Saurabh Bhatia has resigned from his post of Head of Fixed Income at DSP Mutual Fund to join mutual fund distribution firm Sapient Wealth as its Head - Macro Strategy and Fixed Income, confirmed Amit Bivalkar, CEO of Sapient Wealth. Bhatia will join the distribution firm next month.
At Sapient Wealth, Bhatia will be responsible for devising fixed-income strategies for corporate and large individual clients.
“We are excited to announce that Saurabh Bhatia joins Sapient Wealth as Head – Macro Strategy and Fixed Income. He complements our strong client centric, result-oriented culture, and has an impressive reputation for conceiving and implementing ideas that fuel marketplace presence with outcome focus. Saurabh’s experience of serving investors across institutional and retail platforms adds more synergy across Sapient platforms including advisory and distribution channels,” Bivalkar said.
Bhatia has over 20 years of experience across roles in fixed income. He started his asset management career with HSBC Asset Management. Bhatia had joined DSP MF in 2017 and was heading the fixed income vertical since February 2019.
Sapient Wealth is one of the largest mutual fund distributors. In fact, it is the only distribution firm run by individual MFDs in the list of top 25 SIP distributors. The company claims to have 27,000 clients, around 100 employees and partners and 11 offices.
The MF distribution firm was founded in 2009 by Janak Shah, Amit Bivalkar and Rahul Khandekar. After 10 years of organic growth, Sapient created an inorganic growth path in 2019 with merger of distribution businesses of two MFDs — Paresh Kariya of Mumbai and Pallav Bagaria of Guwahati. In February 2020, two more MFDs, Dhruv Mehta and Roopa Venkatakrishnan merged their businesses with the firm.
