HDFC Mutual Fund announces key fund manager changes across multiple schemes. Details here

HDFC Mutual Fund has issued an addendum to the Scheme Information Documents (SIDs) and Key Information Memorandums (KIMs) of select schemes, along with revisions to the Statement of Additional Information (SAI) of HDFC Mutual Fund.

At the same time, Shobhit Mehrotra will cease to be Head, Fixed Income from March 7, 2026. He will take up a new role as Head, New Initiatives, Fixed Income at the AMC with effect from March 16, 2026. All references to Mehrotra in the SAI have been updated accordingly.

The fund house has also revised the fund managers for several schemes with effect from March 7, 2026. The fund management of HDFC Credit Risk Debt Fund will shift from Mehrotra to Praveen Jain and Bhavyesh Divecha. HDFC Floating Rate Debt Fund will now be managed by Bamboli instead of Mehrotra.

In HDFC Medium Term Debt Fund, the fund management team will now consist of Divecha, Jain and Bamboli, replacing the earlier team of Divecha and Mehrotra.

In the HDFC Retirement Savings Fund across Equity, Hybrid Debt and Hybrid Equity Plans, Joshi will manage the debt assets instead of Mehrotra. Arun Agrawal and Nandita Menezes will continue to manage arbitrage assets, while Ramamurthy will oversee equity investments. Dhruv Muchhal will remain the dedicated fund manager for overseas investments.

All other terms and conditions of the SIDs, KIMs and SAI remain unchanged. The addendum forms an integral part of the scheme documents as amended from time to time.

Disclaimer: This article is written purely for informational purposes and should not be considered investment advice from Upstox. Investors should do their own research or consult a registered financial advisor before making investment decisions.