ICICI Prudential Asset Management Company (AMC) has announced changes in fund managers for thirty of its schemes. Notable among these are the ICICI Prudential Balanced Advantage, ICICI Prudential Liquid, and ICICI Prudential Multi-Asset Fund.
Live TV
Loading...
The changes, set to take effect immediately, involve alterations to these fund managers:
| Scheme(s) | Existing | Revised |
|---|---|---|
| ICICI Prudential Nifty 5 yr Benchmark G-SEC ETF | Anuj Tagra andRohit Lakhotia | Rohit Lakhotia andDarshil Dedhia |
| ICICI Prudential Equity & Debt Fund | Sankaran Naren,Mittul Kalawadia,Manish Banthia,Nikhil Kabra andSri Sharma | Sankaran Naren,Mittul Kalawadia,Manish Banthia,Akhil Kakkar andSri Sharma |
| ICICI Prudential Banking & PSU Debt Fund | Rohit Lakhotia andChandni Gupta | Rohit Lakhotia andRohan Maru |
| ICICI Prudential Multi Asset Fund | Sankaran Naren,Ihab Dalwai,Anuj Tagra,Gaurav Chikane andSri Sharma | Sankaran Naren,Ihab Dalwai,Manish Banthia,Akhil Kakkar,Gaurav Chikane andSri Sharma |
| ICICI Prudential Balanced Advantage Fund | Sankaran Naren,Rajat Chandak,Ihab Dalwai,Manish Banthia,Ritesh Lunawat andSri Sharma | Sankaran Naren,Rajat Chandak,Ihab Dalwai,Manish Banthia,Akhil Kakkar andSri Sharma |
| ICICI Prudential Fixed Maturity Plan - Series 85 10 Years Plan I | Anuj Tagra andDarshil Dedhia | Darshil Dedhia andRohit Lakhotia |
| ICICI Prudential Fixed Maturity Plan - Series 88 1226 Days Plan F | Anuj Tagra andDarshil Dedhia | Darshil Dedhia andRohit Lakhotia |
| ICICI Prudential Fixed Maturity Plan - Series 88 1303 Days Plan S | Anuj Tagra andDarshil Dedhia | Darshil Dedhia andRohit Lakhotia |
| ICICI Prudential Savings Fund | Rohan Maru,Darshil Dedhia andManish Banthia | Rohan Maru andDarshil Dedhia |
| ICICI Prudential Child Care Fund-Gift Plan | Lalit Kumar,Chandni Gupta andRohit Lakhotia | Lalit Kumar,Darshil Dedhia andRohit Lakhotia |
| ICICI Prudential Gilt Fund | Anuj Tagra andRohit Lakhotia | Manish Banthia andRaunak Surana |
| ICICI Prudential Nifty G-Sec Dec 2030 Index Fund | Chandni Gupta andRohit Lakhotia | Darshil Dedhia andRohit Lakhotia |
| ICICI Prudential Nifty 10 yr Benchmark G-Sec ETF | Anuj Tagra andDarshil Dedhia | Darshil Dedhia andRohit Lakhotia |
| ICICI Prudential Regular Savings Fund | Manish Banthia,Ritesh Lunawat andRoshan Chutkey | Manish Banthia,Akhil Kakkar andRoshan Chutkey |
| ICICI Prudential Long Term Bond Fund | Anuj Tagra andRohit Lakhotia | Manish Banthia andRaunak Surana |
| ICICI Prudential Bond Fund | Chandni Gupta andRohit Lakhotia | Manish Banthia andRitesh Lunawa |
| ICICI Prudential Liquid Fund | Manish Banthia,Rohan Maru,Darshil Dedhia andNikhil Kabra | Rohan Maru,Darshil Dedhia andNikhil Kabra |
| ICICI Prudential Medium Term Bond Fund | Manish Banthia andRitesh Lunawat | Manish Banthia andAkhil Kakkar |
| ICICI Prudential All Seasons Bond Fund | Manish Banthia andAnuj Tagra | Manish Banthia andNikhil Kabra |
| ICICI Prudential Constant Maturity Gilt Fund | Anuj Tagra andRohit Lakhotia | Manish Banthia andRaunak Surana |
| ICICI Prudential Nifty SDL Sep 2027 Index Fund | Chandni Gupta andRohit Lakhotia | Darshil Dedhia andRohit Lakhotia |
| ICICI Prudential Nifty PSU Bond Plus SDL Sep 2027 40:60 Index Fund | Chandni Gupta andRohit Lakhotia | Darshil Dedhia andRohit Lakhotia |
| ICICI Prudential Credit Risk Fund | Manish Banthia andRitesh Lunawat | Manish Banthia andAkhil Kakkar |
| ICICI Prudential Retirement Fund - Hybrid Aggressive Plan | Lalit Kumar,Chandni Gupta andRohit Lakhotia | Lalit Kumar,Darshil Dedhia andRohit Lakhotia |
| ICICI Prudential Retirement Fund - Hybrid Conservative Plan | Lalit Kumar,Chandni Gupta andRohit Lakhotia | Lalit Kumar,Darshil Dedhia andRohit Lakhotia |
| ICICI Prudential Retirement Fund - Pure Debt Plan | Chandni Gupta andRohit Lakhotia | Darshil Dedhia andRohit Lakhotia |
| ICICI Prudential Nifty SDL Sep 2026 Index Fund | Chandni Gupta andRohit Lakhotia | Darshil Dedhia andRohit Lakhotia |
| ICICI Prudential Nifty SDL Dec 2028 Index Fund | Chandni Gupta andRohit Lakhotia | Darshil Dedhia andRohit Lakhotia |
| ICICI Prudential Corporate Bond Fund | Anuj Tagra andRohit Lakhotia | Manish Banthia andRitesh Lunawat |
(Source: Value Research)
Impact on investors: What to watch for?
With such significant changes in fund management, it's natural for investors to have concerns about the potential impact on their investments.
Financial experts suggest that while the effects may not be immediate or drastic, investors should exercise vigilance during such transitions.
Here are some key considerations:
Closely monitor the fund
Keep a close eye on the mutual fund's performance and any changes in investment strategy after the new manager takes charge.
Excessive and frequent portfolio changes could indicate potential risks. If there's a prolonged decline in performance or drastic portfolio turnover, it might be advisable to reconsider the investment.
Alignment with fund objectives
Assess whether the new manager's approach aligns with the defined mission of the fund. Increased emphasis on specific securities or industries might heighten the fund's risk profile.
Performance expectation
Investors should understand that a slight decline in performance after managerial changes is normal.
One should allow time for the new manager to comprehend the portfolio dynamics before expecting significant improvements. Patience during this adjustment period could potentially yield improved performance.
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
Odisha: Fight of heavyweights in Sambalpur where farmers, weavers hold the key
May 17, 2024 10:22 AM
Lok Sabha Election 2024: What rural Delhi wants
May 16, 2024 10:10 PM
Over 50 onion farmers detained in Nashik ahead of PM Modi's visit
May 16, 2024 11:14 AM
Why Google CEO is cautiously optimistic about the election year
May 16, 2024 9:51 AM