Fintotal News Analysis | Change in Fund Managers
Change in Fund Managers
Ruby Jacob, 23 Feb 2012

Fund managers of mutual funds play a mighty role in their performance. A funds portfolio pattern reflects the investment style, economic outlook and stock bets (or lack of it) of the fund manager. Fund management change is news good enough to be monitored by serious investors as it often leads to change in portfolio pattern and performance as a result.

Sanjay Parekh has been appointed as Senior Fund Manager for Equity Investment in Reliance Mutual Fund from 1 February. Prior to this role Sanjay was Senior Fund Manager at ICICI Prudential AMC. He managed several well performing funds as ICICI Prudential Banking & Financial Services Fund, ICICI Prudential Top 100 Fund and ICICI Prudential Dynamic Fund and so on.  Sakaran Naren has taken his place in ICICI Prudential AMC.

UTI Mutual Fund has announced immediate changes in fund management responsibility of some of its debt funds. Amandeep S Chopra will be the new fund manager for the following schemes: UTI Bond Fund, UTI Dynamic Bond Fund, UTI Gilt Advantage Fund, UTI Government Securities Fund, UTI Short Term Income Fundand UTI Treasury Advantage Fund.

Fidelity Mutual Fund has announced changes in fund management roles effective from 15 February. Accordingly, Mahesh A Chhabria and Shriram Ramanathan will be responsible for managing Fidelity Cash, Fidelity Ultra Short Term Debt, Fidelity Wealth Builder, Fidelity Fixed Maturity Plan Series V-Plan A, C, E and F and Fidelity Fixed Maturity Plan Series VI-Plan A to Plan F.

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