How This Girl With A Broken Neck Built ₹30,000 Cr Mutual Fund Firm

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From Kiran Mazumdar Shaw Falguni Nayar, women entrepreneurs have impactfully inspired the people with the zeal of establishing startups. In this so-called ‘Man’s-World’, women entrepreneurs present a strong figure in the business world.

Our platform adds an honor by writing an inspirational story of Radhika Gupta, CEO of Edelweiss who entered the business world with a broken neck but with a straight & strong back. She is a living example of the success that comes after a struggle. 

The complication from her birth left her neck tilted but her ambitions very strong. At the age of 36, Radhika has already set up India’s first domestic hedge fund and became the head of a major asset management company. 

Edelweiss CEO Radhika Gupta didn’t have that fame gained life from her initial days. She was rejected by numerous companies even after graduating from Wharton School Of Business. At a point, she said she even contemplated suicide. 

Gupta had a turning point in her life & this is

How this girl with a broken neck built a ₹30,000 Cr mutual fund firm.

Everyone gets an opportunity in his/her life as a turning point too. Radhika Gupta got a chance to be interviewed with a McKinsey & Co. partner who happened to be a tournament-level bridge player. She used to enjoy the game since she was just 12 years old. She and the interviewer had a common interest & she got the job.

After 11 years of a successful career with McKinsey, Radhika left the consulting firm to join AQR Capital Management, the $186 billion investment firm co-founded by Cliff Asness. But just as the global financial crisis was unfolding, Gupta felt an urge to start out on her own.

The Investment Startup: When Radhika Gupta Built A ₹30,000 Cr Mutual Fund Firm.

In the year 2019, Radhika and her husband Nalin Moniz, who was also her colleague at AQR Capital Management decided to go back to India & start their own asset management firm with a princely amount of 2.5 million rupees ($34,000). Apart from this, they looked for alternative investments to give their big idea a huge start. In India, they registered the first domestic-registered hedge fund. In 2014, they sold this firm to Edelweiss Financial Services. Radhika Gupta became the CEO of the firm in 2017. Since then, she’s built assets under management to 300 billion rupees, in businesses including mutual funds, alternative investments, and portfolio management services. That’s up from about 80 billion rupees when she took over.

The company in India is still a medium sized firm in the mutual funds industry. There are grown players like HDFC Asset Management & ICICI Prudential Asset Management, each have $50 Billion in mutual funds assets. 

Conclusion to this, Radhika Gupta & her staff is looking to increase the company’s assets under management to 3 trillion rupees by 2025, or about $41 billion. But it won’t be easy for Edelweiss to break into the top bracket as the industry is fragmented and top-heavy, according to Value Research Ltd., a mutual fund advisory firm.

“Although there are no big negatives about the money manager, their funds haven’t done exceptionally well,” said Dhirendra Kumar, chief executive officer of Value Research. “By launching unique products like the ETF, Radhika is trying to make Edelweiss a meaningful player and get the business going.”

Gupta says doing things differently is a key part of her firm’s strategy, and that launching the debt ETF is a step in that direction.

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