Nandik is a seasoned financial services professional with over two decades of experience, primarily in asset management. With an extensive background in managing large AUMs across risk-adjusted funds, he brings valuable expertise to the team. His career includes successfully launching the Long Short Fund at ICICI Prudential AMC. Most recently, he served as the CIO at Avendus Capital Public Markets Alternate Strategies LLP, according to a press release by the fund house.
“Nandik’s combination of strategic vision, practical experience, and market knowledge will be key in growing our equity and hybrid offerings in the SIFs space as and when Axis AMC receives approval for this product category. He is an expert in derivatives, and we are excited to have him on board. This appointment highlights our dedication to providing innovative solutions and maximizing value for our investors,” said B Gopkumar, MD & CEO, Axis AMC.
Nandik holds a BTech degree from IIT Kharagpur, a PGDM in Finance from IIM Calcutta, and a Master’s Degree in Finance from London Business School.
The market regulator SEBI has introduced the Specialised Investment Fund (SIF) framework to bridge the gap between mutual funds (MFs) and portfolio management services (PMS). This framework aims to provide sophisticated investors with more flexible investment opportunities while ensuring regulatory oversight. The new framework will take effect from April 1, 2025.
SIFs will offer multiple investment strategies across equity, debt, and hybrid asset classes. The minimum investment in SIFs is Rs 10 lakh per investor, which must be maintained across all investment strategies at the PAN level. This minimum investment requirement applies exclusively to SIF investments and does not include investments made by the investor in regular mutual fund schemes of the same AMC.
