ICICI Prudential Shakes Up Fund Management: What Investors Need to Know
ICICI Prudential Asset Management Company Limited is making waves in the investment community with a significant reshuffle of fund managers across 30 of its mutual fund schemes. This move impacts several high-profile funds, including ICICI Prudential Balanced Advantage, ICICI Prudential Liquid, and ICICI Prudential Multi-Asset Fund. Here’s what you need to know about these changes and how they could affect your investments. Who’s Out and Who’s In? The recent updates to the scheme information documents reveal that Anuj Tagra and Chandni Gupta will no longer manage their respective portfolios. Tagra, who joined ICICI Prudential in 2013, oversaw assets worth ₹74,278 crore by December 2023. Gupta, with the firm since 2012, managed ₹25,290 crore. Their departures are among the most notable changes: ICICI Prudential Multi-Asset Fund : The new managers are Sankaran Naren, Ihab Dalwai, Manish Banthia, Akhil Kakkar, Gaurav Chikane, and Sri Sharma. ICICI Prudential Banking...