Bangalore, Mar 06: Axis Asset Management Company (AMC) today announced the elevation of R Sivakumar as the Chief Investment Officer (CIO) as per internal succession plan. In his new role, effective immediately, Sivakumar will drive Axis AMC’s investment strategy, provide thought leadership on new fund ideas, strengthen its research-led processes, and lead Axis Mutual Fund’s investment teams in alignment with the organisation’s long-term growth aspirations.
Ashish Gupta, who served as the CIO and led the Investments team, has decided to pursue other professional and personal interests. The Axis AMC Management placed on record, their appreciation for his invaluable contributions and his leadership during his tenure with the organisation and wish him the very best in his future endeavours.
Sivakumar, a veteran of the asset management industry, has been associated with Axis AMC since its inception in 2009, playing a pivotal role in its growth journey to one of the largest AMCs in the country with more than 3.75 lakh crore of assets under management (as of February 2026). With over 25 years of experience, he has held several leadership positions and contributed meaningfully to the evolution of Axis AMC’s fixed income portfolio, product strategy, and corporate strategy functions.
Sivakumar served as Head of Products, Corporate Strategy, and was also overseeing the AlF investments as an additional responsibility. He has been instrumental in driving enterprise-wide strategic initiatives and accelerating the organisation’s growth agenda. Prior to this role, he spent 14 years as Head – Fixed Income, leading the investment strategy for Axis Mutual Fund’s debt offerings and establishing a robust, disciplined approach to fixed-income management. He holds a Bachelor of Technology from IIT Madras and a Post Graduate Diploma in Management from IIM Ahmedabad.
Commenting on the announcement, B. Gopkumar, MD & CEO, Axis AMC, said:
“We look forward to Sivakumar’s extensive experience, deep market insight, and long-standing association with Axis AMC that uniquely positions him to lead our Mutual Fund investments team. The elevation, further, reflects our commitment to strengthening our focus on continuity, governance, and a disciplined investment framework. We thank Ashish for his leadership and contribution to Axis AMC.”
There are no other changes to the investment leadership structure. Effective immediately, Shreyash Devalkar (Head – Equity), Devang Shah (Head – Fixed Income) and Nandik Malik (Head – Equity & Hybrid SIF) will report to Sivakumar.
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