Fund Manager

Folks Motor (P.) Ltd.; New Delhi; On-site; INR 900,000 - 1,350,000; Full time

Job summary

Folks Motor (P.) Ltd. in Delhi NCR seeks an experienced Investment Manager to lead the AIF fund management for Folks Funds.

The role involves shaping investment strategies, performing due diligence, and coordinating with fund governance bodies across India and international jurisdictions. You will oversee portfolio monitoring, capital calls, and regulatory reporting, while ensuring adherence to SEBI AIF Category II rules and IFSCA requirements.

Qualifications

• Preferably 10–15 years of relevant investment-management experience.
• Deep understanding of SEBI AIF Category II regulations.
• Experience with investment committees and fiduciary governance.
• Strong financial modelling, valuation and underwriting skills.
• Ability to manage cross-border fund structures and offshore entities.

Responsibilities

• Lead investment-management activities as Investment Manager to Folks Funds.
• Develop strategies aligned with fund objectives and risk framework.
• Oversee origination, due diligence, analysis, valuation and execution.
• Coordinate capital calls, deployments and distributions.
• Ensure compliance with SEBI AIF regulations and IFSCA requirements.

Skills

Investment management

Regulatory compliance

Financial modelling

Due diligence

Portfolio management

Governance

Investor relations

SEBI AIF regulations

IFSCA regulations

Cross-border funding

Education

NISM certification

Job description

SEBI Alternative Investment Funds | IFSCA Fund Management Entity | Global Investment Platforms

Location: Delhi NCR / GIFT City, India, with international travel

Employment: Permanent, Full-Time

Function: Alternative Investments, Private Capital and Fund Management

Reporting to: Managing Director / Board of the Investment Manager, with accountability to relevant fund governance bodies

Compensation: Competitive fixed remuneration and performance-linked incentives, subject to fund documents, regulatory restrictions and Board approval.

Selection: Executive interview, investment-case assessment, regulatory eligibility review, professional references and background verification.

Application: Executive CV, transaction track record and a statement outlining regulated fund-management and investment-leadership experience.

Key Responsibilities1. Investment Management — SEBI Category II AIF

• Lead Folks Motor’s investment-management activities as Investment Manager to Folks Funds.
• Develop strategies consistent with the Fund’s PPM, investment objectives and approved risk framework.
• Lead origination, financial due diligence, investment analysis, valuation, negotiation and execution.
• Evaluate equity, debt, convertible securities and permitted structured-finance instruments.
• Establish underwriting standards, portfolio allocations and exit strategies.
• Prepare investment memoranda and present proposals to the Investment Committee.
• Oversee portfolio monitoring, company governance, performance reviews and value creation.
• Coordinate capital calls, deployment, distributions and realisations with fund operations.
• Ensure adherence to Category II AIF restrictions, concentration limits, investment conditions and scheme disclosures.

2. GIFT City FME — IFSCA

• Support the establishment, authorisation and operational development of the proposed IFSC-based Fund Management Entity.
• Establish investment, governance, compliance and operational frameworks within the FME’s permitted activities.
• Develop fund-management policies, approval procedures, risk limits and internal controls.
• Prepare fund structures, placement memoranda, mandates and operating procedures.
• Select and supervise administrators, custodians, auditors, counsel, valuation specialists and banking partners.
• Build the required IFSC-based investment and compliance teams.
• Coordinate filings, inspections, supervisory correspondence and regulatory reporting.

3. International Fund Management and Offshore Structures

• Develop cross-border fund structures with qualified jurisdictional counsel.
• Establish governance and delegation arrangements between the Indian Investment Manager, GIFT City FME and offshore entities.
• Coordinate with BVI administrators, registered agents, directors, counsel and locally authorised investment managers where required.
• Support feeder-master arrangements, co-investment vehicles and institutional partnerships.
• Establish investment and operational controls across jurisdictions.
• Maintain separation of investor assets, fund accounts, management entities and investment decision-making.
• Oversee investment restrictions, foreign-exchange compliance, tax coordination and reporting.
• Develop institutional relationships across the UK, Europe, the Middle East and other strategic markets.

4. Statutory and Regulatory Responsibilities

Build and oversee a regulatory operating model that clearly assigns all mandatory responsibilities.

SEBI Investment Manager Functions

• Ensure compliance with applicable AIF regulations, master circulars and amendments.
• Maintain required investment-team qualifications and certifications.
• Ensure accurate, timely regulatory and investor reporting.
• Oversee adherence to the PPM, contribution agreements and governance documents.
• Implement applicable due-diligence, valuation, custody and unit-dematerialisation requirements.
• Maintain transaction records, documentation and audit trails.
• Implement conflicts policies, related-party controls and investor-consent procedures.
• Coordinate compliance testing, inspections, audits and corrective actions.
• Oversee investor grievance redressal and regulatory disclosures.

IFSCA FME Functions

• Support or assume the Principal Officer function only if eligible and formally appointed.
• Oversee fund management, investment risk and operations.
• Ensure separate mandatory compliance functions are appropriately staffed.
• Maintain required IFSC premises, personnel, systems and capital resources.
• Oversee scheme filings, disclosures and investor communications.
• Ensure personnel meet applicable qualification and certification requirements.
• Maintain governance, business-continuity, cybersecurity and operational-risk procedures.
• Ensure adherence to applicable AML and financial-crime controls.

Financial Crime and Investor Protection

Working with designated compliance and AML officers, oversee:

• Investor KYC, beneficial-ownership verification and customer due diligence.
• AML/CFT controls, sanctions screening and enhanced due diligence.
• Suspicious-transaction monitoring, escalation and statutory reporting.
• Investor suitability, onboarding, subscription documentation and record retention.
• Controls against insider dealing, market abuse and misuse of material non-public information.

5. Investment Committee and Fiduciary Governance

• Develop investment approval processes and delegated-authority frameworks.
• Chair or participate in Investment Committees where appointed under governing documents.
• Document investment decisions, recusals and dissenting opinions.
• Maintain segregation of investment, compliance, valuation and custody functions.
• Ensure risk-adjusted decision-making and appropriate diversification.
• Establish stress-testing, liquidity, counterparty and concentration-risk frameworks.
• Subject Folks ecosystem related-party transactions to independent evaluation, required disclosures and approvals.
• Uphold fiduciary responsibility, integrity and investor protection.

6. Institutional Fundraising and Investor Relations

• Support fundraising strategies for existing and proposed vehicles.
• Build relationships with family offices, institutional allocators, fund-of-funds, sovereign wealth funds, pension investors, development finance institutions and strategic investors.
• Prepare presentations, investment track records and data-room materials.
• Coordinate investor due diligence and subscriptions with legal and compliance teams.
• Provide portfolio performance reports, capital account information and material risk disclosures.
• Structure permitted co-investment opportunities and strategic capital partnerships.
• Build investor confidence through transparent communication, disciplined execution and sound governance.

7. Portfolio Construction and Investment Sectors

Demonstrate competence across relevant alternative investment strategies, including:

• Private equity and growth capital.
• Private credit and structured finance.
• Energy transition and renewable energy.
• Clean mobility and EV supply chains.
• Advanced manufacturing and industrial infrastructure.
• Logistics, warehousing and productive real assets.
• Digital infrastructure, AI and data centres.
• Industrial decarbonisation and circular economy.
• Sustainability-linked investments and ESG strategies.
• Cross-border industrial and infrastructure partnerships.

8. Financial Management, Reporting and Operations

• Establish robust fund accounting, financial controls and investment reporting.
• Oversee NAV calculations, portfolio valuations and financial statements prepared by responsible teams and providers.
• Coordinate management fees, expenses, performance fees, carried interest and distribution waterfalls.
• Maintain cash-flow forecasts, commitment records and capital-call schedules.
• Oversee audits, investor statements, tax coordination and statutory reporting.
• Establish independent valuation reviews and reconciliation controls.
• Implement portfolio monitoring systems and management dashboards.
• Ensure continuity of records and reporting across managed schemes.

9. Leadership and Institutional Development

• Recruit, develop and supervise investment-management professionals.
• Build research, execution, portfolio-management, financial-analysis and fund-operations capabilities.
• Establish clear accountability and performance standards.
• Support appointments of qualified statutory officers and specialist providers.
• Develop succession plans and knowledge-management processes.
• Represent funds and authorised management entities before institutional investors, regulators and strategic counterparties.

Experience and Capabilities

Essential Requirements

• Preferably 10–15 years of relevant experience, including meaningful investment decision-making responsibility.
• Demonstrated transaction origination, underwriting, execution and investment-management experience.
• Understanding of SEBI AIF regulations and institutional fund-management requirements.
• Familiarity with IFSCA regulations and international fund structuring.
• Experience working with administrators, auditors, custodians, trustees and regulatory advisers.
• Strong financial modelling, portfolio-construction, valuation, liquidity and investment-risk capabilities.
• Practical Investment Committee and institutional governance experience.
• Ability to establish and operate disciplined investment processes.
• Excellent written, analytical and institutional communication skills.
• High standards of integrity, fiduciary judgement and regulatory conduct.

Statutory Eligibility

For the SEBI Category II AIF investment team, applicable NISM certification is preferred and may be necessary to meet the Investment Manager’s regulatory staffing requirements.

Appointment as IFSCA FME Principal Officer requires satisfaction of applicable qualification and experience requirements and being based in the IFSC.