Quant Mutual Fund Elects Ex-SBI Chairman Rajnish Kumar to Lead Board
Quant Mutual Fund has announced the appointment of Rajnish Kumar as the Chairman of the Board of Trustees for the AMC. Kumar, a former Chairman of the State Bank of India, brings over 40 years of exceptional experience in both Indian and global banking, as stated in the monthly release from the fund house.
Additionally, the fund house indicated that since his retirement from SBI, Rajnish has been advising prominent corporates and global institutions, establishing himself as a reliable authority in governance, risk management, and financial innovation.
The fund house, led by Sandeep Tandon, also revealed the appointment of Nishith Mehta as Chairman and Independent Director of the AMC Board. Mehta has over 15 years of experience as the Asia-Pacific Head of Compliance & Operational Risk and served as the Chief Compliance Officer for India at Bank of America Merrill Lynch.
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Before this, Mehta held senior leadership roles in compliance at Lehman Brothers, Kotak, and Edelweiss.
He recently joined Trilegal to create and oversee its innovative Risk & Compliance Practice, bringing with him a wealth of expertise and a strong reputation for regulatory integrity to Quant AMC.
The fund house further stated that together, Rajnish and Nishith represent a significant elevation and change in leadership — merging boardroom acumen, strategic insight, and regulatory oversight — thus strengthening Quant’s goal of delivering responsible innovation, including the introduction of India’s first Specialized Investment Fund (SIF).
The fund house plans to launch its inaugural offering under the SIF framework, the ‘QSIF Equity Long-Short Fund,’ in September. This fund aims to assist investors in wealth creation through a variety of alternative strategies, utilizing derivatives from the long-short investment sector.
The QSIF Equity Long-Short Fund provides several advantages, including the ability to seize opportunities on both the upside and downside, reducing overall market risk exposure, and employing hedging mechanisms to safeguard against abrupt downturns.
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The fund house intends to introduce a total of seven new funds under the SIF framework. In addition to the QSIF Equity Long-Short Fund, the remaining six include the QSIF Equity Ex - Top 100 Long Short Fund, QSIF Sector Rotation Long Short Fund, QSIF Hybrid Long Short Fund, QSIF Active Asset Allocator Long-Short Fund, QSIF Debt Long Short Fund, and QSIF Sectoral Debt Long Short Fund.