Siddhartha Bhaiya | |
---|---|
Born | |
Nationality | Indian |
Alma mater | The Institute of Chartered Accountants of India |
Occupation | Financial professional |
Known for | Founder of Aequitas Investment Consultancy |
Siddhartha Bhaiya is an Indian PMS fund manager[1] and the founder of Aequitas Investment Consultancy,[2][3] an investment management firm based in Mumbai, India.[4][5] He serves as the managing director and chief executive officer of the company.[5]
Bhaiya began as a research analyst at Sushilfinance. He then held positions at various organizations, including Stratcap Securities, Principal PNB AMC, and Reliance Capital Asset Management (RCAM).[6] He also worked as a fund manager at Nippon India Mutual Fund.[7]
In 2012, he founded Aequitas Investment Consultancy in Mumbai,[8][9] where he is the managing director and CIO.[10][11] In 2019, the company announced plans to launch a Category-III Alternative Investment Fund (AIF).[12] In 2022, the company topped the charts of Barclay Hedge Emerging Markets, Asia Rankings, based on the Compound Annual Return.[13][14][15][16]
Bhaiya was also a speaker at the PMS AIF World event[17] and invited to participate in a panel discussion at the Indian Business and Professional Council (IBPC) Kuwait event titled 'India – World's next growth engine,' held at Jumeirah Beach Hotel, Kuwait in December 2022.[18]
Bhaiya is a frequent commentator on market trends and investment strategies[3][19] on news channels like Times Now,[20] BT TV,[9] CNBC TV18.[21]
Siddhartha Bhaiya had alleged that a broker engaged in mirror trading while executing trades for the fund. Mirror trading involves replicating real-time trades executed by another individual. In 2023, a complaint was lodged with the Securities and Exchange Board of India (SEBI), alleging front running. Following the complaint, SEBI initiated an investigation. The accused broker opted for a settlement that included a fee of 45.99 lakh. SEBI's order on July 5 concluded that while front-running wasn't substantiated, the broker's actions violated specific provisions of the Prohibition of Fraudulent and Unfair Trade Practices (PFUTP) Regulations.[5]