Mahindra Mutual Fund, a wholly owned subsidiary of Mahindra and Mahindra Financial Services Limited (MMFSL) announces appointment of key fund managers, while strengthening the portfolio management team. Mahindra Mutual Fund have more than doubled the Assets Under Management (AUM) over the last two years, and is pleased to announce doubling of equity fund management capability as well.
Mr V Balasubramaniam is appointed as Chief Equity Strategist, Srinivasan Ramamurthy joins as Equity Fund Manager, Clyton Fernandes will lead the role as Research Analyst.
The company has brought on board Mr V Balasubramaniam as Chief Equity Strategist. Bala has spent over 28 years investing in the Indian securities markets and was, until recently, the Chief Investment Officer at the IDBI Mutual Fund. Besides playing a role as the strategic leader for all equity activities, Bala will also manage some of the funds on a hands-on basis.
Mahindra Mutual Fund is pleased to further announce appointment of Mr Srinivasan Ramamurthy as Equity Fund Manager. Srini joins the company from the IDBI Group as well, where he was managing equity and hybrid strategies for over 6 years. Overall, he has nearly 13 years of experience in capital markets.
Speaking on the key appointments Mr Ashutosh Bishnoi, MD & CEO, Mahindra Asset Management Company Private Limited said, “The new appointees in our fund management team come with vast experience in their respective fields, and we look forward to a positive impact of their leadership, dynamism and proven abilities in scaling our business growth.”
Clyton Fernandes also joins the portfolio management team as Research Analyst. Clyton has nearly 13 years of experience in capital markets as an equity analyst. His last role was at BOB Capital Markets as Banking & Financial Services specialist. At Mahindra Mutual Fund, he will go beyond BFSI into other key sectors as well, to assist strategic calls on all portfolios.
With the joining of these three very experienced members Mahindra Mutual Fund has now created a robust capability to take on more schemes quickly, which will allow to meet the company’s business goals faster!
Mahindra Mutual Fund manages assets worth Rs 3,961 crore across six schemes as on June 2018. It endeavors to offer a variety of mutual fund schemes pan-India, with special focus in rural and semi-urban areas.