Aditya Birla Sun Life AMC has appointed Hemen Bhatia as Head - Passives. This strategic move aims to boost growth in its passive investing business, focusing on ETFs and index funds.
Aditya Birla Sun Life AMC Appoints Hemen Bhatia as Head - Passives
Aditya Birla Sun Life AMC Ltd has appointed Mr. Hemen Bhatia as Head - Passives and Senior Management Personnel, effective June 23, 2026. Reader Takeaway: Leadership boost for passive funds; awaits new product launches and market share gains. ## What just happened Aditya Birla Sun Life AMC Ltd announced the appointment of Mr. Hemen Bhatia as its new Head of Passives. This leadership change is set to take effect from June 23, 2026. The decision was proposed by the Nomination, Remuneration and Compensation Committee and subsequently approved by the company's Board through a circular resolution. ## Why this matters This appointment signals Aditya Birla Sun Life AMC's reinforced strategic emphasis on the passive investing segment, which is currently experiencing substantial growth. Mr. Bhatia will be responsible for driving the strategy and expansion of the passive business. Key objectives include broadening the range of Exchange Traded Funds (ETFs) and index funds, improving liquidity and investor involvement, and enhancing engagement with both institutional and retail investors. ## The backstory Mr. Bhatia brings over two decades of experience in the Indian mutual fund industry, with a strong track record in developing passive investment businesses. His previous roles include serving as Executive Director & CEO of Angel One AMC, where he concentrated on passive asset management. He also held the position of Head of ETF Business at Nippon Life India AMC and was part of the early teams at Benchmark AMC and Goldman Sachs AMC, notably involved with the CPSE ETF. Mr. Bhatia is an active participant in industry forums, serving on AMFI’s ETF Committee and the SEBI working group for Mutual Funds Lite (MF Lite). ## What changes now With Mr. Bhatia at the helm, the company expects to see renewed efforts in product innovation within the passive space. Investors can anticipate a focus on expanding the ETF and index fund offerings and improving market participation.
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