Krishna Sanghavi quits Canara Robeco Mutual Fund
Krishna Sanghavi joined Canara Robeco AMC in August 2018 as Head of Equities. He replaced Ravi Gopalakrishnan.
Krishna Sanghavi was managing or co-managing some of the flagship schemes of the fund house, including Canara Robeco SmallCap Fund, Canara Robeco Emerging Equities, Canara Robeco Consumer Trends Fund, Canara Robeco Tax Saver Fund, Canara Robeco Equity Diversified Fund, Canara Robeco Equity Blue Chip Fund, Canara Robeco Infrastructure Fund and Canara Robeco Equity Hybrid Fund.
Despite markets being highly volatile, some of the Canara Robeco’s prominent equity funds managed to deliver double-digit returns in the last one year.
CanaraRobeco Equity Diversified Fund, a multi cap fund, has given 10.95 per cent returns in his tenure, in the last one year. Canara Robeco Equity Tax Saver has given 10.20 per cent, Canara Robeco Consumer Trends, a thematic fund, has delivered 18.24 per cent.
Prior to joining Canara Robeco Mutual Fund, Sanghavi was Head of Equities with Aviva Life Insurance from May 2016 to July 2018. He has worked with Canara Robeco in the past as Senior Fund Manager from September 2012 to May 2016.
He has also worked with Kotak Mahindra Asset Management as afund manager from February 2006 to August 2012.
The AMC will release an official statement soon on Sanghavi's departure, the official said.