Sandeep Sabharwal separates from JM Financial MF

Asit Bhandarkar shall be the Fund Manager of JM Core 11 Fund – Series 1 and JM Emerging Leaders Fund, Sanjay Chhabaria shall be the Fund Manager for JM Multi Strategy Fund. Sandeep Neema shall be the Fund Manager for JM Tax Gain Fund while JM Contra Fund will be managed jointly by Sandeep Neema and Sanjay Chhabaria. The change is effective from February 25, 2009.

Sabharwal shot to fame in his assignment in SBI Mutual Fund, where he turned around the prospects of its equity funds through his aggressive investment strategy. He left the firm to join Lotus AMC, now Religare Aegon AMC where he was asked to leave abruptly after the CBI named him, among others, in a case related to the purchase of Padmini Technologies shares by the mutual fund during the stock market scam in 2001. He joined JM soon after that.