Fund Manager – Category III AIF

HN Safal; Mumbai; On-site; INR 4,000,000 - 8,000,000; Full time

Job summary

HN Safal is seeking an experienced Fund Manager to lead investment strategy, portfolio construction and decision-making for a Category III AIF focused on listed equity securities. The role demands deep expertise in equity research, portfolio management, capital allocation, risk management and institutional investment processes.

You will formulate and implement investment strategy, build and manage the fund portfolio, perform sector analysis, stock selection, and monitor performance and risks.

Qualifications

• Proven experience in AIFs, PMS, or institutional equity investments.
• Strong ability to build investment theses and valuation models.
• Experience with listed equity shares and equity-related instruments.
• Familiar with SEBI AIF Regulations and market conduct rules.

Responsibilities

• Formulate and implement the investment strategy for the Category III AIF.
• Construct and manage the fund portfolio per objectives and risk framework.
• Identify and execute opportunities in listed equity and related instruments.
• Conduct fundamental research on companies, sectors, macro trends.
• Review performance, risks, and compliance with policies.

Skills

Equity research

Portfolio management

Risk management

Investment analysis

Capital allocation

Regulatory compliance

Stakeholder communication

Education

CFA/CA/MBA Finance or FRM/CAIA

Job description

We are looking for an experienced Fund Manager to lead investment strategy, portfolio construction and investment decision-making for a Category III Alternative Investment Fund (AIF) with a primary focus on listed equity securities.

This is a key investment management role for a professional with strong expertise in equity research, portfolio management, capital allocation, risk management and institutional investment processes, with the ability to make disciplined investment decisions across market cycles.

Key Responsibilities

• Formulate and implement the investment strategy of the Category III AIF, with a primary focus on listed equity securities.
• Construct and manage the Fund portfolio in accordance with the investment objective, risk-return framework, asset allocation parameters and regulatory requirements.
• Identify, analyse and execute investment opportunities in listed equity shares, equity-related instruments and other permitted securities.
• Undertake sector allocation, stock selection, portfolio rebalancing and exit decisions based on fundamentals, valuation, liquidity, market conditions and risk.
• Conduct detailed fundamental research on listed companies, sectors, macroeconomic trends, market cycles and regulatory developments.
• Evaluate financial statements, earnings performance, management quality, business models, competitive positioning, corporate governance and valuation.
• Prepare and review valuation models, financial projections, investment notes, risk assessments and investment memoranda.
• Monitor portfolio companies, including quarterly results, corporate actions, regulatory filings and material capital market developments.
• Take investment, divestment and portfolio rebalancing decisions within the applicable delegated authority and investment framework.
• Coordinate with brokers, custodians, dealers, operations and compliance teams for trade execution and settlement.
• Monitor portfolio risks including market, concentration, liquidity, volatility, sector exposure, drawdown and counterparty risks.
• Review stress testing, scenario analysis and risk reports and recommend appropriate risk mitigation measures.
• Review portfolio performance against relevant benchmarks, internal targets and risk-adjusted return parameters.
• Prepare investment performance reviews and presentations for the Investment Committee and Board.
• Provide inputs for investor reporting, portfolio commentary, factsheets and regulatory / Trustee reporting.
• Ensure investment activities comply with SEBI regulations, fund documents, investment policies and applicable securities laws.
• Identify and manage actual or potential conflicts of interest and maintain high standards of fiduciary responsibility and professional conduct.
• Supervise and mentor investment analysts, research team members, dealers and investment support personnel.
• Review research outputs, investment notes, valuation workings and portfolio monitoring reports prepared by the investment team.

What We’re Looking For

• Professional qualification in Finance, Accountancy, Business Management, Commerce, Economics, Capital Markets or Banking, or equivalent relevant qualification.
• CFA / CA / MBA Finance / FRM / CAIA or equivalent professional qualification relevant to investment management, capital markets or portfolio management will be preferred.
• Relevant experience in AIFs, portfolio management, asset management, PMS, mutual funds, hedge funds, proprietary investment management, institutional equity investment or similar investment management roles.
• Demonstrated experience managing or materially contributing to investment portfolios involving listed equity securities.
• Strong experience in equity research, portfolio construction, investment decision-making, risk management and performance analysis.
• Experience with listed equity shares, equity-related instruments, derivatives, long-short strategies, sector rotation, factor-based strategies or other capital market strategies relevant to Category III AIFs.
• Working knowledge of SEBI AIF Regulations, capital market regulations, insider trading regulations, market conduct requirements and investment compliance processes.
• Prior experience as a Fund Manager, Portfolio Manager, Senior Investment Professional or equivalent in a Category III AIF, PMS, hedge fund, equity fund, institutional investment platform or proprietary investment desk will be preferred.
• Experience managing concentrated or diversified listed equity portfolios will be an advantage.
• Strong track record in equity investment analysis and portfolio performance across market cycles will be preferred.

Preferred Certification

NISM Series-XIX-E – Category III Alternative Investment Fund Managers Certification Examination will be preferred.

Compensation

Compensation will be determined based on experience, qualifications, current compensation and prevailing market standards.