Mangesh More appointed VP Passive Funds UTI Mutual Fund marks a strategic leadership addition as passive investing gains momentum in India.
Mangesh More has joined UTI Mutual Fund as Vice President – Passive Funds, ROMG, where he will focus on expanding adoption of index funds and ETFs.
Driving growth in passive investments
In his new role, he will work on strengthening regional sales channels, improving investor awareness, and scaling passive investment products across markets.
His mandate includes increasing adoption of ETFs and index funds, which are seeing rising traction among retail and institutional investors.
Strong experience in wealth and asset management
Prior to this, More served as Regional Manager at Motilal Oswal Asset Management Company Ltd.
He has also held leadership roles at:
- Aditya Birla Sun Life Mutual Fund
- Kotak Mutual Fund
- IndusInd Bank
Earlier in his career, he worked with Standard Chartered and Motilal Oswal Financial Services Ltd.
Rising demand for passive investing in India
The Mangesh More appointed VP Passive Funds UTI Mutual Fund development comes as passive investment strategies continue to grow rapidly in India’s mutual fund ecosystem.
With increasing investor preference for low-cost and transparent products, his role is expected to support expansion and innovation in this segment.
