India Fund

Board of Directors

Investment Management Team

Managing Director – India Avenue Investment Management

Mugunthan spent three years in India as CIO of a boutique asset management business. In this period Mugunthan set up a foreign access vehicle to allow global investors to access India’s equity markets. Mugunthan previously worked as Head of Portfolio Management for ANZ Wealth in Australia and has over 20 years of experience in portfolio construction, manager selection as well as credit and equity research at companies such as Macquarie Bank and Westpac. Mugunthan has also managed multi- asset, alternatives and global/emerging market share portfolios. He has an MBA in Finance from the University of Technology, Sydney, Graduate Diploma in Investment & Finance from the Financial Services Institute of Australia and holds a Bachelor of Commerce (Finance) from the University of NSW, Sydney.

Investment Management Team

Director – India Avenue Investment Management

Aran has worked in the Australian investment and superannuation industry for over 10 years. His experience covers capital markets research, asset allocation, multi-asset portfolio management, quantitative analysis and investment manager research. Aran previously worked at MLC, one of Australia’s largest multi-asset funds and prior to this held roles at ING Investment Management and ANZ Wealth where he researched and assisted in the management of alternatives and global/emerging share market portfolios. He is a CFA charterholder and holds a Bachelor of Commerce & Bachelor of Science majoring in Finance and Mathematics from the University of New South Wales, Australia.



Non-Executive Director

Grant is a founder of one of Australia successful consumer products companies, building the business from scratch to a successful sale to PE firm in 2014. Today he spends his time focusing on developing new business lines and looks to opportunities where he can add value to a business through his commercial and product knowledge and is a long-term believer in the India growth story.



Non-Executive Director

Maadhvi is the Sanlam Private Wealth (SPW) appointed Director for India Avenue. She is responsible for SPW’s strategic focus in Australia as well as managing it’s external stakeholders. Maadhvi has also held senior roles at OneVue, PwC and KPMG previously and understands the Australian financial services landscape thoroughly.