Axis Mutual Fund appoints Nandik Mallik as Head – Fairness & Hybrid for its proposed SIFs

Axis Asset Administration Firm has introduced the proposed appointment of Nandik Mallik as Head – Fairness and Hybrid for its upcoming Specialised Funding Funds (SIFs). Axis Mutual Fund acknowledges the numerous potential on this newly notified product class, and Nandik will lead Axis AMC’s efforts on this rising house.

Nandik is a seasoned monetary providers skilled with over 20 years of expertise, primarily in asset administration. With an in depth background in managing giant AUMs throughout risk-adjusted funds, he brings helpful experience to the crew. His profession consists of efficiently launching the Lengthy Quick Fund at ICICI Prudential AMC. Most not too long ago, he served because the CIO at Avendus Capital Public Markets Alternate Methods LLP, in response to a press launch by the fund home.

“Nandik’s mixture of strategic imaginative and prescient, sensible expertise, and market data will likely be key in rising our fairness and hybrid choices within the SIFs house as and when Axis AMC receives approval for this product class. He’s an professional in derivatives, and we’re excited to have him on board. This appointment highlights our dedication to offering progressive options and maximizing worth for our traders,” mentioned B Gopkumar, MD & CEO, Axis AMC.

Nandik holds a BTech diploma from IIT Kharagpur, a PGDM in Finance from IIM Calcutta, and a Grasp’s Diploma in Finance from London Enterprise College.

The market regulator SEBI has launched the Specialised Funding Fund (SIF) framework to bridge the hole between mutual funds (MFs) and portfolio administration providers (PMS). This framework goals to supply subtle traders with extra versatile funding alternatives whereas guaranteeing regulatory oversight. The brand new framework will take impact from April 1, 2025.

SIFs will supply a number of funding methods throughout fairness, debt, and hybrid asset lessons. The minimal funding in SIFs is Rs 10 lakh per investor, which have to be maintained throughout all funding methods on the PAN degree. This minimal funding requirement applies completely to SIF investments and doesn’t embrace investments made by the investor in common mutual fund schemes of the identical AMC.