Siddhartha Bhaiya is an Indian PMS fund manager and the founder of Aequitas Investment Consultancy, an investment management firm based in

Mumbai, India Mumbai ( ; ), also known as Bombay ( ; its official name until 1995), is the capital city of the Indian States and union territories of India, state of Maharashtra. Mumbai is the financial centre, financial capital and the list of cities i ...

. He serves as the managing director and

chief executive officer A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in variou ...

of the company.

Career

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). In 2012, he founded Aequitas Investment Consultancy in Mumbai, where he is the managing director and CIO. In 2019, the company announced plans to launch a Category-III Alternative Investment Fund (AIF). In 2022, the company topped the charts of Barclay Hedge Emerging Markets, Asia Rankings, based on the Compound Annual Return. Bhaiya was also a speaker at the PMS AIF World event and invited to participate in a panel discussion at the Indian Business and Professional Council (IBPC)

Kuwait Kuwait, officially the State of Kuwait, is a country in West Asia and the geopolitical region known as the Middle East. It is situated in the northern edge of the Arabian Peninsula at the head of the Persian Gulf, bordering Iraq to Iraq–Kuwait ...

event titled 'India – World's next growth engine,' held at Jumeirah Beach Hotel,

in December 2022. Bhaiya is a frequent commentator on market trends and investment strategies on news channels like

Times Now Times Now is an English-language news channel in India owned and operated by The Times Group. The channel launched on 23 January 2006 in partnership with Reuters. It is a pay television throughout India. Until 2016, it was India's most popula ...

BT TV EE TV (formerly BT Vision and then BT TV until 2023) is a subscription IPTV service offered by EE; a brand of British telecommunications company BT Group. It requires the signing up to and use of the EE Broadband internet and phone service, w ...

CNBC TV18 CNBC TV18 is an Indian pay television business and financial news channel operated as a joint venture between NBCUniversal and Network18 Group. History The network has its origins in ABNi, an Indian sub-feed of the Dow Jones-led Asia Bu ...

Mirror trading controversy

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 The Securities and Exchange Board of India (SEBI) is the Regulatory agency, regulatory body for securities and commodity market in India under the administrative domain of Ministry of Finance (India), Ministry of Finance within the Government ...

(SEBI), alleging

front running Front running, also known as tailgating, is the practice of entering into an equity (stock) trade, option, futures contract, derivative, or security-based swap to capitalize on advance, nonpublic knowledge of a large ("block") pending transactio ...

. 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.

References

{{DEFAULTSORT:Bhaiya, Siddhartha Indian accountants Indian stock traders Indian investors Living people Indian financial analysts Year of birth missing (living people)