IDFC: Change in fund manager and benchmark

By Morningstar |  31-01-19 | 
 

Change in benchmark index

IDFC Mutual Fund has approved change in the benchmark of following schemes with effect from 1 February 2019 as under:

IDFC Ultra Short-Term Fund

  • Existing Benchmark: CRISIL Liquid Fund Index
  • Revised Benchmark: NIFTY Ultra Short Duration Debt Index

IDFC Government Securities Fund – Investment Plan

  • Existing Benchmark: I-Sec Composite Index
  • Revised Benchmark: CRISIL Dynamic Gilt Index

Appointment of Fund Manager and Key Personnel

IDFC Mutual Fund has announced that Brijesh Shah has been appointed as fund manager in the fixed income team with effective from 1 February 2019 and will be designated as the key personnel of the AMC.

Details of Brijesh Shah

  • Age: 32 years
  • Designation: Deputy Manager – Fund Management
  • Qualification: Post Graduate Diploma in Finance

Change in fund manager:

Consequent to appointment of Brijesh Shah as fund manager, the scheme IDFC Overnight Fund will be managed by the new fund manager as stated below effect from 1 February 2019:

  • Existing Fund Manager: Harshal Joshi
  • New Fund Manager: Brijesh Shah
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