Motilal Oswal Private Wealth shares aggressive growth plan for Gujarat
- Expects to grow its team of private bankers in the region by 150% in the next 2 years
Ahmedabad, 5th November 2024: With the aim of strengthening its presence, Motilal Oswal Private Wealth (MOPW) today unveiled a robust growth plan for Gujarat. MOPW plans to grow its team of private bankers from 10 to 25 over the next 2 years in Gujarat. MOPW believes that the region is poised for 2x growth, driven by world-class infrastructure projects and business expansions.
Commenting on footprint expansion, Mr. Jayesh Faria, Director, Regional Head, Motilal Oswal Private Wealth said, “With the evolving market dynamics in Gujarat, there is a huge opportunity for growth-driven investments for HNI investors. HNI investors in Gujarat have a high affinity for direct equity, unlisted space and are risk-takers who can manage volatility smoothly. The region has the potential to become as large as any other zone in the country. All it requires is a dedicated team to help generate and multiply the wealth of investors’’
The contribution of the Gujarat region in the mutual fund business is INR 4,82,600CR, 72% is in equity and 28% is non-equity-based instruments. According to Motilal Oswal Private Wealth’s Alpha Strategist Report, one must be cognizant of the fact that Equity market returns are not linear. Markets have witnessed intra-year drawdowns of 10% or more in 22 out of the last 25 years and investors should always be prepared for such sharp bouts of volatility. And the period of easy returns where rising tide lifted all boats is over. Similarly, earnings growth is expected to moderate to 12-14% CAGR over FY24-26 with some interim but short-lived slowdown as currently witnessed in 2QFY25. Hence, MOPW reiterate its stance of focusing on “Fundamentals over Flavour” i.e. companies with strong businesses showing sustainable growth rather than chasing market trends. In the long term, the equity market outlook is positive due to corporate deleveraging and expected healthy earnings over the next two years.
About Motilal Oswal Private Wealth:
Motilal Oswal Private Wealth (MOPW) is a part of Motilal Oswal Group – a brand trusted for knowledge-based investing with a proven performance track record of over 37 years. MOPW was instituted in the year 2007 to cater Corporates/ Institutions, High Net Worth and Ultra High Net worth Individuals. We use knowledge to identify the right mix of Fund Managers across asset classes to ensure you have a winning portfolio. “The more we know, the more you win” hence our relationship managers are empowered with the science and art of investing. In addition, you also experience new insights and ideas on wealth creation through our exclusive knowledge events. As of September 2024, we manage the wealth needs of over 13,000+ families through a 585-member team across 20+ cities with assets under advisory of over Rs. 1,57,091 Crores as on September 2024.
For more info: https://www.motilaloswalpwm.com/
For further details contact:
Rohini Kute
Head, Corporate Communication,
Motilal Oswal Financial Services
Mobile: 9820196838
Mail: rohini.kute@motilaloswal.com