With effect from January 14, 2026, Quant Mutual Fund has appointed Mahendra Kumar Jajoo as a Whole-Time Director on the board of its asset management company (AMC), Quant Money Managers Limited, according to a regulatory announcement.
Appointment of Mahendra Kumar Jajoo at Quant Mutual Fund
Jajoo has worked in the financial services sector for more than 30 years. He has held top leadership and investment positions in companies like ICICI, ABN AMRO, Tata Group, Pramerica Asset Managers, and Mirae Asset. He holds a B.Com. and is professionally qualified as a Chartered Accountant, Company Secretary, and CFA (USA).
Jajoo was the Chief Investment Officer for Fixed Income at Mirae Asset Investment Managers (India) Private Limited prior to joining Quant Money Managers.
📌 Quant Mutual Fund Key Appointment
- Appointee: Mahendra Kumar Jajoo
- Role: Whole-Time Director
- AMC: Quant Money Managers Limited
- Effective Date: January 14, 2026
- Experience: 30+ years in financial services
- Expertise: Investment management & fixed income
Professional Background and Qualifications
With effect from the end of business on December 26, 2025, Mirae Asset stated in December 2025 that Jajoo will resign from his position as CIO-Fixed Income and key personnel. With effect from December 27, 2025, Basant Bafna was appointed Head-Fixed Income at MAIMI following his resignation, along with modifications to his fund management duties.
“Over the years, Mahendra Jajoo has been instrumental in building our business, leading with a calm, steady hand and a deeply professional approach,” Mirae Asset wrote in a statement at the time of his resignation.
🏦 Mirae Asset Leadership Transition
- Outgoing Role: CIO – Fixed Income
- Organization: Mirae Asset Investment Managers (India)
- Last Working Day: December 26, 2025
- New Appointment: Basant Bafna
- New Role: Head – Fixed Income
- Change: Fund management responsibilities realigned
Contribution to Mirae Asset Mutual Fund
He has strengthened our franchise, cultivated important connections, and established platforms that will assist the organization’s expansion in the years to come, all of which have contributed to the establishment of a solid and resilient basis for Mirae Asset Mutual Fund in India.” He joined the fund house in August of 2016.
Frequently asked questions
1. Who has been named Quant Mutual Fund’s full-time director?
Mahendra Kumar Jajoo has been named a Whole-Time Director on the board of Quant Mutual Fund’s AMC, Quant Money Managers Limited.
2. What is the effective date of Mahendra Kumar Jajoo’s appointment?
According to a regulatory notice from the fund company, his nomination will take effect on January 14, 2026.
3. What is the professional background of Mahendra Kumar Jajoo?
Jajoo has worked in the financial services sector for more than 30 years. He has worked for prestigious companies including ICICI, ABN AMRO, Tata Group, Pramerica Asset Managers, and Mirae Asset. He is also a CFA (USA), company secretary, and chartered accountant.
4. Prior to joining Quant Mutual Fund, what was his previous position?
Jajoo was the Chief Investment Officer for Fixed Income at Mirae Asset Investment Managers (India) prior to joining Quant. In December 2025, he resigned from this position.
Conclusion
Mahendra Kumar Jajoo’s selection as a Whole-Time Director enhances Quant Mutual Fund’s leadership because of his extensive knowledge of financial management and investing. His vast background in leading international and Indian financial institutions is anticipated to bolster Quant’s long-term strategic growth and governance, strengthening the AMC’s standing in the mutual fund sector in India.
