Shah steps into the role previously held by Viraj Mehta, bringing with him a wealth of experience and a proven track record in the asset management industry.

ELHF, a small cap fund, has distinguished itself with an impressive performance, delivering over 20% compound annual growth rate (CAGR) since its inception, compared to the benchmark S&P 500 TRI's 15% as of May 31, 2024.

In his new role as CIO, Shah will oversee the asset management business, lead ELHF, and provide strategic direction to other equity funds within the Equirus portfolio, with a strong emphasis on investment, research, and management. 

Before joining Equirus, Shah was a fund manager at Edelweiss Small Cap Fund, where he managed assets under management (AUM) of Rs 3,300 crore.

Ajay Garg, Founder & Managing Director of Equirus, expressed his enthusiasm for the new appointment. "We are thrilled to welcome Sahil Shah to the Equirus family. His extensive experience and outstanding track record in fund management are invaluable as we continue to strengthen our asset management business. Sahil's expertise and strategic vision will play a crucial role in driving the performance of our funds and delivering exceptional value to our investors."