Jain has been managing the flagship ASK Indian Entrepreneur Portfolio, one of India’s oldest PMS schemes for over a decade.
MUMBAI: ASK Investment Managers Limited (“ASK”), one of India’s largest asset and wealth management companies, announced that it has elevated Mr. Sumit Jain as its Deputy Chief Investment Officer. He will be based in Mumbai.
Sumit has been managing ASK’s flagship PMS, ASK Indian Entrepreneur Portfolio (ASK IEP) successfully for more than a decade. The fund has delivered a CAGR of 18.1% since its inception to investors. He will shoulder the responsibilities of investment management, including mentoring the investment team.
Speaking on the appointment, Sunil Rohokale, Managing Director & CEO, ASK Group said, “We are building capabilities across products, platforms, geographic reach, and most importantly Talent. Sumit has been a great asset to the ASK team and we’re sure this elevation will enable him to deliver a positive impact to our clients and employees.”
Prateek Agrawal, Business Head & CIO, ASK Investment Managers said, “Sumit’s deep understanding of the Indian equity markets, research-driven approach, and identifying new investment opportunities have been a valuable asset to the organization and to our investors. He’s grown our portfolios from strength to strength and we are confident about his ability to drive our future strategy and to deliver our long-term goals.”
Sumit Jain said, “I’m excited and grateful for this important milestone. Building ASK IEP into a market leader and our flagship strategy has been a great learning experience and I look forward to delivering the same impact in my new role towards the ASK 2.0 journey.”
Sumit has over 17 years of experience in Indian equity markets and has been instrumental in building the proprietary valuation models at ASK. In the past, Sumit has worked with ICICI Prudential Life Insurance and First Global Securities. He is a Post Graduate of Management from Mumbai University.