Mr. M.V. Nair
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.
Mr. M.V. Nair
Mr. 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.
Mr. R. Shankar Raman
Mr. R. Shankar Raman is a qualified Chartered Accountant and a Cost Accountant. Over the past 35 years, Mr. Shankar Raman has worked for leading listed corporates in varied capacities in the field of finance.
Mr. Shankar Raman joined L&T Group in November 1994 to set up L&T Finance Limited, a wholly owned Subsidiary.
Over the years, Mr. Shankar Raman assumed responsibilities to oversee the entire finance function at the Group level including functions like Risk Management and Investor Relations. Mr. Shankar Raman was appointed as Chief Financial Officer of Larsen & Toubro Limited in September 2011 and subsequently elevated to the Board on October 1, 2011. Mr. Shankar Raman is also on the Board of Management of several companies within the L&T Group.
Mr. Shankar Raman has been a recipient of several awards such as Best CFO of Asia in the Industrial Sector in a survey conducted by the prestigious New York based Institutional Investor Magazine, winner of Best CFO Awards from CNBC TV18, Financial Express, Business Today and Yes Bank.
Mr. Shankar Raman is the past Chairman of the CII’s National Committee of CFOs in 2017-18. He was also a member of Uday Kotak’s Committee on Corporate Governance constituted by SEBI.
Mr. Dinanath Dubhashi
With a rich experience of over three decades, Mr. Dubhashi has worked in multiple domains of Financial Services
such as Retail & Infrastructure lending, Rural Finance, Corporate Banking, Cash Management, Credit Ratings, Insurance and Wealth Management.
He has been associated with LTFH since 2007 and has been instrumental in scaling up the retail business operations manifold, across customer segments and geographies. During his tenure as MD & CEO, since 2016, LTFH has achieved several market leading positions in Farm Equipment Finance, Two-Wheeler Finance, Micro Loans and Renewable Power Finance.
The strategy roadmap defined under his leadership has transformed LTFH into an organisation focused on delivering sustainable returns through decisive strategic choices. The increase in retail proportion of loan book under his leadership, to 51% in FY22, has been built on the foundations of distinctive digital and analytics-based offering and a robust risk management framework.
As a part of his professional journey, he has also been associated with organisations such as BNP Paribas, CARE Ratings and SBI Capital Markets in various capacities.
He has been co-chairing the FICCI Committee on NBFCs since 2018 and is also on the Board of the Finance Industry Development Council (FIDC). . He is a Postgraduate from IIM Bangalore and holds a B.E. (Mechanical) degree.
Ms. Anisha Motwani
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.
Mr. S. V. Haribhakti
Mr. Shailesh Haribhakti is Chairman of 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 Limited, Bajaj Electricals Limited, Bennett Coleman & Company Limited, Torrent Pharmaceuticals Limited and NSDL e-Governance Infrastructure Limited. 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.
Mr. Shriniwas Yeshwant Joshi
CA Shriniwas Yeshwant Joshi, is a practising Chartered Accountant for over 4 decades and is also member of The Institute of Company Secretary of India.
He is a partner at CVK & Associates, Chartered Accountants, Mumbai. He is holding directorship in SBI Cards and Payment Services Limited, He is also a Director in Accounting Research Foundation and in XBRL India, companies formed by ICAI.
He was a Chairman of WIRC of ICAI and is currently a member of
Central Council of ICAI.
Mr. Jayant Gokhale
Mr. Jayant Gokhale is on the Board of Directors of PTC India Limited and R. A. Podar College of Commerce & Economics Alumni Association. He was also associated with several Committees of RBI, ICAI & IRDA and has authored articles related to taxation, finance and economy in various financial publications.
Mr. Gokhale is the Founder Partner of Gokhale & Sathe Chartered Accountants, Mumbai and was Head of Audit Department. He has also acted as Chairman of EAC (Expert Advisory Committee) for 3 years, CASLB, FRRB (Financial Reporting Review Board), PRB (Peer Review Board), WIRC of ICAI and Vice Chairman of ASB (Accounting Standards Board) & AASB (Auditing & Assurance Standards Board). He has also been a faculty for C&AG’s Indian Audit & Accounts Service Academy at Shimla & Mumbai, YASHADA, National Academy of Direct Taxes (NADT) & Regional Training Institute (RTI) of Income Tax Dept., JBIMS (Jamnalal Bajaj Institute of Management Studies), IES Management Institute & IIM Bengaluru.
Mr. Syed Waqar Abbas Naqvi
Mr. Waqar Naqvi holds First class MBA in Finance and he is an Associate member of the Institute of Cost Accountants. Mr. Waqar Naqvi was an Ex CEO of Taurus AMC Ltd and have earlier served as VP & Business Head – Off Shore Funds and specialty Businesses in a 7-year stint at Regional/Country Head/Business Head level in Aditya Birla SL AMC. Mr. Naqvi has 30 years of experience in financial services with the last 14+ years as CEO. Mr. Waqar Naqvi was the past Chairman of the AMFI ARN Committee, past member of the O.P. Jindal University Guiding Committee and current member of the Guiding Committee of University of Science & Technology, Meghalaya.
Mr. Naqvi has close to 27 years of experience in investment, finance and mutual fund industry. Mr. Naqvi’s extensive career spans across all facets of financial services especially all functions of asset finance and asset management. Employers in his resume include Thermax, Apple Finance, Escorts Finance and GE TFS Ltd. In his last assignment before he joined Taurus Mutual Fund, Mr. Naqvi was Business Head, Portfolio Management Services and Offshore / International Business at Birla Sun Life AMC. At present, Mr. Waqar Naqvi is a Director in Friends of Forces Foundation Ltd. (A section 8 Company) and Designated Partner of Right Standard Ventures LLP (Set up in Jan 2022 intending to act as a Boutique Investment Banking Arm).
Mr. Kailash Kulkarni
Chief Executive - Investment Management
In his current role at L&T Investment Management, Kailash is responsible for driving the overall business growth of the asset management company. He also leads the marketing initiatives for L&T Financial Services. Kailash took control at a time when the Group was in the midst of acquiring Fidelity Investments and led a seamless acquisition of the business. Under his leadership, L&T Investment Management has seen a Significant rise in assets since 2012.
Mr. Kailash Kulkarni has over 31 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, Kailash 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 distribution, sales and marketing functions.
He was a member of the SEBI Mutual Fund Advisory Committee and was on the board of Association of Mutual Funds of India (AMFI). He had also headed the Financial Literacy Committee for AMFI, in the past.
Kailash 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.
Mr. Ankur Thakore
Chief Distribution Officer
Mr. Ankur Thakore is the Chief Distribution Officer at L&T Mutual
Fund and part of the team which has helped build L&T Mutual fund over the last 10 years.
He brings with him a rich experience in the Mutual Fund Industry with over 23 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 HSBC Asset Management.
Mr. Thakore is a Bachelor of Engineering and a Masters in Management Studies in Finance.
Mr. Venugopal Manghat
Head - Equities
Mr. Venugopal Manghat is responsible for the equity schemes of the
company and heading the equity department. He independently manages five schemes of the company including some of
the larger funds like L&T India Value Fund and the L&T Emerging Businesses Fund.
He has over 27 years of experience, almost entirely in the mutual fund industry having worked across the three investment functions of Research, Dealing and Fund management. During his career as a portfolio manager and head of equities, he has won several awards for superior fund performance in multiple equity categories.
Prior to joining L&T Investment Management in 2012, he was Co-Head Equities at Tata Asset Management Limited. He had a stint of almost 17 years with Tata Asset Management Ltd having joined as a management trainee and worked in different capacities as dealer, research analyst, Head of Research and portfolio manager for 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.
Mr. Manghat holds a Bachelor of Science degree in Mathematics and an MBA in Finance.
Mr. Shriram Ramanathan
Head - Fixed Income
Mr. Shriram Ramanathan oversees the management of ~Rs 32,000 cr (USD 4.2bn) in assets across various fixed income
funds. As part of the senior leadership team, Shriram is responsible for growth of the fixed income franchise and
managing the fixed income team across portfolio management, credit research and trading functions. He has been with
the Investment Management business since June 2012 and has over 21 years of experience in fixed income markets. Prior
to joining L&T Investment Management, he was Portfolio Manager at Fidelity (FIL) Fund Management.
Prior to this, Shriram was part of the Global Emerging Market Debt (Asia) team at ING Investment Management Asia Pacific based out of Hong Kong for about 5 years. As Senior Investment Manager, Global Emerging Market Debt (Asia), he was responsible for managing the sovereign focussed, Asian bond portfolios as well as the Asian portion of ING’s Global EMD funds, with primary focus on Asian local currency bond markets, interest rate derivatives and FX, and actively involved in pitching for new mandates and assisting the organisation in growing the Asian fixed income franchise. Total assets under direct management: USD 2 bn. His earlier assignments were with Zurich Asset Management Company in fixed income research and with the Treasury department of ICICI Ltd, where he started his career in investments in 2000.
Mr. Ramanathan 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.
Ms. Ferhana Mansoor
Head - Compliance, Legal & Secretarial
Ms. Ferhana Mansoor is the Head - Compliance, Legal & Secretarial at LTIM.
Ferhana has 20 years of experience in the mutual fund industry in the Compliance, Secretarial, Legal and Risk Management functions. Prior to joining LTIM, Ferhana was associated with Baroda Asset Management India Ltd. and Daiwa Asset Management India Pvt. Ltd. as the Head - Compliance and Company Secretary. She has also worked with JM Financial AMC, Alliance Capital Asset Management India Pvt. Ltd., FDC Ltd. and Mahindra & Mahindra Ltd.
Ferhana is a qualified Company Secretary and holds a Bachelor's degree in Legislative Laws.