Exit of Mr. Gautam Sinha Roy & its impact on Motilal Oswal Multicap 35
Mr. Gautam Sinha Roy & Mr. Snigdha Sharma has resigned from his service with the Motilal AMC, with effect from 17th May 2019.Mr. Akash Singhania & Mr. Siddharth Bothra will continue as a fund manager.
Mr. Gautam Sinha Roy was a key person for Motilal Oswal and was acting as a co-fund manager for Motilal Oswal Multicap 35, Motilal Oswal Long Term Equity, Motilal Oswal Dynamic Equity Fund & Motilal Oswal Focused 25 Fund. He was there with these funds since inception.
Performance Scorecard – Mr. Gautam Sinha Roy
During his time, except Motilal Oswal Midcap 30, every other fund has generated more than ~12% returns. Among those Motilal Oswal Multicap, 35 was a big hit. At present, the fund is going through its rough times if we compared to its peers & at the same time resignation of Mr. Roy will create a huge impact.
We are still skeptical about the new fund manager who is Mr. Akash Singhania as he is managing Motilal Oswal Midcap 30 fund which has not performed to the expectations and lagging the race within its peers.
We understand, Motilal as an AMC has a good track record and will do well, but still, we are keeping our stance neutral as of now and suggest investors hold for now. We are not recommending anyone to start a fresh SIP in this fund till the time we are not forming a conviction on the new fund manager.