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Aditya Birla Sun Life AMC Limited

Aditya Birla Sun Life AMC Limited

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    Aditya Birla Sun Life AMC Limited

    Mahesh Patil Chief Investment Officer

    Investment Team

    Mr. Mahesh Patil is the Chief Investment Officer (CIO) of Aditya Birla Sun Life AMC Limited. As the CIO Mahesh oversees over INR 3 lakh crore of assets under management. With over thirty years of rich experience in fund and investment management, Mahesh leads the entire investment team, comprising fund managers and analysts. He personally manages funds such as Aditya Birla Sun Life Frontline Equity, Aditya Birla Sun Life Multi-Cap Fund, and Aditya Birla Sun Life Focused Equity.


    Mahesh has been with Aditya Birla Sun Life AMC since October 2005. Mahesh was awarded the India CIO of the Year, Equity by Asia Asset Management in 2016 and 2018. He has been awarded Chairman’s Individual Award by The Aditya Birla group for being an Accomplished Leader in 2015.


    He has previously worked at CMC Limited, Tata Economic Consultancy Services, Parag Parikh Financial Advisory Services Limited, Motilal Oswal Securities Limited and at Reliance Infocom Limited.


    He holds a Bachelor’s Degree in Engineering from the University of Bombay and a Master’s degree in Management Studies from University of Bombay. He has also qualified the Chartered Financial Analysts examination from the Institute of Chartered Financial Analysts of India (ICFAI), Hyderabad.

    Roles & Responsibilities with respect to Risk Management Roles & Responsibilities with respect to Risk Management

    SN

    Particulars

    1

    Ensure adherence to the guidelines pertinent to SEBI in respect of RMF and relevant principles thereunder including risk identification, risk management, risk reporting (both periodic and escalation of material incident) and corrective actions taken, if any.

    2

    Ensure daily management of risk and necessary reporting relating to Investment risk of all scheme(s) such as market Risk, liquidity Risk, credit risk etc. and other scheme specific risks.

     

    3

    Review and provide recommendations for changes to the Investment and other policies related to Investments function

    4

    Ensure investment policies are aligned to the investment objectives as documented in the Scheme Information Document (“SID”)

    5

    Formulate, review and implement a framework for -

    o   Updation / modification in the equity or debt investment universe

    o   Updation in internal investment limits;

     

    o   Provide relevant information to CRO regarding the risk reports

    o   Quantitative risk analysis

    o   Review portfolio concentration and take necessary actions to make adjustments to the portfolios

    o   Monitoring risk appetite within the potential risk class of the respective schemes

    o   Assessment of the governance risk of the issuer

    o   Assessing and monitoring risks of investing in multiple markets

    o   Maintenance of all relevant documents and disclosures with regard to the debt and money market instruments before finalizing the deal

    6

    Ensuring that schemes are managed in line with regulatory requirements

    7

    Ensure adherence to the “Stewardship Code” and other regulatory updates prescribed by SEBI for mutual funds

    8

    Calculate overall risk by taking in to account the weighted average of -

    o   The risk-o-meter and

     

    o   The events of defaults.

    are to be calculated in terms of a number taking into account the risk- o-meter and events of defaults or early mortality of investments which may inter alia include credit default, change in yield, change in NAV, external shock or unusual redemptions, etc. to quantify the overall risk.

    9

    Ensure periodic reviews and monitoring the following –

     

    o   Activities performed by fund managers with respect to risks identification, risk management, reporting and corrective actions.

    o   Review and approve the changes to the risk appetite within the potential risk class of the respective schemes

    o   Exceptions / breaches to the Investment limits and identify and implement corrective actions.

    o   Implementation of controls around dealing room such as –

     

    -  non usage of mobile phones

    -  dedicated recorded lines

    -  restricted internet access

    -  handling of information 

    o   Ensure adequate due diligence are conducted and documented during inter-scheme transfers

    10

    Monitor exceptions identified on review of the regular risk management activities

    11

    Ensure that fund managers and dealers comply with Code of Conduct as per Schedule V B of Mutual Fund Regulations.

    12

    Report the key risk identified and corrective actions taken to the CEO and CRO.

    13

    Define the responsibilities of the Fund Managers.

    14

    Ensure adherence to risk appetite framework - maintain risk level for schemes

    15

    Responsible for the governance (incl. reputation and conduct risk associated for the respective function)

    16

    Define specific responsibilities regarding risk management of key personnel reporting to CIO

    17

    Maintaining risk level as per the risk metric

    18

    Undertake immediate corrective action for non-compliance or major finding post approval from CEO as per DoP and shall report to CRO regarding the risk reports.

    19

    Perform adequate due diligence of outsourced vendors prior to onboarding

    20

    Ensure periodic assessment of outsourced vendors considering following elements:

    • • Review of vendors' people, systems and processes

    • • Documentation and communication of error tolerance and code of conduct and monitoring breaches

    • • Monitor fraud vulnerabilities in the outsourced process