IDBI Mutual Fund elevates Balasubramanian as CIO from Sep 5

IDBI Mutual Fund has elevated V Balasubramanian as Chief Investment Officer with effect from September 5, a notice from the fund house said today.

Earlier, Balasubramanian was Head of Equities and Fund Manager at the fund house.

The mutual fund also notified that Anshul Sharma who was the equity fund manager at IDBI MF ceases to be the fund manager in all the schemes with effect from Sep 4.

Subsequently, Uma Venkatraman has been designated as Vice President and equity fund manager, while Ashish Mishra has been appointed as Associate Vice President and equity fund manager.

Here’s Why You Should Invest In Equity Mutual Funds

The schemes which were earlier managed by Balasubramanian and Sharma will now be managed by the new fund managers.

Below is the list of schemes and its fund managers:

Scheme Name                                                 New Fund Manager                       

IDBI India Top 100 Equity Fund                 Venkatraman

IDBI Nifty Index Fund                                 Venkatraman

IDBI Nifty Junior Index Fund                      Venkatraman

IDBI Monthly Income Plan                          Venkatraman

IDBI Small Cap Fund                                    Venkatraman

IDBI Diversified Equity Fund                       Mishra

IDBI Gold Fund                                             Mishra

IDBI Gold ETF                                               Mishra

IDBI Midcap Fund                                        Mishra

All other features of these schemes will remain unchanged: