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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The fund house has pulled off a turnaround of its equities business, but has so far been unable to translate that performance to growing its AUM and raising market share.
When a consortium led by Bandhan Bank’s parent took over IDFC Mutual Fund in January this year, the business was skewed towards debt schemes, with little to show for on the equity side. Of the nine equity funds in its portfolio, seven were underperforming their peers.
Enter Manish Gunwani as chief investment officer, equities, of the rechristened Bandhan Mutual Fund. Nine months on, the 50-year old has managed to craft a stellar growth story that even Prashant Jain—the legendary former CIO of HDFC AMC, with an enviable two decade-long record—would be proud of.
The fund house has seen a complete …
The regulator is pushing for incumbents to be replaced with candidates from outside (and shorter tenures), while the banks continue to set store by continuity and stability.
With the founder and departing CEO due to retire next month, it won’t be easy for India’s youngest universal bank to fill the vacuum at the top.
CEO Chandra Shekhar Ghosh has a plan that will see the bank move away from its microfinance legacy. Can he pull it off?
