In February 2016, Anoop Bhaskar joined IDFC Asset management Co. Ltd as the head of equities. He replaced Kenneth Andrade, who left the fund house to start his own venture. On the face of it, you might ask: what is new?
Look again. Although both—Andrade and Bhaskar—come with good, long-term track record and have been around for many years, both are as different as chalk and cheese in terms of their style of fund management. Andrade made his name at IDFC Asset Management by managing—with a singular focus—the IDFC Premier Equity Fund (IPEF; a mid-cap scheme) ever since its launch in September 2005. That is a little over 10 years. Punam Sharma—the co-fund manager of IPEF since its inception, and who worked alongside Andrade—also recently quit the fund house. Now, Bhaskar, an outsider, will take charge of the fund.
