Nippon India Mutual Fund changes fund manager for three schemes

Nippon India Mutual Fund has changed the fund manager for its three schemes: Nippon India Small Cap Fund, Nippon India Multi Asset Fund, and Nippon India Focused Equity Fund.

The fund house informed about this to its unitholders through a notice-cum-addedndum.

The changes are effective from May 1.


The fund house informed that two fund managers - Prateek Poddar and Tejas Sheth - have resigned from the fund house with effect from close of business hours of April 30.

After the resignation of these two fund managers, the changes in the fund management are as below:

These schemes are from smallcap, multi-asset allocation, and focused fund categories.

Nippon India Small Cap Fund is the largest scheme in the smallcap category based on assets managed. The scheme manages assets of Rs 45,749.06 crore.

Nippon India Multi Asset Fund and Nippon India Focused Equity Fund manage assets of Rs 2,905.32 crore and Rs 7,607.83 crore respectively.

The fund house also informed that this addendum forms an integral part of SID / KIM / SAI and all the other terms and conditions of the aforesaid document read with the addenda issued from time to time will remain unchanged.