Cat II · Managed by JM Financial Alternative Credit
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Private equity, private credit and real-estate funds that don't employ leverage except for operating needs. The largest AIF category.
JM Financial Select Credit Fund is a SEBI-registered Category II Alternative Investment Fund (reg. IN/AIF2/25-26/2059), registered in February 2026 and managed by JM Financial Asset Management Limited (CIN: U65991MH1994PLC078879) — the AMC arm of the JM Financial Group. This fund is the follow-on performing credit vehicle to the maiden JM Credit Opportunities Fund – 1 (IN/AIF2/22-23/1193), which achieved first close in 2023 and is delivering target returns with several investments already exited. JM Financial AMC publicly stated it had filed for a 'follow-on performing credit fund application' with SEBI alongside the Pre-IPO Fund in late 2025 / early 2026. The Select Credit Fund is a sector-agnostic private credit vehicle that builds on the successful credit framework of its predecessor, targeting performing credit opportunities arising from the regulatory asymmetry between banks and NBFCs in India. It continues JM Financial AMC's platform strategy of offering specialised AIF products across credit, real estate, and pre-IPO themes. The fund is headquartered at 7th Floor, Cnergy, Appasaheb Marathe Marg, Prabhadevi, Mumbai 400025.
Pranob Gupta
Managing Director & CIO – Credit Opportunities Fund / Select Credit Fund
Pranob Gupta is the Managing Director and Chief Investment Officer of JM Financial's credit AIF platform, leading investment strategy for both JM Credit Opportunities Fund – 1 and its follow-on, JM Financial Select Credit Fund. He oversees portfolio construction, deal origination, and credit risk management for the private credit franchise at JM Financial AMC.
Mrituanjay Singh
SEBI Contact Person – AIF
Mrituanjay Singh is the SEBI-designated contact person for JM Financial Yield Enhancer Distressed Opportunity Fund I at JM Financial Asset Management Limited, Mumbai.
Amit Kumar Jhalaria
Managing Director & Group Chief Risk Officer – Private Markets and Alternatives
Amit Kumar Jhalaria is the Managing Director and Group Chief Risk Officer for Private Markets and Alternatives at JM Financial. He joined the Group in 2018 and has over two decades of experience in corporate banking and risk management. His risk oversight function is integral to the maker-checker process that governs credit investment decisions for JM Financial AMC's credit funds. He is a qualified Chartered Accountant and holds an MBA from IIM Ahmedabad. Prior experience spans Standard Chartered Bank, Bank of America, Yes Bank, and SRF Limited.
Amitabh Mohanty
Chief Executive Officer
Amitabh Mohanty is the Managing Director and CEO of JM Financial Asset Management Limited and the primary architect of the firm's AIF expansion. He announced the Pre-IPO Trust in early 2026 as part of the AMC's comprehensive AIF ecosystem vision: 'Alternatives will remain a key priority for the group. We are investing heavily in building specialist teams, robust risk management processes, due diligence and investor experience across platforms.' He brings over two decades of asset management experience, with prior roles at Karvy Capital Limited and SBI Funds Management.
Jaisinh Suchak
Managing Director – Alternative Investment Funds
Jaisinh Suchak is the Managing Director leading the Alternative Investment Funds business at JM Financial Asset Management Limited, with oversight of all credit, real estate, and pre-IPO AIFs including the Yield Enhancer Distressed Opportunity Fund I.
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Satish Ramanathan
Chief Investment Officer (CIO) Equity
Mayukh Datta
Chief Business Officer
Diana D'sa
Head Legal, Compliance & Secretarial
Pradyumna Kumar Khare
Head of Operations
Shabina Ahmed
Head Products & Co-Head Key Accounts
Sandeep Bhosle
Chief Digital Officer – Business Development
Pranav Vajir
Chief Risk Officer
Ranjan Patro
Director IT & CISO
Paramsrikant Katariya
Head Of Digital Transformation and Data
Rama Subramanian
Senior Vice President - Investor Services & Branch Operations
Akansha Singh
Senior Vice President – Products
Poulomi Dutta
Head - Strategic Alliances (Sales & Business Development)
Mugdha Ghag
Head – Marketing & Branding
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