Amit Nigam will head the equity desk while Ramesh Rachuri will oversee debt.
Peerless Mutual Fund has appointed Amit Nigam as Head – Equities and Ramesh Rachuri as Head – Debt with effect from October 1, said a press release issued by the fund house.
Last month, the fund house had appointed Rajiv Shastri as its Managing Director & CEO after Akshay Gupta joined Indiabulls.
Nigam has over 13 years of experience in fund management. Prior to joining Peerless, he was the Senior Equity Portfolio Manager in BNP Paribas and Equity Research Analyst at SBI Mutual Fund. He has completed his Engineering (Mechanical) from the University of Roorkee and PGDM from the Indian Institute of Management, Indore.
Amit replaces Kaushik Dani who left Peerless in April.
Ramesh Rachuri has over 12 years of experience having previously served as Senior Fund Manager in BOI AXA MF. Prior to this, he worked as Head – Debt and Structured Products in Matrix Asset Management Company. Before that, he held several executive leadership positions at Reliance PMS, as Head – Debt and Structured Products & in Reliance Mutual Fund, as a Fund Manager - Debt.
Ramesh takes over from Ganti Murthy who has joined IDBI Mutual Fund as its head of fixed income.
Ramesh holds a degree in commerce from Osmania University and a diploma in Sales & Marketing (DSM) from National Institute of Sales, Chennai. He holds a PGDM from Indian Institute of Management, Indore. Besides, he has undergone training certification programs in Hong Kong, Shanghai and London in interest rate modeling and risk management, equity standard products and derivatives and equity derivatives.
Peerless MF started its operation in February 2010. The fund house manages AUM of Rs. 2,494 crore as on September 2014.
