Radhika Gupta of Edelweiss AMC on the joy of creating impact
Sep 13, 2023
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Radhika Gupta, CEO of Edelweiss AMC, talks about the problem-solving approach in the financial industry. She discusses the success of Bharat Bonds and the simplicity needed in the workplace. Gupta shares her views on work-life balance and offers advice for professional women. She emphasizes the importance of feedback, trust, and embracing disruption in asset management. Gupta also highlights the significance of owning one's story and the power of self-reflection in communication.
Edelweiss AMC focuses on providing simple and effective solutions to solve customers' financial problems.
Radhika Gupta emphasizes the importance of aligning financial solutions with individual consumers' needs and circumstances.
Developing an inner scorecard and prioritizing tasks can lead to personal fulfillment and efficient time management in professional life.
Deep dives
Radhika Gupta's Journey in Asset Management
Radhika Gupta, the CEO of Edelweiss Asset Management, shares her unique journey in the asset management industry. After studying at top American universities and working at McKinsey, she co-founded her own asset management company in India, which was later acquired by Edelweiss. She reflects on the transition from being a business owner to an employee, highlighting the challenges and adjustments involved. She believes that feedback, even harsh criticism, can be valuable and has played a major role in her growth as a leader.
The Problem-Solving Approach of Edelweiss Asset Management
Under Radhika Gupta's leadership, Edelweiss Asset Management focuses on solving financial problems for customers. Rather than getting caught up in industry jargon, the company aims to provide simple and effective solutions to meet the financial goals and aspirations of its customers. Gupta believes that financial advice and literacy are crucial in helping consumers make informed investment decisions and solve their individual financial challenges.
Radhika Gupta's Perspective on the Market
Radhika Gupta sees the market as large and expanding, with tremendous potential for growth. She believes that as the Indian consumer becomes more aspirational, there is a need for innovative and consumer-focused financial products. Gupta emphasizes the importance of goal-oriented investing and the need to align financial solutions with the specific needs and circumstances of individual consumers. She challenges the notion of greed-driven investing and advocates for a more purposeful approach to financial planning.
Challenges and Strategies for Women Leaders
Radhika Gupta speaks openly about the challenges and biases faced by women leaders. She advises women to develop a thick skin and separate the critic from the criticism. She encourages calling out instances of bias and discrimination, while also advocating for financial education and promoting the value of financial advice. Gupta believes in the power of impact and aims to create positive change for individuals through her work.
Importance of Inner Scorecard
The podcast explores the concept of an inner scorecard, which refers to an individual's personal definition of success and what truly matters to them. The speaker emphasizes the significance of discovering and developing one's inner scorecard, which involves understanding what brings happiness and fulfillment, as well as what doesn't. This inner scorecard serves as a guide when making decisions about careers and life changes, allowing individuals to prioritize their own values and goals.
Delegation and Time Management
The podcast discusses the importance of delegation and time management in professional life. The speaker shares personal experiences of transitioning from being heavily involved in every aspect of work to delegating tasks and responsibilities. This shift from a superhero syndrome to effective delegation allowed for a more efficient use of time and enabled the speaker to focus on strategic and high-impact activities. The podcast highlights the significance of prioritizing tasks, managing time effectively, and finding a balance between personal and professional commitments.
Our guest for this episode, Radhika Gupta, describes Edelweiss AMC—or any mutual fund company, for that matter—as a company that solves financial problems for customers. Simple. Going into anything else, she says, is way too complicated.
Edelweiss operates in a crowded market with nearly 50 players. And it's surrounded by giants, rivals much larger than itself.
But that also gives it the space to take risks and bets that larger companies might not.
That’s how Edelweiss pulled Bharat Bonds into their armour, which shot up their assets massively. It went from number 30 in the mutual fund rankings to number 13 in just a few years.
As a CEO, Radhika is a big fan of keeping things simple and effective.
She has a straightforward way of dealing with workplace politics. A one-step way to shut down mansplaining. A very simple approach to trying to understand her consumers. And even an easy but brilliant way of organising her favourite poetry, excerpts and stories!
In this episode, we talk about:
What is the problem that Edelweiss is trying to solve?
How does Radihka define success?
How Radhika uses an inner scorecard to evaluate herself
How does she deal with criticism and separate constructive criticism from targeted bias?
Why Radhika doesn’t believe in work-life balance
Why Radhika has a third category of priorities after personal and professional
Radhika’s advice for young, professional women
This is Episode 26 of First Principles, with Radhika Gupta — The Ken’s fortnightly leadership podcast.
The Ken is India's first subscriber-only business journalism platform. Check out our deeply reported long-form stories, insightful newsletters, original podcasts and much more here.
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