Pankaj Tibrewal, previously the executive vice-president and fund manager at Kotak Mutual Fund, has decided to step down from his position to embark on a new venture, as per insider information. Joining a growing trend of fund managers leaving their roles to establish their ventures in the Portfolio Management Services (PMS) and Alternative Investment Fund (AIF) space, Tibrewal brings over 18 years of experience in fund management to his entrepreneurial endeavour.
Tibrewal initiated his career as a credit analyst and later worked with PNB Asset Management before joining Kotak Mutual Fund in 2010. During his tenure at Kotak, he successfully managed 10 funds, overseeing assets totalling around Rs 50,000 crore. Notable funds under his management included Kotak Small Cap Fund, Kotak Emerging Equity Fund, and Kotak Equity Hybrid Fund. The Kotak Small Cap Fund, since its inception, has delivered returns of 20.07 percent, Kotak Emerging Equity Fund has yielded 20.05 percent, and Kotak Equity Hybrid Fund has produced returns of 13 percent.
A commerce graduate from St. Xavier’s College in Kolkata, Tibrewal furthered his education with a master’s in finance from Manchester University.
Kotak Mutual Fund has recently made significant changes to four funds previously managed by Tibrewal, such as Kotak Equity Hybrid Fund, Kotak Small Cap Fund, and Kotak Business Cycle Fund. The fund house has appointed Harsha Upadhyay and Harish Bihani as co-fund managers for these funds. Harsha Upadhyaya, serving as president and chief investment officer for equity, and Harish Bihani, a senior fund manager, will collectively contribute to the management of these funds.
As Pankaj Tibrewal embarks on a new chapter with his entrepreneurial venture, Kotak Mutual Fund adapts to these changes by introducing experienced co-fund managers to continue the effective management of the affected funds.
