The chief investment officer of L&T Mutual Fund Soumendra Nath Lahiri has put down his papers, three industry sources told Moneycontrol.
A company official confirmed the development and added, “Soumendra Nath Lahiri has decided to explore other opportunities outside L&T MF.”
“Venugopal Mangat, head-equities, and Sriram Ramnathan, head-fixed income, who has been with L&T for over 7 years will continue to manage the funds in line with defined philosophy of the schemes,” the company source added.
Lahiri managed 17 schemes (AUM Rs 30,844 crore) at L&T Mutual Fund.
If the market grapevine is to be believed, Lahiri will be joining a private equity firm.
A post-graduate of IIM Bangalore, Lahiri has 28 years of experience in the fund management industry.
Lahiri also holds a degree in B.E (Mechanical) Engineering.
Prior to joining L&T Financial Services, he was Head of Equities at Canara Robeco Mutual Fund. His previous assignments include Chief Investment Officer at Emkay Global Services and Fortuna Capital and Co-Head - Equities with DSP Merrill Lynch Investment Managers Private Ltd.Are you happy with your current monthly income? Do you know you can double it without working extra hours or asking for a raise? Rahul Shah, one of the India's leading expert on wealth building, has created a strategy which makes it possible... in just a short few years. You can know his secrets in his FREE video series airing between 12th to 17th December. You can reserve your free seat here.