Nippon Life India Asset Management (NAM India), asset manager of Nippon India Mutual Fund (NIMF), announces the elevation of Mr. Sailesh Bhan as its new CIO - Equity effective 1st January 2023, when he takes over the charge from the present CIO - Equity, Manish Gunwani.
Sailesh has been with the organization since 2004 and has been acting as Deputy CIO - Equity, since 2014. He comes with over 25 years of rich investment experience. He has been managing multiple flagship funds namely, Nippon India Large Cap, Nippon India Multi Cap & Nippon India Pharma Fund for over 15 years. Sailesh has been an important pillar of NAM India and has been groomed over a period to take up this role.
Manish Gunwani, after a successful stint of over 5 years, will be moving on to pursue other career opportunity. He has led a strong team of 28 plus investment professionals with his robust knowledge and Investment capability.
Sundeep Sikka, ED & CEO, Nippon Life India Asset Management Limited said "We are happy to share the elevation of Sailesh Bhan as our new CIO - Equity. This is in line with our robust succession planning process and focus on grooming internal talent. Supported by our strong foundation of Research, Process, and Risk Management we are confident that Sailesh with his team will continue the journey of building wealth creation for the investors."
Shares of Nippon Life India Asset Management Limited was last trading in BSE at Rs. 268.50 as compared to the previous close of Rs. 270.05. The total number of shares traded during the day was 24085 in over 1026 trades.
The stock hit an intraday high of Rs. 270.20 and intraday low of 267.60. The net turnover during the day was Rs. 6467540.00.