With effect from 1 July 2010
Birla Sun Life Mutual Fund has announced that the designation of Mr.
Mahesh Patil and Mr. Ajay Argal has been changed. The changes are
effective from 1 July 2010.
Mr. Mahesh Patil is now, Head Equity - Domestic Assets, Birla Sun Life
Asset Management Company (was formerly Co- Head Equity, BSLAMC).
Mr. Ajay Argal is now, Head Equity – Offshore, Birla Sun Life Asset
Management Company (was formerly Co- Head Equity, BSLAMC).
Mr. Ajay Argal joined BSLAMC in December 2005. He manages both domestic
and offshore funds for BSLAMC. Offshore funds managed by him are Excel
India Fund and India Advantage Fund, which has received 4 star rating by
Morning star. Domestic funds managed by him include BSL Top 100 Fund,
BSL Long Term Advantage Fund and BSL Pure Value Fund.
He has over 17 years of experience. Prior to joining BSLAMC, he was with
UTI AMC for more than 12 years. At UTI, Mr. Argal had a variety of
experience including managing Offshore Funds, managing Domestic Equity
Fund, managing Balanced Funds, Equity Research and Equity Dealing.
At UTI AMC, Mr. Argal was managing the Offshore Funds since 2001. This
included the India Fund, a diversified fund investing across sectors,
India IT Fund, India Pharma Fund and India Infrastructure Fund. Mr.
Argal turned around the performance of India Fund during the period of
hjs management. India IT Fund had done consistently well during the
period of his management. The India IT Fund was ranked as the top
performing among all technology funds worldwide in 2004 by S & P.
India Pharma Fund was launched on the back of the good, consistent
performance of India IT Fund in March 2005.
A B.Tech graduate from IIT Mumbai and a post graduate in Management
from IIM Bangalore, he was placed among the top decile in IIM.
Mahesh Patil joined Birla Sun Life Asset Management Company in October
2005 and has since been managing most of the funds acquired from
Alliance, post the later's acquisition by Birla Sun Life AMC in Sept,
2005. He has also successfully handled two NFOs launched by the fund
house in the last three years.
Mahesh has over 20 years of work experience spanning consultancy,
corporate and equities. He was primarily in equity research for more
than six years with stints in Motilal Oswal Securities and Parag Parikh
Financial Advisory services, both amongst the leading domestic brokerage
houses. Starting his career as a computer engineer with CMC Ltd he
followed with a brief stint at Tata Economic Consultancy Services. His
last assignment was at Reliance Infocomm in Business Strategy/Corporate
Finance where he has seen the company make its commercial launch to
become one of India's leading telecom companies.
Mahesh is an Engineer and an MBA. He also holds the CFA charter from
ICFAI, Hyderabad.
