Meet Mehul Dama: Fund Manager Driving Angel One Nifty Total Market Index Fund

Explore Mehul Dama’s impressive 19+ year journey in ETFs and passive funds, backed by a strong academic foundation in finance. As the Fund Manager, he is now leading the Angel One Nifty Total Market Index Fund to success!

As a Chartered Accountant (CA), his expertise spans fund management, valuation, and investment strategies. Currently, he manages a passive fund tracking the Nifty Total Market Index, offering investors broad market exposure.

Mehul Dama: A Veteran in Passive Investment Management

Mehul Dama is a seasoned professional in the financial services industry, particularly in passive mutual fund investments. With over 19 years of experience spanning operations, fund accounting, valuation, and investment management, he has played a pivotal role in managing various exchange-traded funds (ETFs) and index funds in India.

Currently, he is a Fund Manager at Angel One Asset Management Company (AMC), where he is responsible for overseeing passive investment strategies.

Educational Background and Work Experience

Mehul Dama holds a Bachelor of Commerce (B. Com.) degree and is a Chartered Accountant (CA), which has helped him build a strong foundation in finance and investment management. His career includes key roles at top financial institutions:

• Angel One AMC (December 2023 – Present): Fund Manager
• Nippon India AMC (2016 – 2023):
  • Fund Manager & ETF Dealer (2018 – 2023)
  • Lead Finance (2016 – 2018)
• Goldman Sachs AMC (2011 – 2016): Vice President – Controllers
• Benchmark AMC (2010 – 2011): Assistant Vice President – Operations/Controllers

His extensive tenure in India’s passive investment segment has made him a well-respected figure in ETF management and index fund operations.

Current Role at Angel One AMC

At Angel One AMC, Mehul Dama is responsible for managing the Angel One Nifty Total Market Index Fund and Angel One Nifty Total Market ETF. This scheme is designed to track the performance of the Nifty Total Market Index, which includes 750 stocks from large-cap, mid-cap, small-cap, and micro-cap segments.

Key Features of the Scheme:

• It follows a passive investment strategy to minimise portfolio turnover.
• It is benchmarked against the Nifty Total Market TRI (Total Return Index).
• Portfolio rebalancing is conducted semi-annually based on market trends.
• The scheme aims to provide investors with broad market exposure while maintaining cost efficiency.

Conclusion

With his extensive expertise in ETFs and passive investment strategies, Mehul Dama is leading Angel One AMC’s efforts to provide cost-effective, diversified market exposure.

His experience across top AMCs, makes him a key player in India’s passive mutual fund space. Investors looking for a well-structured, index-based investment solution will find his fund management approach aligned with long-term wealth creation goals.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.