Anoop Bhaskar

Covid 20 came as a storm to all asset classes. Lock downs, deaths , tragedy and all the pain which is unimaginable

while many in lock down are working all day with thin staff, others who unable to do that are trying to blame others for their losses

Yes I am one of them. but I do not  give up so easily. Many blaming me today for funds selection and losses and in turn blaming the fund houses and fund manager for the same. They easily forget that non of us get calls right all the time and neither the fund manager

From today I shall post an article on every great Fund manager brilliant in his expertise. But every fund manager has his good or bad times.

Sometimes calls taken fall right at place. However sometimes calls taken fall flat

But at the end of decade, most good fund managers end at great  returns

Today I write about Anoop Bhaskar.. Currently managing IDFC Funds and in eye of criticism of many.

 The Journey of Anoop '

2013

Picture this scenario: You work for a public sector fund house, where stakeholders cannot agree on who should head it. You have high-level maneuvering to nominate the relative of a key finance ministry official, which the principal strategic investor is resisting. The sector regulator is not amused, and declines to allow the fund house to launch new schemes till it appoints a boss. And finally, a temporary acting CEO is appointed just to break the logjam.

In such a climate of uncertainty, you would expect a fund manager to play safe and not do much. More certainly, you would not expect him or his funds to appear at the top of the performance table. But Anoop Bhaskar appears to have insulated himself from all the chaos around him.

Last month, rating agency Crisil ranked UTI Mutual Fund, of which Bhaskar is head (equities), as the best performing fund during the March 2013 quarter. Five of the funds looked after by Bhaskar, including two that he manages directly, outperformed their categories by a wide margin. 

UTI Opportunities Fund saw compound annual returns of 11.41 percent, beating the category performance of 4.49 percent over a period of three years; UTI Equity Fund returned 10.38 percent and outperformed the category by a similar margin for the same period. Meanwhile, UTI Opportunities Fund also topped rankings released by Morningstar, another close tracker of mutual fund performance

2016 Headlines


Anoop Bhaskar has joined IDFC Mutual Fund (MF) as head of equities with effect from 5 February. Bhaskar was formerly head of equities at UTI MF and is considered one of the finest fund managers in the Rs 13 lakh-crore industry. 

2017 performance of IDFC Mutual funds


https://www.morningstar.in/videos/149/this-fund-managed-by-anoop-bhaskar-makes-a-strong-comeback.aspx


IDFC Sterling Equity Fund   Fund category: Midcap AUM : Rs 1458 crore Returns: 49.6 per cent. Anoop Bhaskar focused on three themes which include identifying leaders, emerging players and challengers--those who change the rules of the game or bring in new ways of doing business in a sector.Based on this strategy, he identified challengers in Nifty companies such as IndusInd Bank, RBL Bank, Ramco Cement and Bajaj FinanceNSE -9.03 % in sectors such as banking, automobile and cements ..
in sectors such as banking, automobile and cement. In addition, he identified and added leaders of sectors which are not part of the Nifty. These include Future Retail, Entertainment Network, MRF, and PVR. Other additions included companies at either an early stage of growth or where penetration of organized players is expanding. These include Greenply Industries, Dollar Industries, and Minda Industries.

Anoop was on top of fund manager list as king of stock picking.

Then came the laws to destabilize stock markets

However when the mid and small caps started performing in late 2019, his funds started topping the list. 

Soon IDFC Funds again went back on top.


But then  then  invisible enemy hit us



Although many investors act in haste and go by what is in media and fail to recognize the talent of someone who hardly appears on  media

A great professional and beautiful soul. One who is not on any social media and wears or carries no brand. His profession is his passion 

I am sure he will come back with a bang soon 

My most portfolio still in his hands. And trust me,I am not a banker who have any targets to for any particular fund house 

Investors I have little control

If you trust me. He will be back on top. Just wait and watch

Next article on one of my other favorites