HDFC MF Changes Its Fund Management Team

HDFC mutual fund has announced that Mr Shabbir Kapasi, Vice President- Fixed Income has resigned from the services of HDFC Asset Management Company. From 1 September 2007, Mr Shobhit Mehrotra and Mr Anil Bamboli will manage the scheme managed by Mr Kapsi. Mr Shobhit Mehrotra will act as fund manager for HDFC Income Fund, HDFC High Interest Fund- Short Term Plan and HDFC mutual fund Monthly Income Plan- Long Term Plan (Debt). Mr Anil Bamboli will act as fund manager for HDFC Gilt fund- Long-term plan and Short-term plan and for HDFC Cash Management Fund- Savings Plus Plan. The change will come into effect from 1 September 2007.

Source : www.indian-commodity.com