Tata Mutual Fund

Tata Asset Management Ltd. (TAML) is part of the Tata Group that manages Tata Mutual Fund. The company was established in 1994 and offers diverse investment options to investors based on their risk appetite, financial objectives, and income.

According to the company, their business is based on the 3 most significant aspects – performance, service, and trust. Its vision is to deliver a better quality of life to their investors by securing their financial future.

Tata Asset Management Ltd. currently offers hybrid funds, equity funds, and fixed income funds. The funds have received various awards over the years some of which include –

• CNBC TV 18 Mutual Fund Awards awarded the Tata Equity P/E Fund as the Best Value/Contra Fund.
• CNBC TV 18 Mutual Fund Awards also awarded the Tata Treasury Advantage Fund as the Best Low Duration Debt Fund.
• Thomson Reuters Lipper India 2018 Fund Awards awarded the Tata Retirement Savings-Moderate (3 years & 5 years) in the Mixed Asset INR Aggressive category.
• Business Today-Money Today Financial Awards awarded the Tata Balanced Fund as the Best Long-Term Balanced Fund in its category.

Tata Asset Management Ltd. is registered as a mutual fund with SEBI under the registration code MF/023/95/9. The company registered itself as a portfolio manager in 14 September 2004 with the registration code INP000001058. It also operates a Foreign Institutional Investor (FII) - Tata Asset Management (Mauritius) Private Ltd., registered with SEBI under the registration code INMUFD161207.

While Tata Sons Ltd. holds 67.91% shares in TAML, 32.09% shares are held by Tata Investment Corporation Ltd.

As of 31 March 2024, Tata Asset Management Ltd has an asset under management (AuM) of Rs. 147169.65 Crores.

1. Mr. Akhil Mittal

Mr. Akhil Mittal holds a B.Com degree from the Panjab University and an MBA degree from the University Business School.

Mr. Mittal was the Assistant Manager at Rallis India Ltd. back in 2004. He became the Senior Manager of Edelweiss Capital Ltd. in 2006. In 2008, he moved to Canara Robeco Mutual Fund as the Fund Manager of Fixed Income. Two years later, he became the Fund Manager of Principal PNB Mutual Fund. He re-joined Canara Robeco Mutual Fund as the Fund Manager of Fixed Income in 2011.

Mr. Mittal joined Tata Mutual Fund in 2014 as the Senior Fund Manager of Fixed Income. He manages an AuM of Rs. 4,102 invested in 18 schemes including Tata Dynamic Bond, Tata Income Fund, Tata Treasury Advantage, Tata Balanced Advantage Fund, etc.

2. Mr. Sonam Udasi

Mr.Sonam Udasi holds a Post Graduate Diploma in Business Administration with specialisation in Finance.

He joined Prime Securities back in 2007 as the Director of Research. A year later, he became the VP Research and Group Head of Consumers at Brics Securities. In 2010, he was appointed as the Senior Vice President and Head of Research at IDBI Capital.

Mr. Udasi joined Tata Asset Management Ltd. in 2014. He manages an AuM of Rs. 12,863 Crore invested in 19 schemes like Tata Banking and Financial Services Fund, Tata India Consumer Fund, Tata Retirement Savings Fund, Tata Equity PE Fund, etc.

3. Ms. Ennette Fernandes

Ennette Fernandes is a B.Com graduate, holding a PGDM in Finance from the Sydenham Institute of Management Studies, Research and Entrepreneurship Education (SIMSREE).

She initially joined Phillip Capital India in 2009 as a Research Analyst on FMCG sector. Ms. Fernandes became the Research Analyst at Tata Mutual Fund in 2014. Her areas of concentration were FMCG, textile, consumer durables, retail, media, and building products.

She became the Assistant Fund Manager in the company in 2018. Ms. Fernandes manages an AuM of Rs. 6,827 invested in 14 schemes like Tata India Consumer Fund, Tata Retirement Savings Fund Progressive Plan, Tata Large Cap, Tata Midcap, Tata India Tax Savings Fund, etc.

4. Mr. Amey Sathe

Mr. Amey Sathe holds a B.Com and M.Com degree from the Mulund College of Commerce. He is an MMS in Finance from the SIES College of Management Studies. Mr. Sathe is also a Chartered Financial Analyst from the USA.

He was initially an Analyst in Bank of America in 2006. From there, he moved to HDFC Securities as an Analyst of Institutional Equities in 2008. A year later, he joined CARE Ratings where he headed the Credit Ratings of banks, NBFCs, and HFCs. The same year, he became the Assistant Vice President of Equity Research of JM Financial Institutional Securities Ltd.

Mr. Sathe joined Tata Asset Management Ltd. as a Research Analyst in 2015. He became an Assistant Fund Manager in 2018. Currently, he manages an AuM of Rs. 5,911 Crore invested in 8 schemes like Tata Banking and Financial Services, Tata Equity PE Fund, Tata Equity PE Fund Dividend Trigger Option A, etc.

5. Mr. Rupesh Patel

Mr. Rupesh Patel holds a Civil Engineering degree and an MBA degree from the Sardar Patel University.

Mr. Patel began his career as a Project Manager at Gujarat State Road Development Corporation Ltd. in 1999. He joined CARE Ratings in 2001 as a Deputy General Manager of Corporate Sector Ratings. In 2007, he became the Assistant Vice President of Investments at IndiaReit Fund Advisors Ltd.

Mr. Patel joined Tata Mutual Fund as a Deputy General Manager of Investments in 2008. He became the Head of PMS in 2012. A year later, he became a Fund Manager. Mr. Patel manages an AuM of Rs. 4,506 Crore invested in 14 schemes like Tata Large Cap, Tata Midcap, Tata Infrastructure, Tata Ethical, Tata India Tax Savings Fund, etc.

6. Mr. Sailesh Jain

Mr. Sailesh Jain has a B.Com degree from the Jai Hind College and is an MBA in Finance and Strategy from the Queensland University of Technology.

Mr. Jain was the Assistant Vice President of Derivatives at Brics Securities in 2004. He became the Fund Manager of Derivatives at Lotus India Mutual Fund in 2006. In 2008, he joined India Infoline Ltd. (IIFL Ltd.) as the as the Vice President of Derivatives. Two years later, he became the Vice President of Derivatives & Equities at Quant Capital Private Ltd. He joined IDFC Ltd. as the Senior Vice President of Equity Derivatives in 2016.

MR. Sailesh Jain joined Tata Asset Management Ltd. as the Fund Manager of Equities in 2018. He currently manages an AuM of Rs. 1,782 Crore invested in 15 schemes like Tata Digital India Fund, Tata Resources & Energy Fund, Tata India Pharma & HealthCare Fund, Tata Equity Savings Fund, etc.

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