Our Stewards of Capital

Mr. A. Balasubramanian is the Managing Director & CEO of the Company. A stalwart of the mutual fund industry, he brings with him over three decades of rich experience. He has been associated with the organisation since 1994. Prior to assuming the role of CEO in 2009, Mr. Balasubramanian served as the Chief Investment Officer from 2006 to 2009. As Managing Director & CEO, Mr. Balasubramanian oversees Assets over ₹4 lakh crores including Alternate Business of the Company. Before joining the Company in the year 1994, he worked with GIC Mutual Fund, Can Bank Financial Services and Pandit & Co. between 1989 and 1994. Mr. Balasubramanian is closely associated with key industry bodies. He has been on the Board of Association of Mutual Funds in India (AMFI) since 2009 and was the Vice Chairman of AMFI in 2015-2016. He has served as the Chairman of AMFI for two terms, from 2016-2018, and was reappointed for the period 2021 – 2023. He has been the Governor on Board of Governors at the National Institute of Securities Markets (NISM), an institute affiliated with SEBI from 2018 to 2024. Mr. Balasubramanian is the Chairman of the AMFI Equity CIOs’ Committee and a Member of the Fund Management Advisory Committee of the International Financial Services Centres Authority (IFSCA). He is also a Director on the Board of Bombay Chamber of Commerce & Industry, Aditya Birla Sun Life Pension Fund Management Limited, AMFI, Institute for Mutual Fund Intermediaries (IMFI) and Aditya Birla Sun Life AMC International (IFSC) Limited. Mr. Balasubramanian was awarded CEO of the Year title by Asia Asset Management in 2018 and 2020. He has been awarded the Chairman’s Individual Award by the Aditya Birla Group for being an Outstanding Leader in 2015 and for being a Leader of Leaders in 2018. Mr. Balasubramanian is involved with philanthropic work through various charitable organisations. He is one of the active Members at the Sathya Sai Sanjeevani Centre for Child Heart Care. He is also associated with the Sathya Sai University, Gulbarga that imparts knowledge on Human Excellence to students during their higher education. He also promotes Indian arts and village traditional culture. He has completed Advanced Management Programs from Indian Institute of Management (IIM), Bangalore and Harvard Business School. He also holds a Bachelor’s degree in Science (Mathematics) and a Master’s degree in Business Administration from the GlobalNxt University. <h2><strong>Roles & Responsibilities with respect to Risk Management</strong></h2> <ul class="ul-list"> <li>Responsible for all the risks at both AMC and Scheme level</li> <li>Responsible for the governance (incl. reputation and conduct risk associated for the respective function) as a whole.</li> <li>Define specific responsibility of CIO and CXO regarding risk management</li> <li>Ensure that outcomes of risk management function are reported on a monthly basis</li> <li>Approve roles and responsibility including KRA of all CXOs relating to risk management</li> <li>Define appropriate risk metric for respective CXO, CIO, fund manager, etc.</li> <li>Define and monitor risk appetite framework at AMC and scheme level</li> <li>Review risks events across different functions and approve corrective / recommended actions highlighted by the CIO and other CXOs</li> <li>Review identified fraud incidents, loss and near miss incidents along with corrective action plans</li> <li>Ensure adherence to the guidelines pertinent to SEBI in respect of RMF and relevant principles thereunder including risk identification, risk management, risk reporting (both periodic and escalation of material incident) and corrective actions taken, if any. </li> <li>Approve the corrective action on various findings and report to the board of AMC and trustee regarding the same and also escalate to board of AMCs and trustees, if required, any major findings being reported. </li> </ul> <style> .ul-list li { margin: 0 0 0 24px; text-align: left; display: list-item !important; line-height: 1.58; color: var(--color-black); LIST-STYLE-TYPE: decimal !important; } </style>

Mr. Harish Krishnan is the Chief Investment Officer - Equity of the Company. He has experience of around 21 years in the Asset Management Industry, both domestical and international. Prior to joining the Company as the Co-CIO and Head Equity, he was associated with Kotak Mutual Fund for more than 10 years as Senior Fund Manager - Equity. He has also worked at Kotak Mahindra (UK) Limited where he managed offshore funds based out of Singapore and Dubai. He holds a bachelor’s degree in engineering from the Government College, Trichur and has done his PGDBM from IIM Kozhikode. He is also a CFA from CFA Institute, USA. <h2><strong>Roles & Responsibilities with respect to Risk Management</strong></h2> <ul class="ul-list"> <li>Ensure adherence to the guidelines pertinent to SEBI in respect of RMF and relevant principles thereunder including risk identification, risk management, risk reporting (both periodic and escalation of material incident) and corrective actions taken, if any. </li> <li>Ensure daily management of risk and necessary reporting relating to Investment risk of all scheme(s) such as market risk, liquidity risk, credit risk etc. and other scheme specific risks </li> <li>Review and provide recommendations for changes to the Investment and other policies related to Investments function. </li> <li>Ensure implementation of an integrated investment management system across front office, mid office and back office </li> <li>Ensure Investment policies are aligned to the investment objectives as documented in the Scheme Information Document (“SID”)</li> <li>Formulate, review and implement a framework for – <ul class="ul-list"> <li> Updation / modification in the equity or debt investment universe</li> <li> Updation in internal investment limits;</li> <li> Provide relevant information to CRO regarding the risk reports</li> <li> Quantitative risk analysis</li> <li> Review portfolio concentration and take necessary actions to make adjustments to the portfolios</li> <li> Monitoring risk appetite within the potential risk class of the respective schemes</li> <li> Assessment of the governance risk of the issuer</li> <li> Assessing and monitoring risks of investing in multiple markets</li> <li> Maintenance of all relevant documents and disclosures with regard to the debt and money market instruments before finalizing the deal</li> </ul> </li> <li>Ensuring that schemes are managed in line with regulatory requirements </li> <li>Ensure adherence to the “Stewardship Code” and other regulatory updates prescribed by SEBI for mutual funds </li> <li>Calculate overall risk by taking in to account the weighted average of – <ul class="ul-list"> <li>The risk-o-meter and</li> <li> The events of defaults</li> </ul> </li> <li>Ensure periodic reviews and monitoring the following – <ul> <li> Activities performed by fund managers with respect to risk identification, risk management, reporting and corrective actions</li> <li> Review and approve the changes to the risk appetite within the potential risk class of the respective schemes</li> <li>Exceptions / breaches to the Investment limits and identify and implement corrective actions</li> <li>Investment risk of new products</li> <li>Implementation of controls around dealing room such as – <ul> <li>non usage of mobile phones</li> <li>usage of dedicated recorded lines</li> <li>restricted internet access</li> <li>handling of information</li> </ul> </li> <li>Ensure adequate due diligence is conducted and documented during inter-scheme transfers</li> </ul> </li> <li>Monitor exceptions identified on review of the regular risk management activities</li> <li>Ensure that Fund managers and Dealers comply with Code of Conduct as per Schedule V B of Mutual Fund Regulations</li> <li>Report the key risks identified and corrective actions taken to the CEO and CRO</li> <li>Define and set internal limits (as applicable) such as - <ul> <li>minimum number of stocks/securities, </li> <li>cash (net of derivatives), </li> <li>stocks/securities vis-a-vis benchmark and </li> <li>Beta range</li> </ul> </li> <li>Define specific responsibilities of the Fund Managers</li> <li>Ensure adherence to risk appetite framework - maintain risk level for schemes </li> <li>Review adequacy of disclosures made to the investors regarding significant risks such as liquidity, counterparty and credit (quality of investments made mainly debt based on the credit rating), investment, and other risk areas across all schemes. Ensure disclosures made to clients are consistent with investments and holdings </li> <li>Responsible for the governance (incl. reputation and conduct risk associated for the respective function)</li> <li>Define specific responsibilities regarding risk management of key personnel reporting to CIO</li> <li>Maintaining risk level as per the risk metric</li> <li>Undertake immediate corrective action for non-compliance or major findings post approval from CEO as per DoP and shall report to CRO regarding the risk reports.</li> <li>Perform adequate due diligence of outsourced vendors prior to onboarding</li> <li>Ensure periodic assessment of outsourced vendors considering following elements: <ul class="ul-list"> <li> Review of vendors' people, systems and processes</li> <li> Documentation and communication of error tolerance and code of conduct and monitoring breaches</li> <li> Monitor fraud vulnerabilities in the outsourced process</li> <li> Report SLA breaches</li> </ul> </li> </ul> <style> .ul-list li { margin: 0 0 0 24px; text-align: left; display: list-item !important; line-height: 1.58; color: var(--color-black); LIST-STYLE-TYPE: decimal !important; } </style>

Mr. Kaustubh Gupta is the Chief Investment Officer - Fixed Income of the Company. He has over 20 years of extensive investment experience having worked in various capacity of treasury finance, liquidity management and fund management. As Co - Head Fixed Income (Markets), he led the overall fixed income portfolio management of the Company. Prior to joining the Company in 2009, he worked with ICICI Bank for around 5 years in the Asset Liability Management team. He is a Chartered Accountant and CFA (Level 2) by qualification. <h2><strong>Roles & Responsibilities with respect to Risk Management</strong></h2> <ul class="ul-list"> <li>Ensure adherence to the guidelines pertinent to SEBI in respect of RMF and relevant principles thereunder including risk identification, risk management, risk reporting (both periodic and escalation of material incident) and corrective actions taken, if any. </li> <li>Ensure daily management of risk and necessary reporting relating to Investment risk of all scheme(s) such as market risk, liquidity risk, credit risk etc. and other scheme specific risks </li> <li>Review and provide recommendations for changes to the Investment and other policies related to Investments function. </li> <li>Ensure implementation of an integrated investment management system across front office, mid office and back office </li> <li>Ensure Investment policies are aligned to the investment objectives as documented in the Scheme Information Document (“SID”)</li> <li>Formulate, review and implement a framework for – <ul class="ul-list"> <li> Updation / modification in the equity or debt investment universe</li> <li> Updation in internal investment limits;</li> <li> Provide relevant information to CRO regarding the risk reports</li> <li> Quantitative risk analysis</li> <li> Review portfolio concentration and take necessary actions to make adjustments to the portfolios</li> <li> Monitoring risk appetite within the potential risk class of the respective schemes</li> <li> Assessment of the governance risk of the issuer</li> <li> Assessing and monitoring risks of investing in multiple markets</li> <li> Maintenance of all relevant documents and disclosures with regard to the debt and money market instruments before finalizing the deal</li> </ul> </li> <li>Ensuring that schemes are managed in line with regulatory requirements </li> <li>Ensure adherence to the “Stewardship Code” and other regulatory updates prescribed by SEBI for mutual funds </li> <li>Calculate overall risk by taking in to account the weighted average of – <ul class="ul-list"> <li>The risk-o-meter and</li> <li> The events of defaults</li> </ul> </li> <li>Ensure periodic reviews and monitoring the following – <ul> <li> Activities performed by fund managers with respect to risk identification, risk management, reporting and corrective actions</li> <li> Review and approve the changes to the risk appetite within the potential risk class of the respective schemes</li> <li>Exceptions / breaches to the Investment limits and identify and implement corrective actions</li> <li>Investment risk of new products</li> <li>Implementation of controls around dealing room such as – <ul> <li>non usage of mobile phones</li> <li>usage of dedicated recorded lines</li> <li>restricted internet access</li> <li>handling of information</li> </ul> </li> <li>Ensure adequate due diligence is conducted and documented during inter-scheme transfers</li> </ul> </li> <li>Monitor exceptions identified on review of the regular risk management activities</li> <li>Ensure that Fund managers and Dealers comply with Code of Conduct as per Schedule V B of Mutual Fund Regulations</li> <li>Report the key risks identified and corrective actions taken to the CEO and CRO</li> <li>Define and set internal limits (as applicable) such as - <ul> <li>minimum number of stocks/securities, </li> <li>cash (net of derivatives), </li> <li>stocks/securities vis-a-vis benchmark and </li> <li>Beta range</li> </ul> </li> <li>Define specific responsibilities of the Fund Managers</li> <li>Ensure adherence to risk appetite framework - maintain risk level for schemes </li> <li>Review adequacy of disclosures made to the investors regarding significant risks such as liquidity, counterparty and credit (quality of investments made mainly debt based on the credit rating), investment, and other risk areas across all schemes. Ensure disclosures made to clients are consistent with investments and holdings </li> <li>Responsible for the governance (incl. reputation and conduct risk associated for the respective function)</li> <li>Define specific responsibilities regarding risk management of key personnel reporting to CIO</li> <li>Maintaining risk level as per the risk metric</li> <li>Undertake immediate corrective action for non-compliance or major findings post approval from CEO as per DoP and shall report to CRO regarding the risk reports.</li> <li>Perform adequate due diligence of outsourced vendors prior to onboarding</li> <li>Ensure periodic assessment of outsourced vendors considering following elements: <ul class="ul-list"> <li> Review of vendors' people, systems and processes</li> <li> Documentation and communication of error tolerance and code of conduct and monitoring breaches</li> <li> Monitor fraud vulnerabilities in the outsourced process</li> <li> Report SLA breaches</li> </ul> </li> </ul> <style> .ul-list li { margin: 0 0 0 24px; text-align: left; display: list-item !important; line-height: 1.58; color: var(--color-black); LIST-STYLE-TYPE: decimal !important; } </style>

Ms. Sunaina da Cunha is the Co-CIO Debt of the Company. She has over 20 years of experience in fixed income fund management with an expertise in structuring bond solutions and credit transactions. As Co-Head Fixed Income (Credits), she led the overall credit portfolio of the Company. She has been part of the Aditya Birla Group since 2004 having started as a Group Management Trainee in Aditya Birla Management Corporation Private Limited. She is a CFA Charter Holder from the CFA Institute, Virginia, USA. She is also an MBA from the Faculty of Management Studies (FMS), University of Delhi. <h2><strong>Roles & Responsibilities with respect to Risk Management</strong></h2> <ul class="ul-list"> <li>Ensure adherence to the guidelines pertinent to SEBI in respect of RMF and relevant principles thereunder including risk identification, risk management, risk reporting (both periodic and escalation of material incident) and corrective actions taken, if any. </li> <li>Ensure daily management of risk and necessary reporting relating to Investment risk of all scheme(s) such as market risk, liquidity risk, credit risk etc. and other scheme specific risks </li> <li>Review and provide recommendations for changes to the Investment and other policies related to Investments function. </li> <li>Ensure implementation of an integrated investment management system across front office, mid office and back office </li> <li>Ensure Investment policies are aligned to the investment objectives as documented in the Scheme Information Document (“SID”)</li> <li>Formulate, review and implement a framework for – <ul class="ul-list"> <li> Updation / modification in the equity or debt investment universe</li> <li> Updation in internal investment limits;</li> <li> Provide relevant information to CRO regarding the risk reports</li> <li> Quantitative risk analysis</li> <li> Review portfolio concentration and take necessary actions to make adjustments to the portfolios</li> <li> Monitoring risk appetite within the potential risk class of the respective schemes</li> <li> Assessment of the governance risk of the issuer</li> <li> Assessing and monitoring risks of investing in multiple markets</li> <li> Maintenance of all relevant documents and disclosures with regard to the debt and money market instruments before finalizing the deal</li> </ul> </li> <li>Ensuring that schemes are managed in line with regulatory requirements </li> <li>Ensure adherence to the “Stewardship Code” and other regulatory updates prescribed by SEBI for mutual funds </li> <li>Calculate overall risk by taking in to account the weighted average of – <ul class="ul-list"> <li>The risk-o-meter and</li> <li> The events of defaults</li> </ul> </li> <li>Ensure periodic reviews and monitoring the following – <ul> <li> Activities performed by fund managers with respect to risk identification, risk management, reporting and corrective actions</li> <li> Review and approve the changes to the risk appetite within the potential risk class of the respective schemes</li> <li>Exceptions / breaches to the Investment limits and identify and implement corrective actions</li> <li>Investment risk of new products</li> <li>Implementation of controls around dealing room such as – <ul> <li>non usage of mobile phones</li> <li>usage of dedicated recorded lines</li> <li>restricted internet access</li> <li>handling of information</li> </ul> </li> <li>Ensure adequate due diligence is conducted and documented during inter-scheme transfers</li> </ul> </li> <li>Monitor exceptions identified on review of the regular risk management activities</li> <li>Ensure that Fund managers and Dealers comply with Code of Conduct as per Schedule V B of Mutual Fund Regulations</li> <li>Report the key risks identified and corrective actions taken to the CEO and CRO</li> <li>Define and set internal limits (as applicable) such as - <ul> <li>minimum number of stocks/securities, </li> <li>cash (net of derivatives), </li> <li>stocks/securities vis-a-vis benchmark and </li> <li>Beta range</li> </ul> </li> <li>Define specific responsibilities of the Fund Managers</li> <li>Ensure adherence to risk appetite framework - maintain risk level for schemes </li> <li>Review adequacy of disclosures made to the investors regarding significant risks such as liquidity, counterparty and credit (quality of investments made mainly debt based on the credit rating), investment, and other risk areas across all schemes. Ensure disclosures made to clients are consistent with investments and holdings </li> <li>Responsible for the governance (incl. reputation and conduct risk associated for the respective function)</li> <li>Define specific responsibilities regarding risk management of key personnel reporting to CIO</li> <li>Maintaining risk level as per the risk metric</li> <li>Undertake immediate corrective action for non-compliance or major findings post approval from CEO as per DoP and shall report to CRO regarding the risk reports.</li> <li>Perform adequate due diligence of outsourced vendors prior to onboarding</li> <li>Ensure periodic assessment of outsourced vendors considering following elements: <ul class="ul-list"> <li> Review of vendors' people, systems and processes</li> <li> Documentation and communication of error tolerance and code of conduct and monitoring breaches</li> <li> Monitor fraud vulnerabilities in the outsourced process</li> <li> Report SLA breaches</li> </ul> </li> </ul> <style> .ul-list li { margin: 0 0 0 24px; text-align: left; display: list-item !important; line-height: 1.58; color: var(--color-black); LIST-STYLE-TYPE: decimal !important; } </style>

Mr. Sameer Narayan has over 27 years of experience in Indian equity markets, with a strong and consistent track record of alpha generation over long investment horizons. Prior to joining Aditya Birla Sun Life AMC (ABSLAMC), he served as Head – PMS at Invesco Asset Management (India) Pvt. Ltd., where he managed segregated mandates across both growth (Caterpillar) and value-oriented strategies (RISE & DAWN) He also established the Adani Family Office in September 2011. He began his buy-side career with BNP Paribas Asset Management in 2006, advising offshore mandates, and has extensive sell-side experience through his stints at SSKI, Enam Securities, and Motilal Oswal. He holds a Master in Management Studies (MMS) degree from Narsee Monjee Institute of Management Studies, Mumbai, and a Bachelor of Engineering degree with specialization in Production Engineering.

Mr. Hemen Bhatia is a seasoned asset management professional with over 20 years of experience in the Indian mutual fund industry and is widely recognized for his expertise in ETFs and passive business. In his most recent role, Mr. Bhatia served as Executive Director & CEO of Angel One AMC spearheading the buildout of the firm’s passive-focused asset management business. Prior to that, he was Head of ETF Business at Nippon Life India AMC, where he played a key role in scaling the passive business significantly. He was also part of the core team at Benchmark AMC, the pioneering house that introduced the ETF concept to India and was instrumental in establishing the landmark CPSE ETF at Goldman Sachs AMC, which was a very successful Government of India disinvestment program via ETF route. Mr. Bhatia has been an active member of key industry and regulatory bodies, including AMFI’s ETF Committee and he was also part of the SEBI working group that developed the Mutual Funds Lite (MF Lite) framework for passive schemes. Mr. Bhatia holds Master of Management Studies (Finance) degree from Mumbai University. <br><Br> <h2><strong>Roles & Responsibilities with respect to Risk Management</strong></h2> <ul class="ul-list"> <li> Ensure adherence to the guidelines pertinent to SEBI in respect of RMF and relevant principles thereunder including risk identification, risk management, risk reporting (both periodic and escalation of material incident) and corrective actions taken, if any.</li> <li>Ensure daily management of risk and necessary reporting relating to Investment risk of all scheme(s) such as market risk, liquidity risk, credit risk etc. and other scheme specific risks</li> <li>Review and provide recommendations for changes to the Investment and other policies related to Investments function.</li> <li>Ensure implementation of an integrated investment management system across front office, mid office and back office</li> <li>Ensure Investment policies are aligned to the investment objectives as documented in the Scheme Information Document (“SID”) </li> <li>Formulate, review and implement a framework for – <ul> <li>Updation / modification in the equity or debt investment universe </li> <li> Updation in internal investment limits;</li> <li>Provide relevant information to CRO regarding the risk reports </li> <li>Quantitative risk analysis </li> <li>Review portfolio concentration and take necessary actions to make adjustments to the portfolios </li> <li>Monitoring risk appetite within the potential risk class of the respective schemes </li> <li>Assessment of the governance risk of the issuer </li> <li>Assessing and monitoring risks of investing in multiple markets </li> <li> Maintenance of all relevant documents and disclosures with regard to the debt and money market instruments before finalizing the deal</li> </ul> </li> <li>Ensuring that schemes are managed in line with regulatory requirements</li> <li>Ensure adherence to the “Stewardship Code” and other regulatory updates prescribed by SEBI for mutual funds</li> <li>Calculate overall risk by taking in to account the weighted average of – <ul> <li>The risk-o-meter and</li> <li>The events of defaults</li> </ul> </li> <li>Ensure periodic reviews and monitoring the following – <ul> <li>Activities performed by fund managers with respect to risk identification, risk management, reporting and corrective actions</li> <li>Review and approve the changes to the risk appetite within the potential risk class of the respective schemes</li> <li>Exceptions / breaches to the Investment limits and identify and implement corrective actions </li> <li>Investment risk of new products</li> <li>Implementation of controls around dealing room such as – <ul> <li>non usage of mobile phones</li> <li>usage of dedicated recorded lines</li> <li>restricted internet access</li> <li>handling of information</li> </ul> </li> <li>Ensure adequate due diligence is conducted and documented during inter-scheme transfers</li> </ul> </li> <li>Monitor exceptions identified on review of the regular risk management activities</li> <li>Ensure that Fund managers and Dealers comply with Code of Conduct as per Schedule V B of Mutual Fund Regulations </li> <li>Report the key risks identified and corrective actions taken to the CEO and CRO</li> <li>Define and set internal limits (as applicable) such as - <ul> <li>minimum number of stocks/securities, </li> <li>cash (net of derivatives), </li> <li>stocks/securities vis-a-vis benchmark and </li> <li>Beta range</li> </ul> </li> <li>Define specific responsibilities of the Fund Managers</li> <li>Ensure adherence to risk appetite framework - maintain risk level for schemes </li> <li>Review adequacy of disclosures made to the investors regarding significant risks such as liquidity, counterparty and credit (quality of investments made mainly debt based on the credit rating), investment, and other risk areas across all schemes. Ensure disclosures made to clients are consistent with investments and holdings </li> <li>Responsible for the governance (incl. reputation and conduct risk associated for the respective function)</li> <li>Define specific responsibilities regarding risk management of key personnel reporting to Head - Passives</li> <li>Maintaining risk level as per the risk metric</li> <li>Undertake immediate corrective action for non-compliance or major findings post approval from CEO as per DoP and shall report to CRO regarding the risk reports.</li> <li>Perform adequate due diligence of outsourced vendors prior to onboarding</li> <li>Ensure periodic assessment of outsourced vendors considering following elements: <ul> <li>Review of vendors' people, systems and processes</li> <li>Documentation and communication of error tolerance and code of conduct and monitoring breaches</li> <li>Monitor fraud vulnerabilities in the outsourced process</li> <li>Report SLA breaches</li> </ul> </li> </ul> <style> .ul-list li { margin: 0 0 0 24px; text-align: left; display: list-item !important; line-height: 1.58; color: var(--color-black); LIST-STYLE-TYPE: decimal !important; } </style>

Mr. Karan Dave brings over 19 years of experience in Project and Structured Finance, with more than 15 years of association with the Aditya Birla Group. He played a key role in scaling up the Project and Structured Finance portfolio at Aditya Birla Finance and has previously worked with ICRA and Maruti. He holds an MBA degree from the Indian Institute of Management, Bangalore, and is a Rank Holder Chartered Accountant.

Mr. Akshat Pandya has over 24 years of experience in real estate private equity, investment banking, and construction finance in India. He has led and executed investments exceeding USD 470 million and has been involved in transactions aggregating over USD 3 billion, having worked with Axis Capital, ENAM, Lehman Brothers, and HDFC Limited. He holds a Master’s degree in Management Studies with a specialization in Finance and a Bachelor’s degree in Commerce from the University of Mumbai.

Mr. Sudhir S. is the Principal Officer & Head of Aditya Birla Sun Life AMC Ltd. GIFT IFSC Branch. He has over 25 years of experience in Financial Services industry and has been with ABSLAMC for 18 years specializing in Sales & Distribution of Mutual Funds and Investment Products, and Corporate Treasury (Sales & Advisory). Prior to this firm, he has worked in institutions such as MetLife, SBI Mutual Fund and Karvy. He holds a master’s degree in financial management from University of Mysore.

Ms. Kamayani Aniruddh Nagar has over 23 years of experience in the BFSI industry. She has worked with marquee organisations like Citi Bank, ICICI Bank, IDBI Bank, Bandhan Bank and Bajaj Capital. She has handled multiple roles from Wealth Management and Branch Banking to large Sales and Distribution teams. She is proficient in setting up and managing large scale distribution, helming P & L ownership, optimizing sales, improving processes and policies, enhancing customer relationships and experience. She is a gold medallist from IIM Indore and holds a PGDM degree from the esteemed institute along with a PG in Journalism and Mass communications and her Bachelors from University of Delhi. <br><Br> <h2><strong>Roles & Responsibilities with respect to Risk Management</strong></h2> <ul class="ul-list"> <li> Define and delegate roles to the key personnel within the functions for identifying and reporting risks</li> <li>Provide inputs to CRO to define risk threshold and risk appetite</li> <li>Provide relevant information to CRO regarding the risks reports</li> <li>For the relevant functional risks, identify, analyze and report and escalate to the CRO and CEO along with recommended action plan for Early warning signals, Emerging risks, Major findings, Near miss and loss events and fraud incidents. </li> <li>Review the risk level for the functional risk and control framework </li> <li>Ensure adherence with the DoP framework </li> <li>Formulate and review the RCSA for key risks and controls and periodically provide inputs to update the RCSA for the respective function. </li> <li> Identify and implement corrective actions / recommend action plans for deviations in the controls and present to CRO/ CEO</li> <li>Perform and report outcomes of periodic testing of the RCSA to CRO </li> <li>Ensure adherence to the guidelines pertinent to SEBI in respect of RMF and relevant principles thereunder including risk identification, risk management, risk reporting (both periodic and escalation of material incident) and corrective actions taken.</li> <li> Monitor the distribution channels and mis-selling incidents reported such as – <ul> <li>Number of mis-selling incidents</li> <li>Negative comments in the inspection report relating to distribution</li> <li>Analysis of the portfolio of investors e.g. nature of investments vis-à-vis risk appetite of investor </li> </ul> </li> <li>Exceptions reported by Sales & Marketing basis reviews done for distributors. </li> <li>Responsible for the governance (incl. reputation and conduct risk associated for the respective function) </li> <li>Maintaining risk level as per the risk metric</li> <li>Define specific responsibilities regarding risk management of key personnel reporting to CBO</li> <li>Undertake immediate corrective action for non-compliance or major finding post approval from CEO as per DoP and shall report to CRO regarding the risk reports.</li> <li>Perform adequate due diligence of outsourced vendors prior to onboarding</li> <li>Ensure periodic assessment of outsourced vendors considering following elements: <ul> <li>Review of vendors' people, systems and processes</li> <li>Documentation and communication of error tolerance and code of conduct and monitoring breaches</li> <li>Monitor fraud vulnerabilities in the outsourced process</li> <li>Report SLA breaches</li> </ul> </li> </ul> <style> .ul-list li { margin: 0 0 0 24px; text-align: left; display: list-item !important; line-height: 1.58; color: var(--color-black); LIST-STYLE-TYPE: decimal !important; } </style>

Mr. Vikas Mathur is the Head of Institutional Sales at Aditya Birla Sun Life AMC Limited. He comes with a rich experience of nearly two decades and has been a part of the organisation since August 2008. Vikas has previously worked at HBL Global Private Limited and at ICICI Prudential Life Insurance Company Limited. He holds a Bachelor’s Degree in Electronics and Communication Engineering from University of Madras, a Post Graduate Diploma in Business Entrepreneurship and Management from the Indian Institute of Planning and Management and a Master’s Degree in Business Administration from the International Management Institute. <h2><strong>Roles & Responsibilities with respect to Risk Management</strong></h2> <ul class="ul-list"> <li> Define and delegate roles to the key personnel within the functions for identifying and reporting risks</li> <li>Provide inputs to CRO to define risk threshold and risk appetite</li> <li>Provide relevant information to CRO regarding the risks reports</li> <li>For the relevant functional risks, identify, analyze and report and escalate to the CRO and CEO along with recommended action plan for Early warning signals, Emerging risks, Major findings, Near miss and loss events and fraud incidents. </li> <li>Review the risk level for the functional risk and control framework </li> <li>Ensure adherence with the DoP framework </li> <li>Formulate and review the RCSA for key risks and controls and periodically provide inputs to update the RCSA for the respective function. </li> <li> Identify and implement corrective actions / recommend action plans for deviations in the controls and present to CRO/ CEO</li> <li>Perform and report outcomes of periodic testing of the RCSA to CRO </li> <li>Ensure adherence to the guidelines pertinent to SEBI in respect of RMF and relevant principles thereunder including risk identification, risk management, risk reporting (both periodic and escalation of material incident) and corrective actions taken.</li> <li> Monitor the distribution channels and mis-selling incidents reported such as – <ul> <li>Number of mis-selling incidents</li> <li>Negative comments in the inspection report relating to distribution</li> <li>Analysis of the portfolio of investors e.g. nature of investments vis-à-vis risk appetite of investor </li> </ul> </li> <li>Exceptions reported by Sales & Marketing basis reviews done for distributors. </li> <li>Responsible for the governance (incl. reputation and conduct risk associated for the respective function) </li> <li>Maintaining risk level as per the risk metric</li> <li>Define specific responsibilities regarding risk management of key personnel reporting to CBO</li> <li>Undertake immediate corrective action for non-compliance or major finding post approval from CEO as per DoP and shall report to CRO regarding the risk reports.</li> <li>Perform adequate due diligence of outsourced vendors prior to onboarding</li> <li>Ensure periodic assessment of outsourced vendors considering following elements: <ul> <li>Review of vendors' people, systems and processes</li> <li>Documentation and communication of error tolerance and code of conduct and monitoring breaches</li> <li>Monitor fraud vulnerabilities in the outsourced process</li> <li>Report SLA breaches</li> </ul> </li> </ul> <style> .ul-list li { margin: 0 0 0 24px; text-align: left; display: list-item !important; line-height: 1.58; color: var(--color-black); LIST-STYLE-TYPE: decimal !important; } </style>

Mr. Nikesh Gupta has around 32 years of experience in Operations and Customer Service. Prior to joining the Company, Mr. Gupta served as the Chief Operations Officer at Aditya Birla Capital (NBFC) since October 2021. Prior to that, he has worked with Organisation such as Citibank, Kotak Mahindra Bank, DBS Bank and Bank of America. Mr. Gupta holds a Bachelor of Business Administration (BBA) degree from Delhi University and Master of Business Administration (MBA) degree from the Institute of Management Technology, Ghaziabad. <h2><strong>Roles & Responsibilities with respect to Risk Management</strong></h2> <ul class="ul-list"> <li>Define and delegate roles to the personnel within the operations function for identifying and reporting risks</li> <li>Provide inputs to CRO to define risk threshold and risk appetite</li> <li>Provide relevant information to CRO regarding the risk reports</li> <li>For the relevant functional risks, identify, analyze and report and escalate the following to the CRO and CEO along with recommended action plan for Early warning signals, Emerging risks, Major findings, Near miss and loss events and fraud incidents. </li> <li>Monitor outliers, findings identified during periodic assessment of outsourced vendors and recommend and monitor implementation</li> <li>Ensure risk levels are in accordance with the approved risk threshold and risk metric </li> <li>Ensure adherence with the DoP framework </li> <li>Formulate and implement policy for mutual fund accounting and obtain approval from the Board of AMC</li> <li>Formulate and review the RCSA for key risks and controls and periodically provide inputs to update the RCSA for all operations areas. including Customer Servicing, Fund Accounting & Custody Operations, Trade Settlements, Mid-office Group Operations </li> <li>Approve investment limit setup such as minimum number of stocks/securities, cash (net of derivatives), stocks/securities vis-a-vis benchmark and Beta range, regulatory limits11. Monitor risks related to the Unit Administration, Fund Accounting, Treasury and Settlement, Middle Office Group Operations (MOG), Customer Service and review the remediation and action plans </li> <li> Perform and report outcomes of periodic testing of the RCSA to CRO </li> <li>Identify and implement corrective actions / recommend action plans for deviations in the controls and present to CRO/ CEO</li> <li>Ensure adherence to the guidelines pertinent to SEBI in respect of RMF and relevant principles thereunder including risk identification, risk management, risk reporting (both periodic and escalation of material incident) and corrective actions taken. </li> <li>Responsible for the governance (incl. reputation and conduct risk associated for the respective function) of Risk Management framework across the Operations Functions.</li> <li>Maintaining risk level as per the risk metric</li> <li>Define specific responsibilities regarding risk management of key personnel reporting to COO</li> <li>Undertake immediate corrective action for non-compliance or major finding post approval from CEO as per DoP and shall report to CRO regarding the risk reports.</li> <li>Perform adequate due diligence of outsourced vendors prior to onboarding</li> <li>For the relevant functional risks, ensure periodic assessment of outsourced vendors considering following elements: <ul> <li> Review of vendors' systems and processes</li> <li> Monitoring of error tolerance and issues noted in vendor’s code of conduct and monitoring breaches</li> <li> Monitor fraud vulnerabilities in the outsourced processes</li> <li>Report SLA breaches</li> </ul> </li> <style> .ul-list li { margin: 0 0 0 24px; text-align: left; display: list-item !important; line-height: 1.58; color: var(--color-black); LIST-STYLE-TYPE: decimal !important; } </style>

Mr. Pradeep Sharma has over 30 years of experience in the finance function. He has been associated with Aditya Birla Group from May 1996. Mr. Sharma was the Chief Financial Officer of Aditya Birla Money Ltd. since August 2016 and he has also been the Chief Financial Officer of Aditya Birla Money Mart Ltd. from April 2015 to July 2016. Prior to this, he was working with Corporate Finance Division of UltraTech Cement since May 2010 and has held the position of Sr. Vice President & Head - Corporate Taxation. Mr. Sharma is a Fellow Member of the Institute of Chartered Accountants of India and the Institute of Company Secretaries of India. <h2><strong>Roles & Responsibilities with respect to Risk Management</strong></h2> <ul class="ul-list"> <li> Responsible for the governance (incl. reputation and conduct risk associated for the respective function) of financial accounting & reporting risks (incl. taxation) and Legal risks</li> <li> Perform periodic review and suggest changes in the Finance and legal policies and obtain approval from Board of AMC</li> <li>Provide inputs to CRO to define risk threshold and risk appetite for the AMC </li> <li> Define and delegate roles to the key personnel within the finance / accounting function for identifying and reporting risks</li> <li> Provide relevant information to CRO regarding the risks materialised</li> <li> For the relevant functional risks, identify, analyze and report and escalate to the CRO and CEO along with recommended action plan for Early warning signals, Emerging risks, Major findings, Near miss and loss events and fraud incidents.</li> <li>Ensure adequate segregation of duties within the finance function for accounting related activities for scheme and AMC </li> <li> Review the risk level are in accordance with the controls framework and operating thresholds</li> <li> Ensure adherence with the DoP framework</li> <li>Formulate and review the RCSA for key risks and controls and periodically provide inputs to update the RCSA for the Finance and legal function. </li> <li>Perform and report outcomes of periodic testing of the RCSA to CRO </li> <li> Identify and implement corrective actions / recommend action plans for deviations in the controls and present to CRO/ CEO</li> <li>Ensure adherence to the guidelines pertinent to SEBI in respect of RMF and relevant principles thereunder including risk identification, risk management, risk reporting (both periodic and escalation of material incident) and corrective actions taken.</li> <li>Formulate procedure documents and implement process to perform periodic testing of Internal Financial Controls </li> <li>Maintaining risk level as per the risk metric </li> <li>Undertake immediate corrective action for non-compliance or major finding post approval from CEO as per DoP and shall report to CRO regarding the risk reports.</li> <li>Define specific responsibilities regarding risk management of key personnel reporting to CFO</li> <li> Perform adequate due diligence of outsourced vendors prior to onboarding</li> <li>Ensure periodic assessment of outsourced vendors considering following elements: <ul> <li>Review of vendors' people, systems and processes</li> <li>Documentation and communication of error tolerance and code of conduct and monitoring breaches</li> <li>Monitor fraud vulnerabilities in the outsourced process</li> <li>Report SLA breaches</li> </ul> </li> </ul> <style> .ul-list li { margin: 0 0 0 24px; text-align: left; display: list-item !important; line-height: 1.58; color: var(--color-black); LIST-STYLE-TYPE: decimal !important; } </style>

Mr. Prasad Kakkat has over 24 years of work experience in the Human Resource function and has been associated with Aditya Birla Capital for the past 14 years. Mr. Kakkat handled the role of Head - Corporate HR & Talent Staffing at Aditya Birla Capital Ltd for 2 years and prior to that he was associated with Aditya Birla Sun Life Insurance for 12 years. Before joining the Aditya Birla Group, he has been associated with Organisations like V-Guard Industries Ltd., Hindustan Coca-Cola Beverages Pvt. Ltd. and Samsung India Electronics Pvt. Ltd. Mr. Kakkat holds a Post Graduate Diploma in Personnel Management from National Institute of Personnel Management and a bachelor’s degree in commerce. <h2><strong>Roles & Responsibilities with respect to Risk Management</strong></h2> <ul class="ul-list"> <li>Responsible for the governance of Human Resource risks</li> <li> Formulate and implement Human Resources and remuneration policy and obtain approval from the Board of AMC and / or group company as applicable</li> <li>Review and suggest changes in the policies and obtain approval from Board of AMC and / or group company as applicable</li> <li> Provide inputs to CRO to define risk threshold and risk appetite</li> <li> Define and delegate roles to the key personnel within the human resource function, administration and Business Excellence function for identifying and reporting risks</li> <li>Provide relevant information to CRO regarding the risks materialised</li> <li>For the relevant functional risks, identify, analyze and report and escalate the following to the CRO and CEO along with recommended action plan for Early warning signals, Emerging risks, Major findings, Near miss and loss events and fraud incidents. </li> <li>Ensure adherence with the DoP framework</li> <li>Formulate and review the RCSA for key risks and controls and periodically provide inputs to update the RCSA for the Human Resource and administration function. </li> <li> Perform and report outcomes of periodic testing of the RCSA to CRO</li> <li>Identify and implement corrective actions / recommend action plans for deviations in the controls and present to CRO/ CEO</li> <li>Ensure a well-defined succession planning process for KMP and other key positions in the AMC</li> <li>Adequate backup and succession plan for key positions and key people are present at all times to ensure that at no point of time the AMC is deprived of the services of any Key Managerial Person (KMP). </li> <li>Ensure adherence to the guidelines pertinent to SEBI in respect of RMF and relevant principles thereunder including risk identification, risk management, risk reporting (both periodic and escalation of material incident) and corrective actions taken. </li> <li>Ensure that risk related KRAs are defined for CXOs and one level below CXO as required by the SEBI RMF</li> <li>Responsible for the governance (incl. reputation and conduct risk associated for the respective function) </li> <li>Maintaining risk level as per the risk metric</li> <li>Define specific responsibilities regarding risk management of key personnel reporting to Head – Human Resource, Administration & Business Excellence</li> <li>Undertake immediate corrective action for non-compliance or major finding post approval from CEO as per DoP and shall report to CRO regarding the risk reports.</li> <li>Perform adequate due diligence of outsourced vendors prior to onboarding</li> <li>Ensure periodic assessment of outsourced vendors considering following elements: <ul> <li>Review of vendors' people, systems and processes</li> <li>Documentation and communication of error tolerance and code of conduct and monitoring breaches</li> <li>Monitor fraud vulnerabilities in the outsourced process</li> <li>Report SLA breaches</li> </ul> </li> </ul> <style> .ul-list li { margin: 0 0 0 24px; text-align: left; display: list-item !important; line-height: 1.58; color: var(--color-black); LIST-STYLE-TYPE: decimal !important; } </style>

Ms. Sneha Suhas is the Chief Technology Officer of the Company. She brings over 25 years of extensive experience across diverse technology leadership roles. She has been the Chief Technology Officer of Aditya Birla Capital Digital Ltd. (ABCD) since September 2024. Prior to joining ABCD, she led technology functions at several leading BFSI institutions including Standard Chartered Bank, IDFC First Bank, Mahindra & Mahindra Financial Services, and ICICI Bank. She holds a B.E. in Computer Engineering and an MBA in IT & Systems. <h2><strong>Roles & Responsibilities with respect to Risk Management</strong></h2> <ul class="ul-list"> <li>Responsible for the governance of Technology Risks.</li> <li>Ensure adherence to the guidelines pertinent to SEBI in respect of RMF and relevant principles thereunder including risk identification, risk management, risk reporting (both periodic and escalation of material incident) and corrective actions taken, if any.</li> <li>Assess the performance and reliability of Technology related third-party vendors, service providers, and technology platforms supporting operations to mitigate outsourcing and vendor-related risks. </li> <li>Define and delegate roles to the key personnel within the IT function for identifying and reporting risks.</li> <li>Assess the risks associated with technology innovation initiatives, including emerging technologies, pilot projects, and proof-of-concept experiments, to ensure alignment with business objectives and mitigate potential risks of investment, adoption, or integration. </li> <li>Ensure disaster recovery and business continuity plan are in place for both internal operations and third‑party vendors/contracted services, and their adequacy and effectiveness are maintained and tested regularly by the service providers. </li> <li> Adherence to guidance as provided by Technology Committee of the Board. </li> <li>Ensure minimal system failures affecting business and deliverables of other functions.</li> <li>Measure the organization's exposure to technology-related risks, including infrastructure vulnerabilities, software dependencies, and emerging threats, to proactively address potential issues and mitigate disruptions in conjunction with Chief Information Security Officer (CISO).</li> <li>Provide inputs and relevant information to the CRO to help define risk thresholds, risk appetite, and to support the preparation of risk reports.</li> <li>Perform and report outcomes of periodic testing of the RCSA to CRO. </li> <li>Identify and implement corrective actions / recommend action plans for deviations in the controls and present to CRO/ CEO. </li> <li>Undertake immediate corrective action for non-compliance or major finding post approval from CEO as per DoP and shall report to CRO regarding the risk reports. </li> <li>For the relevant functional risks, identify, analyze and report and escalate the following to the CRO and CEO along with recommended action plan for Early warning signals, Emerging risks, Major findings, Near miss and loss events and fraud incidents in conjunction with Chief Information Security Officer (CISO).</li> <li>Responsible for the governance (incl. reputation and conduct risk associated for the respective function)</li> <li> Maintaining risk level as per the risk metric</li> <li> Perform adequate due diligence of outsourced vendors prior to onboarding </li> <li>Ensure periodic assessment of outsourced vendors considering following elements: <ul> <li>Review of vendors' people, systems and processes</li> <li>Documentation and communication of error tolerance and code of conduct and monitoring breaches</li> <li>Monitor fraud vulnerabilities in the outsourced process</li> <li>Report SLA breaches</li> </ul> </li> </ul> <style> .ul-list li { margin: 0 0 0 24px; text-align: left; display: list-item !important; line-height: 1.58; color: var(--color-black); LIST-STYLE-TYPE: decimal !important; } </style>

Mr. Anindya Karmakar has over 25 years of work experience. He has been associated with Aditya Birla Capital for past 6 years. Mr. Karmakar has been the Head Digital & Analytics at Aditya Birla Financial Shared Services and in his prior roles, Mr. Karmakar has managed diverse roles into Strategy, Products, Operations, Digital Transformation within Aditya Birla Capital. Mr. Karmakar has completed his MBA from Faculty of Management Studies, Delhi University and B. Tech in Computer Science & Technology from IIT, Madras. <h2><strong>Roles & Responsibilities with respect to Risk Management</strong></h2> <ul class="ul-list"> <li> Define and delegate roles to the key personnel within the functions for identifying and reporting risks</li> <li>Provide inputs to CRO to define risk threshold and risk appetite</li> <li>Provide relevant information to CRO regarding the risks reports</li> <li>For the relevant functional risks, identify, analyze and report and escalate to the CRO and CEO along with recommended action plan for Early warning signals, Emerging risks, Major findings, Near miss and loss events and fraud incidents. </li> <li>Review the risk level for the functional risk and control framework </li> <li>Ensure adherence with the DoP framework </li> <li>Formulate and review the RCSA for key risks and controls and periodically provide inputs to update the RCSA for the respective function. </li> <li> Identify and implement corrective actions / recommend action plans for deviations in the controls and present to CRO/ CEO</li> <li>Perform and report outcomes of periodic testing of the RCSA to CRO </li> <li>Ensure adherence to the guidelines pertinent to SEBI in respect of RMF and relevant principles thereunder including risk identification, risk management, risk reporting (both periodic and escalation of material incident) and corrective actions taken.</li> <li> Monitor the distribution channels and mis-selling incidents reported such as – <ul> <li>Number of mis-selling incidents</li> <li>Negative comments in the inspection report relating to distribution</li> <li>Analysis of the portfolio of investors e.g. nature of investments vis-à-vis risk appetite of investor </li> </ul> </li> <li>Exceptions reported by Sales & Marketing basis reviews done for distributors. </li> <li>Responsible for the governance (incl. reputation and conduct risk associated for the respective function) </li> <li>Maintaining risk level as per the risk metric</li> <li>Define specific responsibilities regarding risk management of key personnel reporting to CBO</li> <li>Undertake immediate corrective action for non-compliance or major finding post approval from CEO as per DoP and shall report to CRO regarding the risk reports.</li> <li>Perform adequate due diligence of outsourced vendors prior to onboarding</li> <li>Ensure periodic assessment of outsourced vendors considering following elements: <ul> <li>Review of vendors' people, systems and processes</li> <li>Documentation and communication of error tolerance and code of conduct and monitoring breaches</li> <li>Monitor fraud vulnerabilities in the outsourced process</li> <li>Report SLA breaches</li> </ul> </li> <style> .ul-list li { margin: 0 0 0 24px; text-align: left; display: list-item !important; line-height: 1.58; color: var(--color-black); LIST-STYLE-TYPE: decimal !important; } </style>

Mr. Parag Murudkar has over 20 years of experience in brand management, marketing strategy and product innovation within the BFSI sector. Prior to joining the Company, Mr. Murudkar served as Head - Brand, Product and Channel Marketing at Aditya Birla Capital Ltd. (NBFC) since April 2025. Prior to that, he was associated with reputed organizations including GroupM – Mindshare, Refyne Technologies, Yes Bank Limited, Axis Bank Limited and ICICI Bank Limited, among others. Mr. Murudkar holds a Bachelor's degree in Science and Master of Management Studies degree from Mumbai University. <h2><strong>Roles & Responsibilities with respect to Risk Management</strong></h2> <ul class="ul-list"> <li> Define and delegate roles to the key personnel within the functions for identifying and reporting risks</li> <li>Provide inputs to CRO to define risk threshold and risk appetite</li> <li>Provide relevant information to CRO regarding the risks reports</li> <li>For the relevant functional risks, identify, analyze and report and escalate to the CRO and CEO along with recommended action plan for Early warning signals, Emerging risks, Major findings, Near miss and loss events and fraud incidents. </li> <li>Review the risk level for the functional risk and control framework </li> <li>Ensure adherence with the DoP framework </li> <li>Formulate and review the RCSA for key risks and controls and periodically provide inputs to update the RCSA for the respective function. </li> <li> Identify and implement corrective actions / recommend action plans for deviations in the controls and present to CRO/ CEO</li> <li>Perform and report outcomes of periodic testing of the RCSA to CRO </li> <li>Ensure adherence to the guidelines pertinent to SEBI in respect of RMF and relevant principles thereunder including risk identification, risk management, risk reporting (both periodic and escalation of material incident) and corrective actions taken.</li> <li> Monitor the distribution channels and mis-selling incidents reported such as – <ul> <li>Number of mis-selling incidents</li> <li>Negative comments in the inspection report relating to distribution</li> <li>Analysis of the portfolio of investors e.g. nature of investments vis-à-vis risk appetite of investor </li> </ul> </li> <li>Exceptions reported by Sales & Marketing basis reviews done for distributors. </li> <li>Responsible for the governance (incl. reputation and conduct risk associated for the respective function) </li> <li>Maintaining risk level as per the risk metric</li> <li>Define specific responsibilities regarding risk management of key personnel reporting to CBO</li> <li>Undertake immediate corrective action for non-compliance or major finding post approval from CEO as per DoP and shall report to CRO regarding the risk reports.</li> <li>Perform adequate due diligence of outsourced vendors prior to onboarding</li> <li>Ensure periodic assessment of outsourced vendors considering following elements: <ul> <li>Review of vendors' people, systems and processes</li> <li>Documentation and communication of error tolerance and code of conduct and monitoring breaches</li> <li>Monitor fraud vulnerabilities in the outsourced process</li> <li>Report SLA breaches</li> </ul> </li> <style> .ul-list li { margin: 0 0 0 24px; text-align: left; display: list-item !important; line-height: 1.58; color: var(--color-black); LIST-STYLE-TYPE: decimal !important; } </style>

Mr. Sidharth Damani is the Head – Investor Education and Distribution Development at Aditya Birla Sun Life AMC Limited. He has over two decades of experience and has been part of the organisation since October 1998. Siddharth holds a Bachelor’s Degree in Commerce from Sydenham College of Commerce and Economics, Mumbai and a Master’s Degree in Business Administration from Queensland University of Technology, Brisbane, Australia. <h2><strong>Roles & Responsibilities with respect to Risk Management</strong></h2> <ul class="ul-list"> <li> Define and delegate roles to the key personnel within the functions for identifying and reporting risks</li> <li>Provide inputs to CRO to define risk threshold and risk appetite</li> <li>Provide relevant information to CRO regarding the risks reports</li> <li>For the relevant functional risks, identify, analyze and report and escalate to the CRO and CEO along with recommended action plan for Early warning signals, Emerging risks, Major findings, Near miss and loss events and fraud incidents. </li> <li>Review the risk level for the functional risk and control framework </li> <li>Ensure adherence with the DoP framework </li> <li>Formulate and review the RCSA for key risks and controls and periodically provide inputs to update the RCSA for the respective function. </li> <li> Identify and implement corrective actions / recommend action plans for deviations in the controls and present to CRO/ CEO</li> <li>Perform and report outcomes of periodic testing of the RCSA to CRO </li> <li>Ensure adherence to the guidelines pertinent to SEBI in respect of RMF and relevant principles thereunder including risk identification, risk management, risk reporting (both periodic and escalation of material incident) and corrective actions taken.</li> <li> Monitor the distribution channels and mis-selling incidents reported such as – <ul> <li>Number of mis-selling incidents</li> <li>Negative comments in the inspection report relating to distribution</li> <li>Analysis of the portfolio of investors e.g. nature of investments vis-à-vis risk appetite of investor </li> </ul> </li> <li>Exceptions reported by Sales & Marketing basis reviews done for distributors. </li> <li>Responsible for the governance (incl. reputation and conduct risk associated for the respective function) </li> <li>Maintaining risk level as per the risk metric</li> <li>Define specific responsibilities regarding risk management of key personnel reporting to CBO</li> <li>Undertake immediate corrective action for non-compliance or major finding post approval from CEO as per DoP and shall report to CRO regarding the risk reports.</li> <li>Perform adequate due diligence of outsourced vendors prior to onboarding</li> <li>Ensure periodic assessment of outsourced vendors considering following elements: <ul> <li>Review of vendors' people, systems and processes</li> <li>Documentation and communication of error tolerance and code of conduct and monitoring breaches</li> <li>Monitor fraud vulnerabilities in the outsourced process</li> <li>Report SLA breaches</li> </ul> </li> </ul> <style> .ul-list li { margin: 0 0 0 24px; text-align: left; display: list-item !important; line-height: 1.58; color: var(--color-black); LIST-STYLE-TYPE: decimal !important; } </style>

Mr. Hari Babu heads the Risk Management practice at Aditya Birla Sun Life AMC Limited. He has an overall experience of around 23 years. Prior to joining ABSLAMC, he has worked with UTI Mutual Fund. He has over two decades of experience in Risk Management, Portfolio Research and Analysis, among others. <h2><strong>Roles & Responsibilities with respect to Risk Management</strong></h2> <ul class="ul-list"> <li>Ensure all risk related policies are defined, reviewed, and updated periodically and placed at the relevant risk management committee for approval</li> <li>Responsible for implementation, governance (incl. reputation and conduct risk associated for the respective function) and review of Risk Management Framework (“RMF”) across Asset Management Company (“AMC”) and Mutual Fund Schemes </li> <li>Responsible for overall risk management related activities of the AMC and Mutual Fund Schemes</li> <li>Establishing an organization wide risk conscious culture</li> <li> Formulate and implement structured reporting process for risk monitoring at least on a quarterly basis to the board of AMC, trustees and RMCs, covering all risks including risk metrics, escalation of material risk related incidents, timely and corrective actions taken, if any.</li> <li>Monitor and ensure adherence and compliance to RMF across AMC and Mutual Fund Operations </li> <li> Review specific responsibility of management, including CEO, CIO, CXOs, and Fund Managers</li> <li>Formulate and recommend changes to roles and responsibilities including KRAs relating to risk management activities and place these at the RMCs for approval </li> <li>Define and Monitor Delegation of Power (DoP) framework for risk management, reporting and corrective actions including periodic review of DoP.</li> <li>Review and suggest changes to the risk appetite and risk metrics for AMC and scheme </li> <li> Ensure formulation and implementation of adequate mechanism for – <ul> <li>Generating early warning signals</li> <li>Conducting stress testing for investment, credit and liquidity risks basis approved parameters;</li> <li>Define the tolerance limits for each of the risk parameters;</li> <li> Measurement and review of AMC and scheme specific risks including RCSA</li> <li>Assessment and review of credit risk policies</li> <li> Assess liquidity risk at a scheme level</li> <li> Alerts pertaining to asset liability mismatch </li> <li>Fraud Risk Management Framework</li> <li>Adequate framework to detect and prevent security market violation, frauds and malpractices by the AMC and reporting framework on the same to the ERMC and board Trustee on half yearly basis</li> <li>Escalation matrix for reporting and resolution of incidents (loss, near miss, fraud etc.) </li> <li>Ensure review of operations for material outsourced activities atleast on an annual basis</li> </ul> </li> <li>Review and report the following to the ERMC and Board Risk Committee of AMC and Trustee – <ul> <li>Risk reports and dashboards capturing deviations to risk thresholds, risk appetite across AMC and Scheme</li> <li>Result of stress testing based on defined parameters for investment, credit and liquidity risks, etc.</li> <li>Internal and external fraud incidents reported</li> <li>Near miss and loss incidents identified and reported by the respective departments</li> <li>Monitor liquidity risk including asset liability mismatch at a scheme and portfolio level vis-à-vis internally approved and defined liquidity model on a monthly basis</li> <li>Major findings and corrective actions prepared by the CXOs</li> <li>Monitor delays in implementation of corrective actions by CXOs</li> </ul> </li> <li>Independently assess reporting of risks to various committees and CEO </li> <li>Formulate a mechanism for reporting to CEO - Including outcomes for risk management function on monthly basis.</li> <li>Ensure insurance cover is maintained based on AMC and Trustee approval for the MF operations and third-party losses </li> <li>Define process to assess the control against each of the identified risk capturing following elements: <ul> <li> Measurement tool for each risk (RCSA, Stress Testing etc)</li> <li>Monitoring and reporting frequency</li> <li>Reporting of breaches</li> </ul> </li> <li>Identify, assess and estimate emerging risks and their possible impact on AMC and mutual fund schemes </li> <li>Report existing and emerging risks associated with the MF and AMC activities to the Risk Management Committee of the AMC and Trustee</li> <li>Perform periodic review and update the RMF defined by the AMC and place the same to the Risk Management Committee (“RMC”) for approval. </li> <li> Define specific responsibilities regarding risk management of key personnel reporting to CRO</li> <li> Inform to board of AMCs, trustee and risk committees regarding any major findings or corrective actions required and also update on closure or the status of various recommendations. </li> <li>Perform adequate due diligence of outsourced vendors prior to onboarding </li> <li> Ensure periodic assessment of outsourced vendors considering following elements: <ul> <li>Review of vendors' people, systems and processes</li> <li>Documentation and communication of error tolerance and code of conduct and monitoring breaches</li> <li>Monitor fraud vulnerabilities in the outsourced process</li> <li>Report SLA breaches</li> </ul </li> </ul> <style> .ul-list li { margin: 0 0 0 24px; text-align: left; display: list-item !important; line-height: 1.58; color: var(--color-black); LIST-STYLE-TYPE: decimal !important; } </style>

Mr. Prateek Savla is the Company Secretary of the Company. He is an Associate Member of the Institute of Company Secretaries of India (ICSI) and a Law Graduate from Mumbai University. He has over 16 years of experience in corporate laws, governance, regulatory compliance, risk management, and legal domain. His expertise spans managing IPOs, capital market transactions, mergers, corporate restructuring and Board governance matters. Prior to joining the Company in September 2021, he has worked with SBI General Insurance Co. Limited, National Stock Exchange of India Limited, Prime Focus Limited, and Reliance Infrastructure Limited.

Mr. Parth Makwana is the Chief Compliance Officer of Aditya Birla Sun Life Mutual Fund. Mr. Parth Makwana joined Aditya Birla Sun Life AMC Ltd. (‘the Company’) in December 2016 and has an overall experience of 12 years in the Compliance Function of the Mutual Fund industry. In his current role, he is primarily responsible for ensuring compliances with various applicable SEBI laws and Prevention of Money Laundering Act. Additionally, he has handled audits and inspections. Prior to joining the Company, he was associated with asset managers viz. HDFC Asset Management Company Limited, Nippon Life India Asset Management Limited and IDBI Asset Management Limited. He is a Law Graduate and a Member of Institute of Company Secretaries of India. <h2><strong>Roles & Responsibilities with respect to Risk Management</strong></h2> <ul class="ul-list"> <li>Responsible for the governance of compliance risks.</li> <li>Formulate and implement compliance and other policies such as prevention of front running, outside business activity, commercial bribes and kickbacks, Whistle Blower policy, record retention policy, outsourcing arrangements etc. in accordance with SEBI risk management framework and approved by the Board of AMC and Trustee</li> <li>Review and suggest changes in the policies and obtain approval from Board of AMC and Trustee </li> <li>Ensure identification and communication of regulatory updates to the respective functions and CXOs and monitor implementation </li> <li>Provide inputs to CRO to define risk threshold and risk appetite of Compliance </li> <li> Define and delegate roles to the key personnel within the compliance function for identifying and reporting risks</li> <li>Provide relevant information to CRO regarding monthly / quarterly risk reporting to the Committees </li> <li> For the relevant functional risks, identify, analyze and report and escalate to the CRO and CEO along with recommended action plan for Early warning signals, Emerging risks, Major findings, Near miss and loss events and fraud incidents. </li> <li>Ensure timely and accurate filing of the regulatory returns / filings</li> <li>Review the risk level for the functional risk is in accordance with the control framework and defined threshold</li> <li>Ensure adherence with the DoP framework </li> <li>Formulate and review the RCSA for key risks and controls and periodically provide inputs to update the RCSA for compliance function.</li> <li>Perform and report outcomes of periodic testing of the RCSA to CRO </li> <li>Identify and implement corrective actions / recommend action plans for deviations in the controls and present to CRO/ CEO</li> <li> Ensure adherence to the guidelines pertinent to SEBI in respect of RMF and relevant principles thereunder including risk identification, risk management, risk reporting (both periodic and escalation of material incident) and corrective actions taken. </li> <li>Ensure timely submission of regulatory reports to the Regulator and Board of AMC and Trustee as prescribed by the SEBI Mutual Funds Regulations</li> <li> Monitor the following scheme related disclosures – <ul> <li>Disclosure of credit (quality of investments made mainly debt based on the credit rating), counterparty, investment and other risks associated with the scheme to the investors</li> <li>Scheme's risk profile is stated in all communications with investors including in the SID and marketing materials</li> <li>Incorporate any other elements of risk appetite as may be stipulated by AMCs and Trustees in SID</li> </ul> </li> <li> Implement process for prevention or detection of possible insider trading at the personnel or portfolio levels</li> <li>Implement process for performing compliance check of AMC’s marketing materials (collateral, brochures etc.), website uploads, digital advertising, and performance advertising etc. before its usage</li> <li>Ensure that roles and responsibilities as per the RMF is disclosed on the AMC website</li> <li>Responsible for the governance (incl. reputation and conduct risk associated for the respective function)</li> <li>Maintaining risk level as per the risk metric </li> <li>Define specific responsibilities regarding risk management of key personnel reporting to Chief Compliance Officer </li> <li>Undertake immediate corrective action for non-compliance or major finding post approval from CEO as per DoP and shall report to CRO regarding the risk reports.</li> <li>Perform adequate due diligence of outsourced vendors prior to onboarding </li> <li>Ensure periodic assessment of outsourced vendors considering following elements: <ul> <li>Review of vendors' people, systems and processes</li> <li>Documentation and communication of error tolerance and code of conduct and monitoring breaches</li> <li>Monitor fraud vulnerabilities in the outsourced process.</li> <li>Report SLA breaches</li> </ul> </li> </ul>