After spending close to eight years at UTI, Anoop Bhaskar, one of India’s best regarded fund managers, has put in his papers. He has been with the fund house since April 2007.
Under his leadership, UTI MF’s flagship schemes like UTI Equity Fund and UTI Mid Cap Fund have consistently outperformed their respective benchmarks by a wide margin. While UTI Equity Fund has consistently outperformed its benchmark by 6% over three, five and seven year period, UTI Mid Cap Fund outperformed its benchmark by a whopping 14%,11% and 10% in three, five and seven year period respectively. He has also managed UTI Opportunities Fund.
Of the total Rs.31,800 crore of UTI MF’s equity assets, Bhaskar was managing nearly Rs.14500 crore or almost half of its equity assets.
With over 23 years of experience and equity research and fund management, Bhaskar is a B.Com from Delhi University and a MBA in Finance from Symbiosis, Pune.
Prior to joining UTI AMC, Bhaskar has worked with Sundaram Asset Management, Chennai as Head-Equity. He was the fund manager of Sundaram MF’s flagship scheme called Sundaram Select Midcap Fund. This fund had delivered CAGR of 61% in four year period, an outperformance of close to 20% annually.
Earlier, Bhaskar had worked with Templeton Asset Management as Senior Research Analyst, Shriram Financial Services as Manager-Investments, Brisk Financial Services and Cross Borders Finance & Project.
Cafemutual could not ascertain whether Bhaskar will continue to be a part of fund management industry. However, unconfirmed sources said that he is likely to join a bank promoted fund house.
