“To promote financial inclusion, by assisting the common man in making informed investment choices, through mutual funds and thus bring to him, the prosperity of the capital markets.”

 

Mr. Krishna Prasad Nair
- Chairman
(DIN: 02611496)
Mr. Krishna Prasad Nair is the Deputy Managing Director of IDBI Bank Ltd. Mr. Nair joined IDBI in 1987 and has worked in various departments including Corporate Finance, Retail Banking and Human Resources. He has worked at multiple locations across the country including as Zonal Head in Kolkata and New Delhi. He has led the Bank’s HRD, Training, Administration, Information Technology, MIS, Facilities and Infrastructure Management Groups. Mr. Nair has about three decades of experience in banking sector.
Mr. A. L. Bongirwar
-Additional Nominee Director
(DIN: 00660262)
Mr. A. L. Bongirwar is Executive Director of IDBI Bank Ltd. In his previous role, he headed IDBI Capital Markets Ltd. as Managing Director & Chief Executive Officer where his profile comprised Strategic Planning, Leadership, organization and team building, Investment Banking, new business initiatives, Retail Broking and Institutional Research. He has vast experience in areas such as Corporate Debt Restructuring, Infrastructure lending and has been Zonal In-charge of the Bank for various businesses. Presently, as Executive Director, he is responsible for Project Appraisal/Syndication of loans & Government Business Development.Mr. Bongirwar is also Member of the Governing Council of the Maharashtra State Board of Technical Education (MSBTE).
Lt. Gen.(Dr.) Mukesh Sabharwal
-PVSM, AVSM**, VSM (Retd) Independent Director
(DIN: 05155598)
Lt. Gen.(Dr.) Mukesh Sabharwal, PVSM, AVSM**, VSM (Retd.), had an outstanding career of 40 years with the Indian Army. During the course of his service, he had served as the Corps Commander in Srinagar and Security Advisor to the J&K Government. He was also the Adjutant General of the Indian Army and in this capacity, the Principal Staff Officer to the Government of India and Advisor to the Chief of Army Staff. As the Chairman of ‘Army Group Insurance Fund’ and ‘Ex- servicemen Contributory Health Scheme’, he oversaw investments amounting to over Rs 20000 crores. Besides, in his capacity as the Chairman of ‘Army Welfare Housing Organisation’, he was responsible for directing policies for provision of housing to soldiers.
Ms. Geeta P. Shetti
-Independent Director
(DIN: 02948958)
Ms.Geeta P. Shetti has nearly four decades of experience in Banking sector. She superannuated as General Manager of Indian Overseas Bank in 2014. She has rich experience in the fields of Inspection, Risk Management, Compliance, Customer Service and Anti Money Laundering. She has served as the Principal Officer of Indian Overseas Bank in her capacity as the Head of Operation Department of the Bank. She had been on the Boards of CORDEX, a company formed under the auspice of IBA, and Universal Sompo General Insurance Co. Limited.
Mr. A. V. Rammurty
-Independent Director
(DIN: 00050455)
Mr. Annavarapu Venkat Rammurty during his illustrious career with IDBI Bank Ltd. has headed various functions of the Bank such as Research & Planning and Market Research Dept, Corporate Debt Restructuring (CDR) Cell, Risk Management Dept and the Corporate Strategy & Planning Dept. He has served as the Banks’ nominee Director on the Boards of various Companies. He has been an Independent Director on the Board of Man Industries (India) Ltd.
Mr. Dilip Kumar Mandal
-Managing Director & Chief Executive Officer
(DIN: 03313130)
Mr. Dilip Kumar Mandal is the Managing Director and Chief Executive Officer of IDBI Asset Management Ltd. Mr. Mandal has over three decades of experience in various fields of financial services viz. venture capital financing, project finance, credit appraisal and monitoring, NPA resolution, loan syndications, retail banking among others. Immediately prior to joining IDBI Asset Management Ltd, Mr. Mandal was Chief General Manager & Zonal Head of Retail Banking Group, IDBI Bank Ltd., covering the states of Odisha, Chattisgarh & Jharkhand and based at Bhubaneswar.
Management Team
Mr. Dilip Kumar Mandal
-Managing Director & Chief Executive Officer (CEO)
(DIN: 03313130)
Mr. Dilip Kumar Mandal is the Managing Director and Chief Executive Officer of IDBI Asset Management Ltd. Mr. Mandal has over three decades of experience in various fields of financial services viz. venture capital financing, project finance, credit appraisal and monitoring, NPA resolution, loan syndications, retail banking among others. Immediately prior to joining IDBI Asset Management Ltd, Mr. Mandal was Chief General Manager & Zonal Head of Retail Banking Group, IDBI Bank Ltd., covering the states of Odisha, Chattisgarh & Jharkhand and based at Bhubaneswar.
Mr. Vasudevan Desikachari
-Head – Sales and Distribution
Mr. Vasudevan Desikachari has over 24 years of work experience of which, 16 years have been in the mutual fund industry and 8 years in insurance and financial services sector. He started his career with Life Insurance Corporation of India. He has rich experience with various mutual funds in areas of sales, operation and strategic planning. Prior to joining IDBI Asset Management Ltd., he had held Senior roles in Sales function with various AMCs such as Deutsche Asset Management Ltd., Cholamandalam Asset Management Ltd. and Sun F&C Asset Management Ltd. He has also worked with Stock Holding Corporation of India in Sales, Custodial & Depository services and Capital Markets functions.
Mr. Amit Radheshyam Bhavsar
-Chief Operating Officer (COO) and Chief Financial Officer (CFO)
Mr. Amit Radheshyam Bhavsar has experience over 15 years in the financial services covering Asset Management, Life Insurance, Banking and Treasury Operations. He has handled various functions that include finance, accounts, audit, treasury, operations, taxation, risk, equity and debt market segment and general management .Prior to joining IDBI Asset Management Limited, he was associated with SBI Funds Management Pvt. Ltd. for around 7 years. He has also been associated with LIC Mutual Fund, SBI Life Insurance Co.Ltd. and Corporation Bank. Amit Radheshyam Bhavsar is a graduate in Commerce and aqualified Fellow Chartered Accountant. He is also a Charter holder of the CFA(ICFAI). Also he has done LLB, CAIIB, CFP.

Mr. V. Balasubramanian
-Chief Investment Officer
Mr. V Balasubramanian has over 36 years of work experience of which 17 years have been in the Mutual Fund Industry and 9 years in Treasury of a nationalized bank. He has rich experience as a Dealer in Bank Treasury as well as Mutual Fund, Fund Accounting and Software Development for fund accounting. Prior to joining IDBI Mutual Fund, he was a Senior Manager of the Treasury branch of Indian Bank.
Mr. Chandra Bhushan
-Company Secretary and Compliance Officer
(Membership No.: ACS: 30954)
Mr. Chandra Bhushan is an Associate Member (ACS: 30954) of Institute of Company Secretaries of India (ICSI) and a law graduate. He has more than 5 years of experience in managing Corporate Secretarial, Compliance and Legal affairs. Prior to joining IDBI Asset Management Limited he has worked with Delhi Mumbai Industrial Corridor Development Corporation Limited (DMICDC Ltd.)and Honda Cars India Limited.
Mr. Raju Sharma
-Head Fixed Income and Fund Manager
Mr. Sharma has 25 years of experience in financial services industry encompassing fund management, debt capital markets and treasury. Prior to joining IDBI Mutual Fund, he has worked with Tata Mutual Fund, India bulls Mutual Fund, JM Morgan Stanley, and DHFL. He manages IDBI Liquid Fund, IDBI Dynamic Bond Fund, IDBI Gilt Fund, IDBI Monthly Income Plan (Debt Portion) & IDBI Prudence Fund (Debt Portion).
Mrs. Uma Venkatraman
-Fund Manager – Equity
Mrs. Venkatraman has 15 years of experience in the financial services industry, with a focus on equities. Prior to becoming a fund manager, she was heading the Research function in IDBI Mutual Fund. Prior to joining IDBI Mutual Fund, she had worked with B&K Securities, ASK Raymond James, Morgan Keegan and UTI Mutual Fund.
Mr. Bhupesh Kalyani
-Fund Manager – Fixed Income

Mr. Kalyani has around 15 years of work experience of which 12 years has been into fixed income fund management and dealing. Prior to joining IDBI Mutual Fund his major associations has been with LIC Mutual Fund, TATA Mutual Fund and Star Union Dai-ichi Life Insurance Co. Ltd.. He manages IDBI Ultra Short Term Fund, IDBI Short Term Bond Fund & IDBI Corporate Debt Opportunities Fund.

Mr. Ashish Mishra
-Fund Manager-Equity

Mr. Ashish Mishra has 11 years of overall experience. He has earlier worked with ING Investment Management and Union Bank of India (Treasury Department). He has 6 years experience in Equity Fund Management in Mutual Fund. 

Mr. S. V. Durga Prasad
-Investor Relations Officer
Mr. S. V. Durga Prasad has over 24 years of total experience, out of which 19 years have been in the Mutual Fund industry in the fields of Investor & Distributor Services, Banking operations and Unit Admin. Prior to the current assignment, he was with Edelweiss Asset Management Ltd and had handled Investor & Distributor Services.
Our Service Providers
Statutory Auditors
M/s. Ray and Ray,
Chartered Accountants (ICAI Membership No.301072E)
305, Eastern Court, C-Wing, Tejpal Road,
Vile Parle (E), Mumbai - 400 057.