His appointment reinforces ABSL AMC’s commitment to capitalising on the growing momentum in passive investing in India.
FinTech BizNews Service
Mumbai, 22 June 2026: Aditya Birla Sun Life AMC Ltd. (ABSL AMC) has announced the appointment of Mr. Hemen Bhatia as Head – Passives, ABSL AMC and Senior Management Personnel, effective June 23, 2026.
With over two decades of experience in the mutual fund industry and deep expertise in ETFs and passive investing, Mr. Bhatia will lead the strategy and growth of the company’s passive business, focusing on expanding ETF and index fund offerings, enhancing investor participation, and strengthening engagement across institutional and retail segments.
His appointment reinforces ABSL AMC’s commitment to capitalising on the growing momentum in passive investing in India.
Mr. Hemen Bhatia is a seasoned asset management professional with over 20 years of experience in the Indian mutual fund industry and is widely recognized for his expertise in ETFs and passive business. In his most recent role, Mr. Bhatia served as Executive Director & CEO of Angel One AMC spearheading the buildout of the firm’s passive-focused asset management business. Prior to that, he was Head of ETF Business at Nippon Life India AMC, where he played a key role in scaling the passive business significantly.
He was also part of the core team at Benchmark AMC, the pioneering house that introduced the ETF concept to India and was instrumental in establishing the landmark CPSE ETF at Goldman Sachs AMC, which was a very successful Government of India disinvestment program via ETF route. Mr. Bhatia has been an active member of key industry and regulatory bodies, including AMFI’s ETF Committee and he was also part of the SEBI working group that developed the Mutual Funds Lite (MF Lite) framework for passive schemes.
In his new role, Mr. Bhatia will lead the strategy and growth of the Company’s passive business, focusing on expanding ETF and index fund offerings, enhancing liquidity and investor participation, and strengthening engagement across institutional and retail segments. His appointment reinforces the Company’s strategic focus on accelerating growth in passive investing which has been witnessing significant momentum.
Mr. Bhatia holds Master of Management Studies (Finance) degree from Mumbai University.
