HDFC Mutual Fund names new fund managers for schemes managed by Prashant Jain

HDFC Mutual Fund has announced the names of fund managers who will manage the three schemes that were managed by Prashant Jain before his resignation. The fund house already announced that Chirag Setalvad will take over as Head of Equities and Shobhit Mehrotra has been redesignated as Head - Fixed Income.

Roshi Jain will manage the HDFC Flexi Cap Fund with assets worth Rs 26,511 crore. Jain was earlier the VP-Portfolio Management at Franklin Templeton before she joined HDFC AMC in December, 2021.

HDFC Top 100 Fund will be managed by Rahul Baijal. He was associated with Sundaram AMC from July 1, 2016 – June 28, 2022 as senior equity fund manager. Before that Baijal was associated with Bharti Axa Life Insurance Company Limited as Vice President - Investments (Fund Manager).

HDFC Balanced Advantage Fund will be co-managed by Gopal Agarwal and Srinivasan Ramamurthy (Equity Assets) and Anil Bamboli (Debt Assets). Gopal Agarwal has been in the mutual fund industry for 20 years and has been associated with Mirae Asset Management, DSP Mutual and Tata AMC.

The fund house said that Rahul Baijal, Senior Member - Investment Team (Equity), shall be redesignated as Senior Fund Manager – Equities. Nandita Menezes, Assistant Manager - Dealing & Investments shall be re-designated as ‘Assistant Manager – Investment Process control, Equity Dealer (Backup)’. Priya Ranjan is the dedicated Fund Manager for Overseas Investments

The new fund managers will take charge from July 29 onwards.