When you invest in a mutual fund, you assemble a collection of assets. Fund managers play a crucial role in this process, deciding what to buy and sell after thorough research and analysis.
Passive management involves mirroring a widely recognized index, with the fund’s components selected to align with that index. In contrast, active management entails the fund manager hand-picking the portfolio’s components. Fund managers wield considerable influence over the performance of actively managed mutual funds.
When seasoned mutual fund investors see a shift in fund managers, it often raises concerns. When investors realize the success of their chosen equity funds, they may also notice changes in the individuals managing those funds, known as fund managers.
Typically, investors are drawn to funds based on their historical performance. Especially for newcomers, a fund’s reputation and the prominence of its managing firm play significant roles in investment decisions. But is this cause for worry? The answer is nuanced. Assessing the impact of a change in fund management on performance is challenging. Various factors such as investment mandate, institutional backing, and market conditions influence a fund’s performance, making it hard to pinpoint the specific impact of managerial changes.
Recently three Mutual Fund AMCs announced changes in fund managers of their few schemes given as follows –
PGIM India Mutual Fund has announced some changes in the fund manager for its below-mentioned funds, with effect from March 29, 2024:
| Schemes | Existing Fund Managers | Revised Fund Managers |
| PGIM India Emerging Markets Equity Fund | Ojasvi Khicha | Chetan Gindodia |
| PGIM India Global Equity Opportunities Fund | Ojasvi Khicha | Chetan Gindodia |
| PGIM India Global Select Real Estate Securities FoF | Ojasvi Khicha | Chetan Gindodia |
| PGIM India Balanced Advantage Fund | Vinay Paharia, | Vinay Paharia, |
| Anandha Padmanabhan Anjeneyan, | Anandha Padmanabhan Anjeneyan, | |
| Puneet Pal and | Puneet Pal and | |
| Hitash Dang | Chetan Chavan | |
| PGIM India Arbitrage Fund | Puneet Pal and | Chetan Chavan and |
| Hitash Dang | Puneet Pal | |
| PGIM India Equity Savings Fund | Vinay Paharia, | Vinay Paharia, |
| Anandha Padmanabhan Anjeneyan, | Anandha Padmanabhan Anjeneyan, | |
| Puneet Pal and | Puneet Pal and | |
| Hitash Dang | Chetan Chavan |
HSBC Mutual Fund has announced some changes in the fund management for the following funds, with effect from April 1, 2024:
| Schemes | Existing Fund Managers | Revised Fund Managers |
| HSBC Multi Cap Fund | Neelotpal Sahai, Venugopal Manghat and Kapil Punjabi | Venugopal Manghat and Gautam Bhupal |
| HSBC Flexi Cap Fund | Abhishek Gupta and Neelotpal Sahai | Abhishek Gupta and Venugopal Manghat |
| HSBC Large and Mid-Cap Fund | Cheenu Gupta and Neelotpal Sahai | Cheenu Gupta and Abhishek Gupta |
| HSBC Managed Solutions India Growth Fund | Neelotpal Sahai and Gautam Bhupal | Gautam Bhupal and Cheenu Gupta |
| HSBC Managed Solutions India Moderate Fund | Neelotpal Sahai and Gautam Bhupal | Gautam Bhupal and Cheenu Gupta |
| HSBC Managed Solutions India Conservative Fund | Neelotpal Sahai and Gautam Bhupal | Gautam Bhupal and Cheenu Gupta |
| HSBC Conservative Hybrid Fund | Mahesh A Chhabria and Cheenu Gupta | Mahesh A Chhabria, Cheenu Gupta and Abhishek Gupta |
| HSBC Equity Savings Fund | Neelotpal Sahai, Praveen Ayathan, Hitesh Gondhia and Mahesh A Chhabria | Cheenu Gupta, Abhishek Gupta, Praveen Ayathan, and Mahesh Chhabria |
Bajaj Finserv Mutual Fund has announced some changes in the fund manager for its below-mentioned funds, with effect from March 28, 2024.
| Schemes | Existing Fund Managers | Revised Fund Managers |
| Bajaj Finserv Arbitrage Fund | Ilesh Savla, Siddharth Chaudhary and Chetan Chavan | Ilesh Savla and Siddharth Chaudhary |
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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.
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