ITI Mutual Fund has announced a reshuffle in fund management responsibilities for several of its schemes, effective February 1, 2025. The changes impact important funds, bringing in a new approach while retaining some continuity.
ITI Mutual Fund has announced changes in fund management across multiple schemes, with the revised responsibilities set to take effect very soon. The reshuffle involves key personnel adjustments, with Laukik Bagwe replacing Rajesh Bhatia in several schemes, while certain co-fund managers retain their roles.
Below is a detailed breakdown of the updated fund management structure:
Scheme(s) | Existing Fund Managers | New Fund Managers |
ITI Arbitrage Fund | Rajesh Bhatia, Rohan Korde (Co-Fund Manager), and Vikas Nathani (Co-Fund Manager) | Laukik Bagwe, Rohan Korde (Co-Fund Manager), and Vikas Nathani (Co-Fund Manager) |
ITI Balanced Advantage Fund | Rohan Korde (Co-Fund Manager) and Rajesh Bhatia (Equity and Foreign Securities) | Laukik Bagwe, Rohan Korde (Co-Fund Manager), and Rajesh Bhatia (Equity and Foreign Securities) |
ITI Banking & PSU Debt Fund | Rajesh Bhatia | Laukik Bagwe |
ITI Dynamic Bond Fund | Rajesh Bhatia | Laukik Bagwe |
ITI Liquid Fund | Rajesh Bhatia | Laukik Bagwe |
ITI Overnight Fund | Rajesh Bhatia | Laukik Bagwe |
ITI Ultra Short Duration Fund | Rajesh Bhatia | Laukik Bagwe |
These fund management changes are set to take effect from February 1, 2025. Investors in these schemes may refer to official ITI Mutual Fund communications for further details. Fund manager transitions occur periodically across the industry and are part of ongoing operational decisions taken by asset management companies.
All in all, ITI Mutual Fund has announced updates in fund management across multiple schemes, appointing Laukik Bagwe to oversee certain funds previously managed by Rajesh Bhatia. These changes will be implemented soon.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.
Published on: Jan 31, 2025, 3:33 PM IST
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