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Shreedhar Manek

Based in Bangalore, Shreedhar is a Staff Writer for The Ken. He writes on technology, education, human resources and urban mobility. He has a BTech in Computer Science and an MS in Urban Sociology from IIIT Hyderabad.

22 Articles published

Top Comments by Shreedhar Manek

Zerodha, Navi, and the new wave disrupting mutual funds with passive aggression

Hey Anand. Good overview I'd have liked to know more about the specifics of the challenges that await the new fintechs in the passive space. I do admit that it may be too early to say how they'll fare and if they'll be able to compete at all. Here are some questions that I would ask - 1) What is the strategy of the new fintechs going to be to sell their own mutual funds? 2) Will they continue selling other AMCs' MFs? 3) Are AMCs worried by a possible hit in the distribution channels? Right now, they have free online distribution because of platforms selling direct funds online. 4) I'm a little unsure about the salary that Nithin estimates for a fund manager. It's well reasonable that some really top fund managers with a brand make that much, but the CEO of Nippon AMC, going by their annual report, has an annual salary of <4 crores. Unlikely that 99.99% of the fund managers make anywhere close to the CEO of a large AMC. 4) The biggest question that I have is why go for passive mutual funds at all? Sure, the following for such funds is building but it's nowhere near significant still. And higher expenses by themselves aren't a factor (as the income from active funds would be higher as well)

Shreedhar Manek

Nazara's 22-year survival journey to $80 million gaming IPO

Great story, Arundhati! I think the quote from the senior exec which calls Nazara a gaming VC is revealing. If Nazara is indeed seen through that lens, it makes the company an extremely risky bet. VC is, after all, a risky game to be in. In the long term, founders of the acquired companies are bound to move on for greener pastures. And the quick-style gaming that Nazara is in is a shaky ground to be in to begin with. Users can get bored with a game and move on before you know it. Unless Nazara builds something in-house, or converts an acquisition into an in-house product, their model is bound to break sooner or later. The only shining light I see is that being debt free the company itself won't immediately die. Maybe just slowly wither away. Also, there's a formatting error in this sentence - "Despite claiming to be the world’s largest cricket simulation game, " might want to fix.

Shreedhar Manek

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