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.
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 & Chief Executive Officer 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.
Ms. Anisha Motwani is currently an advisor with the World Bank on the prestigious ‘Swachh Bharath programme’ &‘ National Mission for clean Ganga’. She is also the strategic advisor to the Max Group of companies guiding them on key brand & digital transformation projects across several lines of
She is the author of Storm the Norm - first-of-its-kind collection of contemporary stories of truly inspiring businesses and brands from India that either wrote or rewrote the norms of their respective industries and brought in unprecedented change and vibrancy.
She comes with a rich experience of over 28 years in diverse industries - advertising, auto-manufacturing, financial and health services. Ms. Anisha is known for her exceptional ability to turn fresh insight into actionable consumer propositions. She is credited with transforming some somber categories into vibrant ones with her deep understanding of consumer behavior & preferences. Ms. Anisha also comes with rich, hands-on experience in digital transformation initiatives of complex, traditional brick & mortar industries and has authored several articles on the subject.
She is as an Independent Director on the board of several companies (PNB MetLife Insurance, India Shelter Finance Corporation & Prataap Snacks Limited) and professional associations like CII, AIMA & ISA.
In recognition of her achievements, she was voted as one of the '50 Most Powerful Women in Indian Business' by Business Today for three consecutive years since 2009. She has also been recognized amongst the 'Top 50 Women in Media, Marketing and Advertising' by Impact & Colors for 4 consecutive years since 2011. She has been conferred ‘Women at Work Leadership Award 2011' by Asian Confederation of Business and ‘Marketer of the year’ award by NDTV amongst many others.
Ms. Anisha Motwani is a MBA graduate and holds a degree in Bachelor of Science.
S. V. Haribhakti
Mr. Shailesh Haribhakti is Chairman of Haribhakti & Co. LLP (Chartered Accountants); New Haribhakti Business Services LLP & Mentorcap Management Pvt. Ltd.
Evolving from a background in Audit, Tax and Consulting, he now seeks to create enduring value for Companies and organizations he is involved by being a deeply engaged Independent Director. His strong belief is that good Governance creates a sustainable competitive advantage. He is a strong supporter of a clean and green environment and is pioneering the concept of 'innovating to zero' in the social context.
He is currently Chairman & Trustee of the National Pension Scheme Trust (NPS Trust); Member of Pension Advisory Committee (PAC) of Pension Fund Regulatory & Development Authority (PFRDA); Chairman of L&T Finance Holdings Ltd. & Chairman of Future Lifestyle Fashions Ltd. He serves on several large Boards of multinational and Indian Companies and is also a member of several Advisory Boards.
He has participated in creating Indian Multinationals in the services sector. His passion for teaching, writing and public speaking have made him an associate with IIMA, many management institutions and several industry & professional forums. He has led BMA, IIA (Mumbai), ICAI (WIRC), IMC, FPSB and Rotary Club of Bombay over the last several decades. For two years he served on the Standards Advisory Council of the IASB in London.
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.
Chief Executive Officer
Group Head - Marketing
In his current role at L&T Investment Management, Mr. Kailash Kulkarni is responsible for driving overall business growth as well as leading the marketing initiative for L&T Financial Services. Mr. Kulkarni took control at a time when the Group was in the midst of acquiring Fidelity Investments, and led a seamless integration of the business. Under his leadership, L&T Investment Management has seen a tenfold rise in assets since 2012.
Mr. Kulkarni has over 25 years of work experience, most of which includes heading sales functions of businesses across BFSI. Previously, he was the Head of Sales at Kotak Mahindra Asset Management. At MetLife India Insurance, Mr. Kulkarni set up and expanded the agency network. His journey in the BFSI space began with growing the third party distribution network first for JM Financial and subsequently for ICICI Bank. He has also worked in Eicher Motors in the distribution, sales and marketing functions.
Currently, Mr. Kulkarni is the Vice Chairman of the Association of Mutual Funds of India (AMFI) and has previously headed the Financial Literacy Committee for AMFI.
Mr. Kulkarni is a management graduate from the Institute of Management Development and Research. He loves to travel around the world and is passionate about adventure sports.
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 - Equities
Venugopal Manghat is Head - Equities at L&T Investment Management Limited. He manages the L&T India Value Fund, L&T Business Cycles Fund, L&T India Large Cap Fund and L&T Arbitrage Opportunities Fund. Venugopal also manages the equity component of L&T Equity Savings Fund and L&T Monthly Income Plan.
Venugopal has an experience of 23 years in equity markets in India. Prior to joining L&T Investment Management, he was Co-head of Equities at Tata Asset Management. He has worked for more than 16 years with Tata Asset Management Limited having joined as a Management Trainee and has worked in various capacities including as dealer for equity & debt, as research analyst for equity & credit, as Head of Research and managing some of the key equity and hybrid schemes for the company. He started his career as a research analyst on the sell side before joining Tata Asset Management.
Venugopal holds a Bachelor of Mathematics degree and an MBA in Finance.
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 - Product Development &
Nilesh Naik has been with the Investment Management business since November 2012 and is currently the Head of Product Development & Investment Operations. 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.
Pushpavathi Kaundar is the Compliance officer for the Investment Management Business and has around 10 years of experience in Compliance, Risk , Legal and Investment Operations.
She has previously worked with DSP Blackrock Mutual Fund for 3 years.
She holds a Law degree, a Commerce graduate from Mumbai University and has done MBA (Banking and Finance) from Tamil Nadu University.