Bengali actress Rituparna Sengupta in Dubai recently. Courtesy Satyaki Sarkar for Abhijaan Dubai
Bengali actress Rituparna Sengupta in Dubai recently. Courtesy Satyaki Sarkar for Abhijaan Dubai

Rituparna Sengupta’s 20 years in Bengali film



It's been more than 20 years since she started acting, but she is still the reigning heroine of Bengali cinema. Rituparna Sengupta, who showcased two of her latest films, Bharaate and Teenkahon, over the weekend at the Bengali Film Festival Dubai, tells The National about her Bollywood plans, her love of dance and the secret of her successful career.

You made your acting debut in 1994 and won India's National Film Award for Best Actress in 1998 for Dahan. You are still the top heroine of Bengali cinema. What is the secret of your longevity?

Yes, it has been 20 years. It’s interesting that I was a heroine then and I’m a heroine now. I think it’s my hard work that paid off. I didn’t know anybody in films to start with, yet I’ve been lucky to work with good directors. Actresses in India are written off once they get married. But I proved this wrong – I did some of my best films after getting married.

How has Bengali cinema changed in these 20 years?

There’s a lot of new-age cinema right now and I’m glad to be a part of that.This has given me a boost as an actress. Also, the audience wants to see some essence of their lives reflected in movies. Cinema is all about real-life heroes and heroines right now, not just the larger-than-life ones.

You’ve had many commercial hits portraying your glamorous side, but you’re equally at ease with art-house films, receiving accolades for complex roles.

I’m a product of commercial cinema. I’ve done the best of commercial cinema, with all the action and dancing, and continue doing that. But good realistic cinema is where my heart is.

What criteria do you look for before signing up for a film?

The script has to really excite me. I look to see if the role or film can reinvent the actress in me. Like, right now I'm doing a pivotal role in Srijit Mukherji's period film Rajkahini.

You have trained in two classical dance forms, Odissi and Manipuri, and you have choreographed dances to some of Rabindranath Tagore’s works. How important is dance to you? Very important. Dance gives you immense satisfaction and tranquillity. I want to establish a dance academy someday.

You've acted in Hindi films such as Main, Meri Patni Aur Woh and Dil Toh Baccha Hai Ji. But will we get to see you in some meatier roles in Bollywood and other regional cinema?

I've been too embedded in Bengali cinema so far. But a few Hindi films such as Tere Aane Se and Extraordinary are coming up.

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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