Viraj Parekh
Fund Manager
Viraj Parekh serves as Fund Manager and brings with him a substantial experience in equity research, fundamental analysis and investment management, with a focus on evaluating businesses, industries and companies. As Fund Manager, he is responsible for portfolio construction and monitoring, investment research and analysis, security evaluation and investment decision-making. His responsibilities include assessing business quality, growth prospects, financial performance, management quality, competitive positioning and valuations, while ensuring that portfolios remain aligned with the investment objectives, strategy and applicable investment and risk parameters of the schemes.
Roles and Responsibilities for Risk Management
- Manage investment risk of managed scheme(s), i.e., market risk, liquidity risk, credit risk and other scheme specific risks within approved limits.
- Ensure adherence to Risk Management framework, SID, internal & Regulatory limits.
- Ensure adherence of applicable provisions of Mutual Funds Regulations including Code of Conduct per Schedule V B.
- Adhere to the risk appetite framework of the scheme managed by the Fund Manager.
- Suggest / provide inputs on changes required to risk appetite to CIO.
- Recommend reduction/ change in the risk level of the schemes within the Potential Risk Class (PRC) to the CIO.
- Report identified risk, risk related events and corrective actions plans to the CIO.
- Measure risks in accordance with the approved internal policy and risk metric.
- Periodic analysis of bulk trades and block deals of large values.
- Analysis of Broker Concentration.
- Analysis and evaluation of ratings received from multiple credit rating agencies for securities across portfolios and take necessary actions.
- Ensure disclosures made to clients are consistent with investments and holdings.
- Formulate, review and periodically provide inputs to update the RCSA for key risks and controls.
- Perform and report outcomes of periodic testing of the RCSA to CRO.
- Consult CRO before making any changes in the SOP to enable the RCSA and risk register process.
- Manage and monitor investments in schemes by conducting: quantitative risk analysis using metrics such as VaR, Sharpe Ratio, Treynor Ratio, Information Ratio, etc.; analysis of concentration limits (counterparty wise, group wise, industry or sector wise, geography wise).
- Perform due diligence at the time of buying securities through inter-scheme transfers.
- Ensure maintenance of all relevant documents and disclosures with regard to debt and money market instruments before finalizing the deal.
- Take corrective action for deviations, if required, as per the approved Delegation of Power (DoP).
Key Result Areas (KRAs) for Risk Management
- Adherence to the SEBI risk Management circular relating to investment activities
- Adherence with investment limits such as: single issuer limit; group issuer limits; sector limits; rating linked limits; liquidity limits; asset allocation limits as per SID; internal investment norms; stress testing; market capitalization limits; other internal/ regulatory limits
- Adherence to the investment risk tolerance levels for the schemes managed by the fund manager
- Timely implementation of remediation actions plan linked to respective fund manager
- Instances of fraud, near miss and loss events relating to schemes managed by the fund manager
- Timely reporting of risk incidents to CIO
- Adherence to DoP
- Adequate due diligence during inter-scheme transfer of securities
- Timely action upon downgrade of securities
- Adequate documentation for debt and money market deals