Mosaic Asset Management

Mosaic Asset Management Multiyield Fund is a SEBI-registered Category II Alternative Investment Fund (reg. IN/AIF2/24-25/1597), registered in September 2024 and managed by Mosaic Asset Management Private Limited (CIN: U66190MH2024PTC422554, incorporated March 30, 2024) — a Mumbai-based performing credit fund manager founded by Maneesh Dangi, one of India's most decorated fixed income professionals. Maneesh Dangi was Co-CIO and Head of Fixed Income at Aditya Birla Sun Life Asset Management Company from 2006 to 2021, where he directly managed ₹70,000 crore as Fund Manager and grew ABSL's debt AUM from under ₹10,000 crore to ₹1.6 lakh crore — elevating ABSL from India's 8th largest to top-2 AMC. He has won multiple CIO of the Year awards (Asia Asset Management 2016, 2018), best Fund Manager of the Year (CRISIL 2011, Wealthforum 2012, Outlook 2011–13), and Most Astute Investor (2010, 2012, 2014, 2015). He is also the author of Booms, Busts and Market Cycles (Penguin Random House), a Framework for investing across economic cycles. Mosaic's AIF is a performing credit fund targeting diversified, uncorrelated credit assets to deliver higher returns per unit of risk — building a multi-manager, multi-strategy credit platform. The fund is headquartered at Flat B-4404, 44th Floor, Celestia Spaces, Tower B, TJ Road, Sewri, Mumbai 400015 — Maneesh Dangi's residential address.

Mosaic's investment philosophy is reflected in its name — a 'mosaic' of diverse, uncorrelated credit assets combined to achieve higher returns with active fund management and minimal risk. The philosophy is grounded in three decades of research in credit markets, particularly on 'why firms fail in India' (the Centre for Financial Research at IIM Udaipur, where Maneesh Dangi serves as Board Advisor, is a research partner). The fund targets performing credit opportunities across the quality spectrum — combining structured credit, corporate bonds, and alternative credit instruments — backed by the team's deep understanding of India's credit cycles, macro regime analysis, and sector-specific distress patterns. Maneesh Dangi's macro-cycle framework ('Booms, Busts and Market Cycles') informs top-down allocation, while bottom-up credit selection leverages his two decades of direct fixed income management experience. The Stewardship Code adopted by all Mosaic Funds mandates engagement with portfolio companies on governance improvement, with Maneesh Dangi and the Compliance Officer jointly constituting the Compliance Committee.