Vikaas Sachdeva, former chief executive officer at Edelweiss Mutual Fund will be joining ENAM Asset Management Co in the same capacity, sources in the industry said.
“At an asset management level, we believe that we are the Apple of the Indian mutual fund industry. Banking on a slew of innovative products for international investors in its pursuit to become one of India’s top three global asset management firms, explains Vikaas M Sachdeva.
Steps taken by the government over the last two years are starting to fall in place now and perception is shifting dramatically.
The good news about 2015 was despite the markets not doing too well, we saw record inflows coming in from retail investors in Mutual funds. Many of the SIPs were continued and that reflects a shift in thinking, doesn't it?
The general refrain among many market participants is that the MF industry has too many players doing more or less the same thing - which then leads to the relatively smaller players being seen as fringe players rather than valuable specialists.
Key group members
Edelweiss Asset Management
Nov 2010 – Jan 2017
Bharti Axa Investment Managers (I) Ltd
Dec 2007 – Nov 2010
ING Investment Management (I) Pvt Ltd
Apr 2005 – Dec 2007
Birla Sun Life AMC Ltd
Oct 1996 – Mar 2005