L&T Mutual Fund further strengthens its Investment Management Team

Appoints Mr. Sonal Gupta as Head of Research - Equity and Mr. Ankit Manubhai Patel as Senior Credit Analyst - Fixed Income

by Priya J

New Delhi, August 12,2021: L&T Mutual Fund has announced the appointment of Mr. Sonal Gupta as Head of Research - Equity and Mr. Ankit Manubhai Patel as Senior Credit Analyst - Fixed Income, as a part of fund house’s concerted strategy to further strengthen its Investment Management team.

Mr. Sonal Gupta will be contributing to the sector strategy, which includes providing direction to the team in identifying opportunities and trends in addition to his own coverage. Mr Gupta would also be leading the research team’s efforts on ESG, compliance and communication. He has a rich experience of more than 15 years in equity research and has worked with UBS Securities India Pvt Ltd and PricewaterhouseCoopers in the past. A CFA charter holder, Mr Gupta has completed his PGDM from IIM Bangalore and has a Bachelor’s degree in Mechanical Engineering (with Distinction) from Delhi College of Engineering.

Mr. Ankit Patel would be responsible for credit analysis and monitoring of the fixed income portfolio at L&T Mutual Fund. With an overall experience of 13 years, Ankit was earlier with ICRA, as Vice President and Sector Head, Corporate Ratings. An MBA in Finance from NMIMS, Mumbai, Mr Patel holds a B. Tech (Electronics and Communication) degree from MNNIT Allahabad.

Speaking on the occasion, Mr Kailash Kulkarni, CEO, L&T Mutual Fund said: “Sonal and Ankit’s combined 30 years of experience in their fields would further strengthen and help deliver value-added edge to our Investment Management team. We continue to focus on our long-term vision of delivering superior risk-adjusted qualitative returns and ‘True to Label’ schemes to our rising investor base.”

Mr. Gupta would be reporting into Mr. Venugopal Manghat - Head Equities, while Mr. Ankit will be reporting to Mr. Shriram Ramanathan, Head - Fixed Income.

L&T Mutual Fund has also recently announced the appointment of Ms. Cheenu Gupta as a Fund Manager for certain schemes.

About L&T Investment Management Ltd:L&T Investment Management Limited is a subsidiary of L&T Finance Holdings Limited and was incorporated on April 25, 1996. With over Rs. 75,531 crore (Quarterly Average Assets Under Management) as of June 30, 2021, our aim is to become the best value provider of investment solutions, across asset classes.

Our commitment to catering to different customers and a strong focus on creating value have resulted in a basket of 35 funds, which comprises 12 open ended equity schemes, 12 open ended debt/fixed income schemes, 5 hybrid schemes and 6 close ended schemes.

We believe the key to building wealth is a solid foundation, and therefore, when you invest with L&T Mutual Fund, you invest in happiness for the long term.