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Aditya Birla Sun Life AMC Limited

Aditya Birla Sun Life AMC Limited

    • Mahesh Patil Chief Investment Officer

    Leadership Team

    KMB

    Mr. Mahesh Patil is the Chief Investment Officer (CIO) of Aditya Birla Sun Life AMC Limited. As the CIO Mahesh oversees 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 the flagship fund Aditya Birla Sun Life Frontline Equity fund.


    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. 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 VJTI, Bombay and an MBA from JBIMS 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 implementation of an integrated investment management system across front office, mid office and back office
    5
    Ensure Investment policies are aligned to the investment objectives as documented in the Scheme Information Document (“SID”)
    6
    Formulate, review and implement a framework for –

    • Updation / modification in the equity or debt investment universe
    • Updation in internal investment limits;
    • Provide relevant information to CRO regarding the risk reports
    • Quantitative risk analysis
    • Review portfolio concentration and take necessary actions to make adjustments to the portfolios
    • Monitoring risk appetite within the potential risk class of the respective schemes
    • Assessment of the governance risk of the issuer
    • Assessing and monitoring risks of investing in multiple markets
    • Maintenance of all relevant documents and disclosures with regard to the debt and money market instruments before finalizing the deal
    7
    Ensuring that schemes are managed in line with regulatory requirements
    8
    Ensure adherence to the “Stewardship Code” and other regulatory updates prescribed by SEBI for mutual funds
    9
    Calculate overall risk by taking in to account the weighted average of –

    • The risk-o-meter and
    • The events of defaults
    10
    Ensure periodic reviews and monitoring the following –

    • Activities performed by fund managers with respect to risk identification, risk management, reporting and corrective actions
    • Review and approve the changes to the risk appetite within the potential risk class of the respective schemes
    • Exceptions / breaches to the Investment limits and identify and implement corrective actions
    • Investment risk of new products
    • Implementation of controls around dealing room such as –

      - non usage of mobile phones
      - usage of dedicated recorded lines
      - restricted internet access
      - handling of information
    • Ensure adequate due diligence is conducted and documented during inter-scheme transfers
    11
    Monitor exceptions identified on review of the regular risk management activities
    12
    Ensure that Fund managers and Dealers comply with Code of Conduct as per Schedule V B of Mutual Fund Regulations
    13
    Report the key risks identified and corrective actions taken to the CEO and CRO
    14
    Define and set internal limits (as applicable) such as -
    • minimum number of stocks/securities,
    • cash (net of derivatives)
    • stocks/securities vis-a-vis benchmark and
    • Beta range
    15
    Define specific responsibilities of the Fund Managers
    16
    Ensure adherence to risk appetite framework - maintain risk level for schemes
    17
    Review adequacy of disclosures made to the investors regarding significant risks such as liquidity, counterparty and credit (quality of investments made mainly debt based on the credit rating), investment, and other risk areas across all schemes. Ensure disclosures made to clients are consistent with investments and holdings
    18
    Responsible for the governance (incl. reputation and conduct risk associated for the respective function)
    19
    Define specific responsibilities regarding risk management of key personnel reporting to CIO
    20
    Maintaining risk level as per the risk metric
    21
    Undertake immediate corrective action for non-compliance or major findings post approval from CEO as per DoP and shall report to CRO regarding the risk reports.
    22
    Perform adequate due diligence of outsourced vendors prior to onboarding
    23
    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
    • Report SLA breaches