambooya Pty Limited, a large family office fund in Australia managing private assets, where he was appointed chief investment officer in 2015. Prior to Cambooya, Wacher served as portfolio manager at Qantas Super Ltd, a leading corporate superannuation fund. Wacher holds a bachelor's degree from the University of New South Walesand a master's degree in business administration from the Australian Graduate School of Management, Australian School of Business, and is a charterholder of the Chartered Alternatives Investment Association.

Aron Szapiro

Morningstar

Aron Szapiro is head of policy research for Morningstar. Szapiro is responsible for developing research reports on policy matters, coordinating official responses to regulatory proposals, and providing investor-focused comments on policy issues to clients and the press. He also chairs Morningstar’s Public Policy Council. His research has been covered in The New York Times, The Wall Street Journal, The Washington Post, The Journal of Retirement, and on National Public Radio. Before assuming his current role in July 2016, he served as Morningstar’s associate director of policy research and as policy and finance expert at HelloWallet, a former subsidiary of Morningstar. Previously, he was a senior analyst at the U.S. Government Accountability Office (GAO), specializing in retirement security issues and pension plan policy. He also worked at the New Jersey General Assembly Majority Office. Szapiro holds a bachelor’s degree in history from Grinnell College and a master’s in public policy from Johns Hopkins University.

Aditya Agarwal

Morningstar

Aditya joined Morningstar in 2008 to establish the company’s Mumbai office. The following year, he was chosen to lead its offshore development center. Before joining Morningstar, Agarwal headed ICRA Online, one of India’s leading fund research companies.

Jiju Vidyadharan

Morningstar

Jiju Vidyadharan is Head of Business for Morningstar India. In his role of managing the local business, Jiju is responsible for representing Morningstar’s solutions and brand in the India market and, defining and executing the strategy for the India offerings. Before joining Morningstar, Jiju spent 16 years in the financial services industry, primarily in the investment research domain. He worked with CRISIL through most of his career, gaining increasing responsibility within the growing Funds and Fixed Income Research business at CRISIL. Prior to his stint there, he worked with HSBC Asset Management’s multimanager business. Jiju holds a Master’s degree in Business Administration from Pune University.

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.

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.

Larissa Fernand

Morningstar

Larissa Fernand is the senior editor for Morningstar India. She is responsible for the India website and is a well-known financial writer, with over 20 years of experience.

Himanshu Srivastava

Morningstar

Himanshu Srivastava is an Associate Director, EMEA Fund Research (Analyst) for Morningstar Investment Adviser India. He covers Indian mutual funds from the equity, fixed income and mixed asset categories and is responsible for enhancing Morningstar’s fund research efforts in India. Before joining Morningstar in 2010, Himanshu spent more than three years working for Quantum Information Services, which is a research and financial planning firm. There he was a part of the research and content team responsible for providing independent research on mutual funds, writing investment related articles, constructing and managing model portfolios and supervising the company’s website. He has over sixteen years of experience in the field of mutual fund research and personal finance. Himanshu holds a bachelor’s degree in Chemistry and Zoology, and a Post-Graduate Diploma in Business Management in Finance.

Chintan Mehta

Morningstar

Chintan Mehta, CFA is an Associate Director - Capital Markets & Asset Allocation and is part of the Morningstar Investment Management group. He joined Morningstar Investment Adviser India in 2015. He has more than 12 years of experience in areas including investment research & advisory, offshore fund management, and portfolio management.

2020 Digital Agenda

Live Sessions: 3 November


10:00 a.m.–10:25 a.m. (IST)
Welcome and Opening Remarks
Kunal Kapoor & Aditya Agarwal, Morningstar


10:35 a.m.–11:20 a.m. (IST)
International Equities: What's Ahead?

Market sentiment has been dominated by the U.S. presidential election arriving midway through reporting season, how soon a coronavirus treatment is developed, and the size of future fiscal stimulus. Increasing concern about the dominance of giant technology and technology-driven consumer companies is raising the risk of a regulatory crackdown. Where is the U.S. stock market headed after enjoying an exceptionally robust and unexpected decade? Is this the coming of age of frontier markets? How will emerging economies fare? Rupal Bhansali, who identifies herself as a nonconsensus investor, looks at the above issues and whether or not there is a compelling investment thesis for other asset classes.
Rupal Bhansali, Ariel Investments / Moderator: Kaustubh Belapurkar, Morningstar


11:35 a.m.–12:15 p.m. (IST)
Global Economy Under Stress

The pandemic has tipped the scales to a rare outright contraction in world GDP. The COVID-19 epidemic hit at a time of great economic vulnerability and could be the shock that drives a wobbly global economy into recession. Corporate profits have been hard-hit, forcing companies take extreme efforts to shore up their balance sheets by squeezing inventories, retrenching their work force and slashing investment. This investment downcycle will lead to a recession that cannot be stopped by central bank stimulus. The U.S. economy has been afflicted with some significant macro imbalances; namely a very low domestic savings rate and a chronic current account deficit. Would this spark a dollar crash? An overview on the changing global landscape.
Dr. Jim Walker,  Aletheia Capital / Moderator: Matt Wacher, Morningstar


12:25 p.m.–1:05 p.m. (IST)
Investing During a Pandemic

Black Swan events are unpredictable, yet unavoidable. When they appear, it is difficult to see beyond. But it is imperative that we do all we can to protect our finances and safeguard our wealth in such times. Sanjay Bakshi discusses an investment framework that will not only protect the portfolio to a large extent, but allow for investments in opportunities that come by.
Sanjay Bakshi, ValueQuest Capital LLP / Chintan Mehta, Morningstar


1:05 p.m.–2:00 p.m. (IST)
Break


2:00 p.m.–2:45 p.m. (IST)
The Hunt for Growth

Global equity markets experienced a catastrophic drop and a ferocious rally. Bond yields are being driven lower with central banks moving into liquidity overdrive. Liquidity favours seemingly over-priced assets—U.S. big tech, developed market government bonds, and the USD. Gold bugs came roaring back after almost a decade. Commercial real estate is witnessing an unforeseen WFH culture. Where are multi-asset managers finding value?
Sanakaran Naren, ICICI Prudential AMC / Dan Kemp, Morningstar / Moderator: Dhaval Kapadia, Morningstar


3:00 p.m.–3:45 p.m. (IST)
Emerging Themes in Post-Covid World

While disruption has been the norm for a while, the pandemic has dramatically altered certain behaviour shifts. It has challenged our existing structures and sowed the seeds of radical disruption and change. An event that has had such a ferocious implication on consumer behaviour will definitely shape the investing landscape. What are the investing themes that have been severely disrupted? What are the new trends that have emerged that investors must pay heed to? Which patterns of consumption will result in a seismic shift as to where money is deployed?
Nilesh Shah, Envision /Ayaz Motiwala, Nivalis Partners / Charandeep Singh, Girik Capital /Moderator: ET Now


4:00 p.m.–4:40 p.m. (IST)
In converstation with Dr. Rajiv Kumar
A Self-Reliant India

The Prime Minister has revealed his vision of a self-reliant India in a post-pandemic world. Is it possible to be self-reliant in a globalised world? Would the inadequacy of human capital put a spoke in the wheel? What challenges must India surmount to achieve that? Rajiv Kumar, economist and vice-chairman of NITI Aayog, is best positioned to answer those questions. At a time of GDP contraction, low morale, and a financial services sector under strain, a road map is essential and extremely timely. 
Dr. Rajiv Kumar, NITI Aayog / Moderator: Dan Kemp, Morningstar


5:00 p.m.–5:40 p.m. (IST)
Refuge of Safety or Search for Yield

Markets across the globe have gone into a tailspin after countires imposed lockdowns in the wake of COVID-19. While treasury yields trend lower, credit spreads have widened across the curve. Increasing outflows from high-yield funds have only exacerbated the situation. As bond fund managers look towards an eventual return to economic growth, where are they truly finding value now? Are  investments into Emerging Markets a viable option? With local credit spreads being attractive, is it time to revisit the lower rated credit space? Experts answer these queries in the backdrop of the dangers that lurk. 
Navneet Munot, SBI MF / Ananth Narayan, SPJIMR / Penelope D. Foley, TCW Group Inc / Moderator: Jiju Vidyadharan, Morningstar

Live Sessions: 4 November


10:00 a.m.–10:40 a.m. (IST)
In Conversation with Narayana Murthy

Murthy is one of the world’s most recognised leaders. Credit goes to him for conceptualising, articulating and implementing the Global Delivery Model, or GDM, that gave rise to the Indian software industry. Morningstar’s CEO Kunal Kapoor engages in a conversation with the legendary billionaire, philanthropist and cofounder of tech giant Infosys. 
Narayana Murthy, Catamaran / Kunal Kapoor, Morningstar


11:00 a.m.–11:40 a.m. (IST)
Value Investing: Opportunity or Lost Cause?

Value has dramatically underperformed growth in the recent years, which leads investors to question the utility of the value style of investing. Observers of the market would disagree, knowing how ‘value’ has faced such dire circumstances in the past only to make a strong comeback, delivering superlative returns. But is it different this time around?
Sanjoy Bhattacharyya, Fortuna Capital / Safir Anand, Anand and Anand


12:00 p.m.–12:40 p.m. (IST)
Controlled Diversification or Concentrated Investing

There is an old investment saying: Concentrated wealth makes people wealthy, but diversified wealth keeps them wealthy. The concentrated vs. diversified portfolio debate is one of the oldest in investing history, with plenty of evidence supporting each thesis. A veteran investor shares his learnings and stance. 
Samir Arora, Helios Capital / Moderator: Himanshu Srivastava, Morningstar


12:40 p.m.–1:20 p.m. (IST)
In Search of Alpha

The coronavirus sent markets into a tailspin. After a calamitous crash and an astounding bounce back, there is a glaring disconnect between economies and stock markets. The fear of COVID-19 is having a profound impact on consumer psychology, which in turn shall impact corporate profits. Fears are growing that the worldwide economic downturn could be especially deep and lengthy, with recovery limited by continued anxiety. How does one search for alpha given such an unprecedented and volatile backdrop?
Prashant Khemkha, White Oak Capital / Moderator: Larissa Fernand, Morningstar


1:20 p.m.–2:30 p.m. (IST)
Break


2:30 p.m.–3:10 p.m. (IST)
Indian Economy in a Funk

India's economy was already in the throes of a slowdown before the beginning of the pandemic. Its GDP grew at 4.2% in 2019–20, its slowest pace in nearly a decade. Thanks to the COVID-19 pandemic and subsequent lockdown, the economy is now in contraction zone. Unemployment is expected to rise. NPAs are an unending nightmare for the Indian banking sector. A look at the challenges ahead and the road map we must embark upon to lift the economy out of its funk.
Samiran Chakraborty, Citigroup / Sonal Varma, Nomura Singapore Limited / Pranjul Bhandari, HSBC / Moderator: Ajay Bagga, private investor and director


3:30 p.m.–4:10 p.m. (IST)
Fund Industry at the Crossroads

Equity and debt funds have seen significant value erosion. Equity funds took a beating due to market volatility, while debt funds were knocked by a combination of credit events and illiquidity. This resulted in an increase of regulatory scrutiny. While there is much criticism of the regulator curbing the agility of fund managers, it is worth noting that regulatory moves have been reactive. Which forces us to address the issue of how proactive fund houses have been with respect to strong governance and oversight mechanisms for reviewing and monitoring investment decisions. Have they adopted best practices in investment and risk management? How does India fare in comparison to global best practices? What needs to be done? A discussion.
Sandeep Parekh, Finsec Law Advisors / Nilesh Shah, Kotak AMC / Aron Szapiro, Morningstar / Moderator: Jiju Vidyadharan, Morningstar


4:25 p.m.–5:00 p.m. (IST)
COVID-19 – A Sustainable Recovery

The impact of the current pandemic is evidence of how the natural world can unleash havoc on every facet of the economy. While the world continues to reel from the immediate challenges, another calamity looms—the climate crisis. Both underline the fact that we are all in this together. No country is immune from major global threats. While this current scenario will eventually pass, it is in the coming months that recovery strategies are likely to be formulated and the path set. It would be wise for governments to press the reset button towards a more sustainable future. Mitigating the effects of climate change takes a multifaceted approach with economic policy playing a pivotal role. Can the political will that has been summoned to fight this pandemic be applied to climate responses?
Lord Nicolas Stern, London School of Economics / Moderator: Michael Jantzi, Sustainalytics Morningstar


5:15 p.m.–5:45 p.m. (IST)
A Perspective on Investing Trends

Successful investing is about accumulated insights, not panaceas. Those words of wisdom are credited to Don Phillips. Morningstar’s first mutual fund analyst, he went on to become its chief executive officer and is currently the managing director. He will engage in a broad-ranging discussion on investor psychology, the draw of passive investing, the rise of ESG, and strategic guidance of regulators.
Don Philips, Morningstar / Kaustubh Belapurkar, Morningstar
 

2020 Digital Sponsorship Opportunities

Conference sponsorships let your firm join our lively conversation. Past sponsors know that the Morningstar Investment Conference is more than just a way to show off your logo—it’s a chance to connect with an engaged audience of decision-makers.

MICIN FAQs

New date for the MICIN 2020 digital conference
The MICIN 2020 digital conference will take place on 3 & 4 November 2020. The exact times will be communicated and confirmed in due course. On-demand content from the conference will be available until 1 December 2020. 

What is the digital Morningstar Investment Conference experience?
The digital Morningstar Investment Conference is an immersive online event that features all the key benefits you love about our flagship industry conference, bringing together industry leaders and investing experts to discuss the latest developments and share new perspectives on the market.

What software will be required to view the keynote speakers, panel discussions and interact with people?
The digital Morningstar Investment Conference will be web-based, so all you'll need is a computer or tablet or mobile and an internet connection.

What will the digital Morningstar Investment Conference cost to register?
Owing to ongoing pandemic we are giving complimentary access to this conference. Hope you benefit from the knowledge from around the globe.   

Are continuing education credits being offered?
CFP practitioners attending the two-day conference are eligible to earn 10 Continuous Professional Development (CPD) points, (5 points for each day). CFA Society India members are also eligible to earn PL Credits of 1.0 PL credits per hour of learning based on attending the conference sessions. PL points shall be awarded based on the attendance and must be self-update online using CE tracking tool. For any query related to PL credits please write to events@india.cfasociety.org.  QPFP certificants attending the conference  are eligible for 10 ACE points (5 points per day).

Will any form of live event take place for the Morningstar Investment Conference?
There will not be any on-ground event taking place in association with the Morningstar Investment Conference in 2020.

Where can I find the agenda for the digital Morningstar Investment Conference?
Agenda details and our speaker line-up details are forthcoming. Thank you for your patience!

I’m registered. What can I do now to prepare for the conference?
Bookmark our social media hash tags to get the latest updates and live insights from the conference: #MICIN and #MICDigital.