Latest news with #LakshmiIyer
Time of India
10-06-2025
- Business
- Time of India
Bajaj Finserv announces appointment of Lakshmi Iyer as Group President
Bajaj Finserv has announced the appointment of Lakshmi Iyer as Group President - Investments which will be effective from August 1, 2025. Bajaj Finserv said in an exchange filing that, 'We are pleased to inform you of the appointment of Ms. Lakshmi Iyer as Group President – Investments, effective 1 August 2025.' The filing mentioned that it was a disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 ('the 'SEBI Listing Regulations, 2015') – Change in Senior Management Personnel. Also Read | Nifty Bank hits 57,000. Is it time for mutual fund investors to bet on banking funds? Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » According to the filing, Lakshmi brings nearly 27 years of expertise in financial services across wealth advisory, strategy and product solutions spanning fixed income , real estate and alternates. 'With strong capabilities in deal execution and fund management, Lakshmi has led high performance teams in the investment space. Lakshmi holds an MBA degree in finance from Narsee Monjee Institute of Management Studies and has been recognized by Asian Investor publication as one of Asia's 25 most influential women in asset management ,' Bajaj Finserv said in the exchange filing. Live Events Lakshmi Iyer, a veteran fund manager at India's Kotak Mahindra Group, has quit after over twenty years at the firm. Iyer was chief executive officer of investments and strategy at Kotak Alternate Asset Managers Ltd, as reported by Bloomberg. At Kotak Mahindra Asset Management Company (KMAMC), Lakshmi Iyer served as Chief Investment Officer – Fixed Income and Head of Products. She was responsible for credit research, deal execution, and overseeing the performance of all debt funds. In addition, she supported sales through client engagement, acted as a portfolio specialist, and led various product initiatives, including pricing and coordination between fund management and sales teams. Before joining Kotak, Ms. Lakshmi Iyer was a research analyst at Credence Analytics Pvt. Ltd., where she tracked India's corporate bond markets and authored research reports. She also collaborated with software developers and technical teams in building financial software tools. Ms. Iyer holds an MBA in Finance from Narsee Monjee Institute of Management Studies. She has been recognised among the Top 25 Most Influential Women in Asset Management in Asia by Asian Investor. Also Read | JioBlackRock Mutual Fund launches website, unveils leadership team and early access initiative Kotak Alternate manages about $20 billion, with over $6 billion spread across 14 private credit funds. Overseas investors, including family offices and wealthy individuals, account for the bulk of the assets. Bajaj Finserv, led by Sanjiv Bajaj, is a financial conglomerate focused largely on retail credit, including consumer loans. It has also ventured into the asset management space through its subsidiary, Bajaj Finserv Asset Management Ltd — one of the newer entrants in the mutual fund industry. In April, Rajeev Jain, CEO of Bajaj Finance, was appointed as an additional director on the board of Bajaj Finserv. He also serves as the vice chairman of Bajaj Finance Ltd.
Time of India
10-06-2025
- Business
- Time of India
Bajaj Finserv appoints Kotak's veteran fund manager Lakshmi Iyer as President of Investments
Bajaj Finserv Ltd has appointed of Lakshmi Iyer as Group President of Investments, effective August 1, 2025, the company announced in a stock exchange filing on Tuesday. She was a veteran fund manager at Kotak Mahindra Bank for nearly two decades, serving as a CEO of Investments and Strategy. Iyer brings to the table 27 years of experience in financial services across numerous sectors - wealth advisory, strategy and product solutions spanning fixed income, real estate, and alternates. She holds an MBA degree in finance from Narsee Monjee Institute of Management Studies . She has also been recognized by Asian Investor publication as one of Asia's 25 most influential women in asset management. Live Events The position is currently held by Purav Jhaveri who is the current President of Investments at Bajaj Finserv Ltd., who has been serving the organization since 2020. Jhaveri was previously working with Franklin Templeton Investments , USA as MD of investment strategy and portfolio management. He is an industry veteran since 1994. He is also a member of CII National Committee on Financial Markets . Shares of Bajaj Finserv Ltd. were trading at 1996.35, down by 1.02% at BSE.
Business Upturn
10-06-2025
- Business
- Business Upturn
Bajaj Finserv appoints Lakshmi Iyer as Group President – Investments, effective August 1
By Aditya Bhagchandani Published on June 10, 2025, 09:41 IST Bajaj Finserv Limited has announced the appointment of Lakshmi Iyer as Group President – Investments, effective August 1, 2025. The development was disclosed in an official filing to the BSE and NSE dated June 10 under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements. Lakshmi Iyer brings with her 27 years of experience in the financial services industry, having worked extensively in wealth advisory, strategy, and product solutions across fixed income, real estate, and alternative assets. Known for her expertise in deal execution and fund management, she has led high-performance teams in the investment space. She holds an MBA in Finance from Narsee Monjee Institute of Management Studies and was recognized by Asian Investor as one of Asia's 25 most influential women in asset management. This strategic appointment reflects Bajaj Finserv's continued focus on strengthening its leadership as it scales up operations across its financial services verticals. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Bloomberg
09-06-2025
- Business
- Bloomberg
Veteran Kotak Fund Manager Lakshmi Iyer Set to Join Bajaj Group
Lakshmi Iyer, a veteran fund manager at India's Kotak Mahindra Group, has quit after over twenty years at the firm, people familiar with the matter said. Iyer was chief executive officer of investments and strategy at Kotak Alternate Asset Managers Ltd. She will be joining Bajaj Finserv Ltd., the people said.
Economic Times
28-05-2025
- Business
- Economic Times
India VIX surge due to global issues, still within normal range: Ajay Bagga
Tired of too many ads? Remove Ads Also Read: Lakshmi Iyer sees market volatility as new normal amid complex US and global debt issues Tired of too many ads? Remove Ads , Market Expert, says India's VIX has risen to 18, influenced by global uncertainties , but remains within a normal range of 10 to 19. Historically, the VIX surged much higher during crises like Covid-19 and the Global Financial Crisis. While not indicating a specific market direction, it serves as a fear gauge, typically increasing with market anxieties, with levels above 20 warranting is mostly global factors. If you look at India VIX at about 18, what that really means on an annualised basis over the next 30 days, you could get an 18% movement. It is showing the standard deviation, the square root of the variance. There are formulas for calculating. It shows the forward-looking volatility can be expected in the market. So, it is more the global issues and we do not have to worry as at 18 level, we are within the range. It is not something very highOn March 24, 2020, with Covid uncertainties and selloff in the market, the India VIX was at 86. At the height of the Global Financial Crisis in 2008, it was at 85. On the day of the Ukraine war starting, February 2022, it was at 37. So, 18 is just showing you yes, it has heightened. With respect to a normal range, we see anything from 10 to 19 as normal. Above 20, there's a little bit of concern and in the 30s you say volatility has become very high and expect very volatile returns and we could see sharp drawdowns and sharp 18 is not giving a directional move. Practically we have seen that this number mostly goes up when there is too much fear in the market. We take it more as a fear gauge, it is not a happiness gauge ever. So, theoretically it does not give a direction to the not at all. I would see this market as a very strong buy-on=dips market. Mutual funds are sitting with a huge cash pile. Any dips are getting bought into. The retail investors have a very high level of confidence. FPI flows have been very volatile. L last week, one day, it was minus 500, and then we saw a plus 1000, and then a minus 10,000; next day we saw plus 2000, again the next day minus 5,000. So, there is a lot of volatility in the FPI flows and these kinds of outflows are generating this basically, what it is showing is that the market anticipates that the journey will not be very smooth. But the second very big part of what the market has really shown us is that there are dip buyers who come in whenever the market reaches X levels and slowly the range of the market has been moving up. So, we look out for higher lows and higher highs and slowly the markets an 8-month basis, we are still about 5% away from September 24 high. It is not that we have given very great returns or markets have really run off, but they have had a chance to consolidate and normally, a down market lasts about 12 months in India on an average. It could be longer as we saw on a dotcom bubble or something or even GFC did not last more than about 14 months. So, we are getting near that. It is a well-known, well transmitted number which market players understand and now as the global risk off reduces, we could see a surge back in India, but all depends on the Trump policy, the fallout from that is the Japanese bond yields.
