if you have been tracking Mutual Funds, you would have certainly stumbled upon the name - Nilesh Shah. He is the MD of Kotak-AMC and part of the PM Economic Advisory Council
This week he shared his interesting Career Journey in this video- various facets of his personal life such as being so humble in his demeanour, losing his father in early childhood, the support he received from neighbours, transitioning from a Gujarati Medium schooling background to being one of the most prolific speakers on the Indian markets
After a Gold Medal in CA Exams, he was about to join L&T and was advised by the interviewer not to settle for stability so early in life. He was asked to rather try his fortunes in the financial markets - thus landing in ICICI as a Merchant Banker, transition to Stock Markets and now managing an AUM of 100,000+ crores. He talks about the role of serendipity, patience and constant learning. His vision for his life on Maslow's Hierarchy, now that he has pretty much achieved it all in terms of money and fame. Whats his mantra for unwinding. His advise to youngsters
You cant afford to miss this
Questions 1. My first question is that despite all that you have achieved in life, how is it that you maintain such a calm exterior, such careful choice of words, it’s almost magical. I have spent hours watching your videos and get mesmerised each time.
2. You lost your father at a very young age. How did it impact you as an individual –Please share memorable aspects of your school life?
3. From Gujarati medium to being one of the most prolific speakers on the Indian markets, saw your TEDx talk as well. Normally a lot of youngsters find the transition to English from their native language tough. How did you manage the transformation?
4. What triggered the CA and CMA decision? How was your journey to the gold medal – expected or unexpected? You had said earlier that you’ve studied extensively in a library.
5. You had also shared that you had, as a fresher, being interviewed by L&T, inspired by the interview to try your hand at equities – early 90s. Please tell us more.
6. And you’re the only one person in your family who chose service- what was the underlying thought process?
7. Amidst Franklin, ICICI, Axis and now Kotak, it has been nearly 3 decades. Any interesting moment- good/bad bosses, heaven sent opportunities to learn etc that you would like to share.
8. A fund manager’s job- one feels it’s quite glamorous. But I also sense that the bid to generate alpha might often turn out to be extremely demanding. Isn’t it? How do you manage the stakeholder’s expectations?
9. When bets go wrong- be it equity or debts, what do you tell yourself?
10. In your TEDx talk, you emphasised a lot on being proud of ourselves, our Indian raw mentality and we being a nation where Australia, Philippines & sub Sahara exists- what’s your vision for our country & its youth? The comparison with China that you often make also comes pertinent here.
11. You’ve pretty much achieved it all. So sir, what’s next on Maslow’s hierarchy – your long term goals for yourself?
12. Sir, what do you do to unwind apart from family (wife + 2 daughters) – Gujarati literature – you gave up listening to music due to hectic work hours.
13. What career advice do you give to your daughters? How old are they? Do you want them to be CAs? Or do they have different aspirations?
14. Message to youngsters watching the show?