Wednesday, June 10, 2009

Religare Mutual Fund Appoints Ashish Nigam - June 10, 2009

Ashish Nigam is appointed as the fund manager of Religare Liquid Fund (RLF) and Religare Ultra Short Term Fund (RUSTF) in place of Nitish Sikand. Accordingly, RLF and RUSTF will now be managed jointly by Nigam and Umesh Sharma.

Further, Nigam is also appointed as the fund manager of Religare Short Term Plan, Religare Active Income Fund, Religare Overnight Fund and Religare Gilt Fund, Accordingly, these schemes will now be managed jointly by Nigam and Sharma.

Ashish, age 37 years, is a science graduate and holds a MMS degree with specilalization in finance from Mumbai University. He has worked with DBS Cholamandalam asset management company as Head-Fixed Income (September 2004-March 2008).

His earlier assignments includes stints with institutions like development credit bank (April 2002-September 2004), Mashreq Bank (January 2001-April 2002), IDBI Principal Asset Management Company (August 1999-January 2001) and Parag Parikh Financial Advisory Services (June 1998-August 1999).

The above changes will be effective from 11 June 2009.

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