IDFC Asset Management Company Limited (‘IDFC AMC’), one of the top 10 AMCs in the country, announced the appointment of Mr. Manish Gunwani as Head – Equities. In this role, Mr. Gunwani will have overall responsibility for equity fund management for the fund house.
Mr. Gunwani has over 25 years of rich experience, covering the entire gamut of equity research as well as fund management. In his previous assignment, Mr. Gunwani was the Chief Investment Officer – Equities at Nippon India Mutual Fund where he was responsible for equity AUM exceeding Rs 1.2 lakh crore. Under his leadership, equity funds saw broad-based and steady improvement in performance. Prior to this, he was the Deputy CIO (Equities) at ICICI Prudential AMC, where he was instrumental in scaling up two flagship funds to a cumulative AUM of over Rs. 35,000 crore. Mr. Gunwani graduated from IIT Madras and has a postgraduate diploma in management from IIM Bangalore.
Speaking on the appointment, Mr. Vishal Kapoor, CEO, IDFC AMC said, “We are delighted to have Manish Gunwani on board. Manish’s proven expertise and successful track record will further enhance our equity franchise. His leadership combined with our talented equities team and our strong institutional framework will help drive the next phase of growth at our AMC. We take this opportunity to thank Anoop Bhaskar for his contribution to IDFC AMC and for building a strong process-driven equities team, and respect his decision to take a break at this juncture in his career”.
Mr. Manish Gunwani said, “IDFC AMC is amongst the top 10 AMCs in the country and commands respect and recognition among investors and distribution partners alike. I look forward to joining the team and being part of the next phase of growth for the franchise”.