Viraj Parekh
Fund Manager
Prior to this, Viraj was a Research Analyst at Carnelian Asset Management & Advisors Private Limited from 1st February 2021 to 28th February 2026 where he was a part of the equity research team and undertook detailed fundamental analysis of investee companies, evaluated business models, competitive positioning etc
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