Manish Gunwani quits Nippon India MF; Shailesh Raj Bhan is new CIO - equity

Manish Gunwani has quit Nippon India Mutual Fund after a stint of five years. Gunwani was the CIO-equity at Nippon and led a team of 28 plus investment professionals at Nippon India MF. Gunwani was managing many popular schemes like Nippon India Flexi Cap Fund, Nippon India Growth Fund and Nippon India Balanced Advantage Fund. The fund house has elevated Sailesh Raj Bhan as its new CIO –Equity.

Bhan will take charge as the new CIO from 1st January 2023. Bhan has been with the organization since 2004 and has been acting as Deputy CIO – Equity, since 2014. He comes with over 25 years of investment experience. He has been managing multiple flagship funds namely, Nippon India Large Cap, Nippon India Multi Cap & Nippon India Pharma Fund for over 15 years.

“We are happy to share the elevation of Sailesh Bhan as our new CIO – Equity. This is in line with our robust succession planning process and focus on grooming internal talent. Supported by our strong foundation of Research, Process, and Risk Management we are confident that Sailesh with his team will continue the journey of building wealth creation for the investors,” said Sundeep Sikka, ED & CEO, Nippon Life India Asset Management Limited.