Earlier this year, in a candid talk with Business Standard, Reliance Mutual Fund’s chief executive officer, Sundeep Sikka, had said while giving impetus to technology, it was equally important to draw in fresh blood with new ideas.
So, Amit Tripathy, who, at the age of 28, became one of the youngest debt fund managers at the fund house nine years ago, has now been elevated as the head of fixed income at the company. He replaces Amitabh Mohanty, who will now be the head of debt strategies.
Tripathy, a commerce graduate from Odisha’s Utkal University and a post-graduate in management from the Delhi-based Fore School of Management, has 14 years of experience in financial services. Before joining Reliance Capital Asset Management, he worked as an administrative officer at New India Assurance from 1999 to 2003. He also had stints with Sun Invest Associates as an analyst for equity market operations and CFS Financial Services as an equity dealer.
Despite being from an equity background, he has made a mark in the debt category and bagged the Lipper Mutual Fund award as winner in the three-year mixed asset category.
At Reliance Mutual Fund, he manages the Reliance Medium Term Fund, Reliance Liquid, Reliance MIP and Reliance RSF Balanced funds, among others. The overall corpus under him was Rs 25,000 crore as on September 30, 2012. Most of these schemes have earned three stars or more in the CRISIL Ranking.