MOSTPOWERFUL WOMEN

40
Prev Rank: NEW

Radhika Gupta, 37

Managing director and CEO, Edelweiss Asset Management

Previous Rank : NEW

Under Gupta, Edelweiss Mutual Fund earned the distinction of becoming the fastest-growing asset management company (AMC) during FY20. At the end of July 2020, the AMC managed assets in excess of ₹40,000 crore. However, Gupta counts the launch of Bharat Bond ETF as her marquee achievement in the past year. Both the product and category were created ground-up by Gupta’s AMC, and after its formal launch in December 2019, Bharat Bond’s market debut required close coordination with 10 ministries, PSUs, regulators like SEBI/IRDAI, stock exchanges, and many other stakeholders. Still, the first tranche of ₹12,000 crore was launched 12 days after cabinet approval, while the second tranche of ₹11,000 crore was successfully completed after the debt mutual fund crisis of April (following the abrupt closure of six debt fund schemes by Franklin Templeton MF), and during the pandemic in July this year.

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