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Trustee Company

( Essel MF Trustee Limited )

Essel MF Trustee Limited (the "Trustee"), through its Board of Directors, shall discharge its obligations as Trustee of the Mutual Fund. The Trustee ensures that the transactions entered into by the AMC are in accordance with the SEBI (Mutual Funds) Regulations, 1996 and will also review the activities carried on by the AMC.



Mr. Ganguly was Chairman of Exide Industries and has been associated with no. of reputed public & private sector corporates including companies in financial sector like ING Vysya Life Insurance Co. Ltd. He is currently on the board of corporates like Magma Fincorp Ltd., Magma ITL Ltd., Rupa & Co. Ltd., Emami Ltd., West Bengal Industrial Development Corporation Ltd., Paharpur Cooling Towers Ltd., and Su-kam Power Systems Ltd.



Mr. Roy has been instrumental in expanding Peerless into a diversified conglomerate. In recognition of his significant contribution in diverse spheres, Mr. S. K. Roy has been honoured with several awards and accolades, the most recent being the "Padma Shri" by the Government of India. He is the Managing Director of The Peerless General Finance and Investment Co. Ltd. and also on the Board of various Peerless Group companies including Essel MF Trustee Limited. He is also the Executive Committee Member of Federation of Indian Chamber of Commerce & Industry (FICCI).



Mr. Mitra retired in June 2011 from the office of Revenue & Finance Secretary, Government of India after a successful 36 year career in the Indian Administrative Service (IAS). During his tenure in the Ministry of Finance, he led the Revenue teams in the formulation of the 2010 and 2011 Union Budgets and spearheaded several significant policy initiatives in public finance including a new disinvestment policy and taxation reforms. During his earlier tenures with the West Bengal Government, he led public policy reforms in the State-owned PSEs and the State's power sector. He resides in Kolkata and is independent Director on the Boards of Edelweiss Financial Services Limited, IPE Global Pvt. Ltd., Texmaco Rail & Engineering Ltd. , Nicco Parks & Resorts Ltd., Calcutta Promotions, Patton International Ltd, Magma HDI General Insurance Co. Ltd., ECL Finance Ltd and Edelweiss Securities Ltd. He is also on the Board of Dollar Industries Limited.



Mr. Chakrabarti had been a career banker with over 38 years of experience in the banking industry.

After spending 21 years in State Bank Group, Mr. Chakrabarti joined Axis Bank (erstwhile UTI Bank) since 1994 where he served in various capacities till his retirement in September 2011 as Deputy Managing Director on the Board being responsible for Direct Charge of Retail, SME, Agri Business and overall supervision of certain support services.

Mr. Chakrabarti is presently an Independent Director on the Boards of Bandhan Bank Ltd, Merino Industries Limited and Merino Panel Products Limited.

Mr. Chakrabarti is also associated with a few NGOs mainly in the sector of education. He is also on the Board of West Bengal State Electricity Distribution Company Limited.

Terms and Conditions of Appointment of Independent Directors