Our emphasis being on delivering superior long-term risk-adjusted performance, we follow a disciplined approach to investment and risk management.
A robust monitoring and risk management process ensures checks and balances at every stage. Here is what happens through every step of our proprietary investment process - GEM.
1. Generation of ideas: Analysts and fund managers actively identify new ideas: For equity investing, the search spectrum includes investment team meetings, meetings with a company's management, competitors, suppliers, industry experts, regulators, external research and reports. And for fixed income funds, investment ideas are born out of team strategy meetings, in-depth interaction with issuers and market participants, macro analysis and internal and external research ideas.
2. Evaluation of companies: Filters such as liquidity, market capitalisation ownership and other parameters help identify opportunities, which are then thoroughly evaluated for profitability, business attractiveness, competitive positioning, balance sheet strength, management track record, corporate governance and valuations for equities. Thorough credit or issuer analysis and macro analysis underpins the evaluation framework for identifying issuers and instruments for fixed income portfolios.
3. Manufacturing or Monitoring of portfolios: Among all the ideas that are generated and evaluated, the fund manager picks those that have the most potential. Portfolios are monitored continuously to ensure that they are positioned to meet their investment objectives and are within the set risk framework. A fund manager may decide to exit a holding on achieving the price target or for other reasons such as weakened business prospects or credit, or if better investment opportunities wait in the wings.
M.V. Nair is presently the Non-Executive Chairman of CIBIL.
Mr. Nair was the Chairman and Managing Director of Union Bank of India (UBI) since April 1, 2006 until March 2012. Prior to joining UBI, Mr. Nair was the Chairman and Managing Director of Dena Bank.
He has been associated with many important committees set up by Reserve Bank of India (Committee on Priority Sector, 'Committee on Customer Services in Banks', 'High Powered Committee', to review the Lead Bank Scheme etc.). Mr. Nair was also the Chairman of Indian Banks’ Association during June 2009-2010.
P.H. Ravikumar is presently the Chairperson of the India advisory committee of Securities Investment Institute (India).Mr. Ravikumar was the Managing Director and Chief Executive Officer of Invent Assets Securitisation & Reconstruction Private Limited from 2008 to 2012. Prior to that, he was the Managing Director and Chief Executive of NCDEX Limited.
He has been associated with many important committees set up by regulatory bodies/Govt. of India and national level policy/regulatory committees set up by Government of India., to review the Lead Bank Scheme etc.
Mr. Ravikumar has been associated with several leading banks in India like Bank of India and ICICI Bank over the past 33 years.
R. Shankar Raman
R. Shankar Raman is the Chief Financial Officer and a Member of the Board at Larsen & Toubro Limited (L&T). He is on the board of several companies within the L&T Group. He joined the L&T Group in 1994 to set up L&T Finance Limited and has around 35 years of experience in Finance and Management.
He is a Chartered and Cost Accountant by qualification and also has a degree in Commerce from the Madras University.
Dinanath Dubhashi is the Managing Director of L&T Finance Holdings. His rich experience over two decades in multiple domains in financial services such as Corporate Banking, Cash Management, Credit Rating, Retail Lending and Rural Financing. He has been with L&T Financial Services since 2007 and has been instrumental in scaling up the retail business operations manifold, across customer segments and geographies.
Under his leadership, retail business has grown both organically and inorganically to reach an asset size of around Rs 28,000 crores, serving more than 30 lakh customers. He has also provided leadership to various functions such as Operations and Information Technology for L&T Financial Services.Prior to this, he was associated with organizations such as BNP Paribas, CARE Ratings and SBI Capital Markets in various capacities.
He is Post Graduate from IIM Bangalore and also holds a B.E. (Mechanical) degree.
Y.M. Deosthalee assumed the office of Chairman & Managing Director of L&T Finance Holdings Limited (LTFH) in September 2011. He is currently the Chairman of LTFH. Since its inception in 1995, he has provided strategic direction to the financial services business of the Larsen & Toubro Limited (L&T) Group and has been the key architect of its growth.
Mr. Deosthalee was the Chief Financial Officer and Member of the Board of L&T till September 2011. He was the Chairman of CII’s National Committee on NBFCs and a member of its National Council and Committees on Banking, Financial Sector Development and Smart Cities. He is also the Non-Executive Chairman of L&T Finance Limited and L&T Infrastructure Finance Company Limited.
He is a Chartered Accountant and a Graduate of Law.
V. Natarajan was the Chairman and Managing Director of United India Insurance Co. Ltd. He has extensive and varied experience of over 41 years in various areas of general insurance, reinsurance, underwriting, claims, marketing, HRD, Investments, Product Development, Handling insurance of mega risks. Further, he has negotiated and finalized overseas reinsurance placements.
Hemant Y. Joshi
Hemant Y. Joshi has spent a long career in the area of Infrastructure Development. He was responsible for building CRISIL Infrastructure Advisory from its inception in 1994 to its current status of leadership. Under his leadership, CRISIL Infrastructure Advisory did significant work in shaping policies for private sector participation in Infrastructure for State Governments, Government of India and numerous countries in the South African region.
During his stint as an Executive Director and Chief Operating Officer of CRISIL, he was actively involved in transforming CRISIL from a monocline Rating Agency to its current position as India’s leading provider of Ratings, Research, Risk and Policy Advisory.
Mr. Joshi retired as MD & CEO of CRISIL Risk and Infrastructure Solutions Limited (CRIS Ltd) in the year 2009.
He was a member of the Pipeline Advisory Committee, a committee setup by the Petroleum & Natural Gas Regulator to advice on Gas pipeline issues.
Jairaj Purandare is the Founder Chairman of JMP Advisors Pvt Ltd, a tax and consulting firm, based in Mumbai, India. He has over three decades of experience in tax and business advisory matters and is an authority on taxation. He was the Senior Partner of PricewaterhouseCoopers India (PwC) and Country Leader–Markets & Industries. He was earlier Chairman of Ernst & Young India ("EY").
Mr. Purandare was the Country Head of the Tax & Business Advisory practice of Andersen India, before joining EY.
Mr. Purandare has considerable experience on various issues in the Financial Services, Infrastructure, Power, Media, Pharma, Auto and Education sectors. He advises clients on investment proposals to regulatory authorities including the Foreign Investment Promotion Board and the Reserve Bank of India. In its report, World’s Leading Tax Advisors, International Tax Review (Euromoney) has named Mr. Purandare several times as among the leading Tax Advisors in India.
A frequent speaker at seminars in India and abroad, Mr. Purandare has presented several papers in areas of his expertise including international tax, transfer pricing, M&As, Indian Budget and Economy.
Chief Executive Officer
Kailash Kulkarni brings with him over 25 years of rich experience in Sales, Business Development and Operations, of which 20 years has been in Banking, Asset Management and Insurance Industry.
Prior to L&T Mutual Fund, he was associated with Kotak Mahindra Asset Management, Metlife Insurance and ICICI Group, JM Financial, Eicher Motors Limited in different capacities.
Mr. Kulkarni is on the board of the Association of Mutual Funds of India (AMFI). He holds a MBA from Institute of Management Development and Research, Pune.
Chief Investment Officer
Soumendra Nath Lahiri is the Chief Investment Officer with a rich experience of over 17 years in equity markets in India.
Prior to joining L&T Financial Services, he was Head of Equities at Canara Robeco Mutual Fund. His previous assignments include Chief Investment Officer at Emkay Global Services and Fortuna Capital and Co-Head - Equities with DSP Merrill Lynch Investment Managers Private Limited.
He holds a Post Graduate Diploma in Management from IIM Bangalore and a degree in Engineering.
Chief Distribution Officer
Ankur Thakore brings with him rich experience in the Mutual Fund Industry with more than 18 years in sales and distribution, channel management, Portfolio Management Services and product development across organizations.
His prior experience includes positions at Fidelity Fund Management, DSP Merrill Lynch Fund Management, Kothari Pioneer Mutual Fund and a brief stint at HSBC Asset Management.
Ankur Thakore is a Bachelor of Engineering (Construction) from Mumbai University and a Masters in Management Studies in Finance, Mumbai University.
Head- Fixed Income
Shriram Ramanathan oversees the management of about Rs 15,000 cr in assets across various fixed income funds. He has been with the Investment Management business since June 2012 and has over 15 years of experience in fixed income markets.
Prior to joining the Investment Management business, he was Portfolio Manager at Fidelity (FIL) Fund Management. In his previous roles, Shriram was managing the Global Emerging Market Debt (Asia) at ING Investment Management Asia Pacific in Hong Kong for about 5 years. His earlier assignments were with Zurich Asset Management Company in fixed income research and with the Treasury department of ICICI Bank, where he started his career in investments in 2000.
Shriram is a Chartered Financial Analyst and holds a Post Graduate Diploma in Business Management from XLRI Jamshedpur and an Engineering degree from the University of Mumbai.
Head- Operations and Customer Service
Vinod Venkateswaran has been with L&T Financial Services since November, 2012. Today, he heads the Operations & Customer Services for the Mutual Fund business.
He has more than 15 years of experience in Financial Services of which a substantial part has been in the Indian Mutual Fund industry.
Mr Venkateswaran is a Commerce Graduate from the Mumbai University and an Associate Member of the Institute of Company Secretaries of India and the Insurance Institute of India.
National Head – Institutional Sales
Mandar Shendye has around 20 years of experience in capital markets.
Prior assignments include Director-Equity Capital Markets, Religare, Director - Institutional Sales at IDFC, Director-Equity sales at Citigroup Global Markets, and Channel sales and PCG at DSP Merrill Lynch.
Mandar holds a Bachelor's degree in commerce and a Master's in Business Administration
Head – Product Development
Nilesh Naik has been with the Investment Management business since November 2012 and is currently the Head of Product Development and Risk Management. Nilesh has more than 14 years of experience in the investment industry spanning across Product Development and Management, Investment Advisory, Research and Risk Management.
He has previously worked with Fidelity Worldwide Investment and DSP Merrill Lynch Fund Managers among others.
Nilesh holds a Bachelor of Science degree in Chemistry and an MBA in Finance and Marketing. He is also a CFA Charter holder from the CFA Institute, USA.
Jaymeen Shah is the Head – Compliance for the Investment Management business and has around 9 years of experience in Legal, Compliance and Corporate Secretarial. He has been a part of the group since 2009.
His prior stints include working with HSBC Asset Management (India) Private Limited and ABN AMBRO Asset Management (India) Limited (now BNP Paribas Asset Management India Private Limited) where he was responsible for Legal, Compliance and Corporate Secretarial functions.
Jaymeen is a Company Secretary and a graduate in Commerce.
Head- Risk Management
Swati Bhave brings with her over 10 years of experience. She joined L&T Financial Services in the year 2008 as a Credit Risk Analyst in the Retail segment.
Prior to joining L&T Financial Services, she was associated with Datamatics Technologies. She holds a Bachelor's degree in Commerce and is a qualified Chartered Accountant.