Tata Mutual Fund Manager for two schemes such as Tata Ethical Fund and Tata Offshore India Shariah Scheme has been changed, the fund house announced the news in an addendum. Accordingly, Rupesh Patel will manage both the schemes from September 07, 2018, replacing Pradeep Gokhale.
Patel comes with over 17 years of experience in private equity real estate investments, listed equity investments, evaluation of infrastructure projects, and credit risk assessment.
Patel joined Tata Asset Management Company in May 2008 and worked in equity research assignments and as head of Portfolio Management Services vertical. Currently, he is the fund manager at the Tata AMC managing the equity portfolio.
Before joining Tata Mutual Fund, he worked in the investments team of Indiareit Fund Advisors Private Limited. He also held directorships to represent Indiareit Fund Advisors on the boards of investee companies. He also worked as a corporate sector rating group head at CARE (Credit Analysis & Research Limited).
The Tata Mutual Fund Manager Patel has completed his graduation in Engineering from Sardar Patel University, Gujarat. He holds a Master’s degree in Business Administration from the same University.
Tata Ethical Fund invests in a diversified equity portfolio based on the principles of Shariah. The investment objective of the open-ended equity fund scheme is to provide medium to long-term capital gains by investing in Shariah-compliant equity and equity-related securities of growth-oriented and well-researched value companies, based on information available in the official website of the Tata MF.
Gokhale stopped to be the fund manager of the Tata Mutual Fund schemes from September 07, 2018, as mentioned in the addendum. Before Gokhale, Bhupinder Sethi has been managing the Tata Offshore India Sharia Scheme from February 09, 2011, according to IIFL.
Tata Mutual Fund Manager Patel has taken the fund management responsibility of both Tata Ethical Fund and Tata Offshore India Shariah Scheme from the date specified in the addendum, according to Money Control. All other features of the two Schemes will remain unaltered.[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]