Mahesh Patil has stepped down as Chief Investment Officer (CIO) at Aditya Birla Sun Life AMC, resigning after 21 years with the fund house. Patil, who oversaw an AUM of about Rs 4.5 lakh crore, announced on LinkedIn that he is leaving to pursue personal goals and hand over the baton to new leadership.

Patil further mentioned that he is confident that his successors, Harish Krishnan (CIO Equity), Kaustubh Gupta (CIO Fixed Income) and Sunaina da Chuna (Co CIO Debt) will continue to meet investor expectations and take the organisation to new heights.

While mentioning his journey at Aditya Birla Sun Life AMC, Patil called it a privilege. He posted, “Working at ABSL AMC and the larger Aditya Birla Group has been a privilege. ABSL AMC is one of the oldest asset management companies (celebrated 30 years last year) and an institution which is built on trust, where integrity is non-negotiable.”

Calling his journey immensely fulfilling, driven by passion and discipline, Patil said he has navigated the fund house through multiple market cycles while leaving behind a strong legacy. The flagship ABSL Large Cap Fund (formerly Frontline Equity Fund), which he managed since November 2005, had an AUM of Rs 31,000 crore and ranked No.1 in its category over a 20-year period.