Exits Of Two Fund Managers In Three Months Affect Tata Mutual Fund Sales Tata Mutual Fund has witnessed exits two of its fund managers in three months. Because of this, the fund house’s sales team perceives lay-offs. The Tata group backed Tata MF house is struggling with “employee churn,” with leaving of existing employees and hiring of new ones. In three months period, the Asset Management Company has seen exits of its Chief Investment Officer Gopal Agarwal and Senior Fund Manager Gopal Agarwal. Lack of a steady leadership has been a challenging problem in the fund house’s sales team. The Tata AMC is finding it difficult to “gain sizable market share,” according to Business Standard. At least 10 employees in the fund house’s sales team have been requested to search for jobs somewhere else, according to the people mentioned above. The re-shuffling of employees in the Tata Mutual Fund house has come immediately after Prathit Bhobe took charge as the Chief Executive Officer (CEO) and Managing Director (MD) in May. However, the fund house shows no response to the questions related to employee re-shuffling and long-term strategy, reported Smart Investor. Tata Asset Management Company manages about assets worth of 450 billion Rupees. The AMC at present ranks 13 in terms of assets managed. Pradeep Gokhale, Tata AMC’s Senior Fund Manager, is also on his way out, according to the source. He has been with Tata fund house for 14 years. He was managing about 40 billion Rupees of assets at the fund house, at one point. Gopal Agarwal, Chief Investment Officer (Equities) at Tata AMC, has submitted his resignation in May 2018, thirteen months after he joined the fund house in April 2017. At Tata AMC, he led the fund management and equity research team. He was also responsible for managing and co-managing various equity funds. Agarwal, who quit from Tata Mutual Fund in May, is set to soon join DSP Blackrock Mutual Fund, according to Business Standard. The post Exits Of Two Fund Managers In Three Months Affect Tata Mutual Fund Sales appeared first on OWLT Market.

Tata Mutual Fund has witnessed exits two of its fund managers in three months. Because of this, the fund house’s sales team perceives lay-offs.

The Tata group backed Tata MF house is struggling with “employee churn,” with leaving of existing employees and hiring of new ones. In three months period, the Asset Management Company has seen exits of its Chief Investment Officer Gopal Agarwal and Senior Fund Manager Gopal Agarwal.

Lack of a steady leadership has been a challenging problem in the fund house’s sales team. The Tata AMC is finding it difficult to “gain sizable market share,” according to Business Standard.

At least 10 employees in the fund house’s sales team have been requested to search for jobs somewhere else, according to the people mentioned above.

The re-shuffling of employees in the Tata Mutual Fund house has come immediately after Prathit Bhobe took charge as the Chief Executive Officer (CEO) and Managing Director (MD) in May. However, the fund house shows no response to the questions related to employee re-shuffling and long-term strategy, reported Smart Investor.

Tata Asset Management Company manages about assets worth of 450 billion Rupees. The AMC at present ranks 13 in terms of assets managed.

Pradeep Gokhale, Tata AMC’s Senior Fund Manager, is also on his way out, according to the source. He has been with Tata fund house for 14 years. He was managing about 40 billion Rupees of assets at the fund house, at one point.

Gopal Agarwal, Chief Investment Officer (Equities) at Tata AMC, has submitted his resignation in May 2018, thirteen months after he joined the fund house in April 2017. At Tata AMC, he led the fund management and equity research team. He was also responsible for managing and co-managing various equity funds.

Agarwal, who quit from Tata Mutual Fund in May, is set to soon join DSP Blackrock Mutual Fund, according to Business Standard.

The post Exits Of Two Fund Managers In Three Months Affect Tata Mutual Fund Sales appeared first on OWLT Market.

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