India's Best Fund Managers

Midas Master

While his debut was at a less-than-auspicious time, Pankaj Tibrewal has made the most of the opportunities that have come his way

Soumik Kar

It may not have been the best of time to start one’s career in the financial market. The year was 2001: the world was shaken up by the 9/11 attack in the US and the dotcom bubble burst was a very recent occurrence. Around this turbulent time, Pankaj Tibrewal graduated from Manchester University and joined Principal Mutual Fund on the credit side. He says that back then, he didn’t have much of a choice when it came to picking debt or equity. “I was a newcomer in the industry. My thinking was to grab whatever I got first.” From being a credit analyst at Principal, Tibrewal slowly started making his way into the business of managing funds. To begin with, he was managing funds only debt. Soon thereafter, he was given a hybrid fund with a equity side. During this time, he was also tracking a few sectors as an analyst at Principal. Tibrewal says it was this experience as a credit analyst in the early 2000s that helped him manage equity-oriented funds in the latter part of his career. To his credit, Tibrewal managed to steer clear of some leveraged infra names that got decimated after the 2008 crisis, ahead of time.