The mutual fund industry is witnessing significant changes in fund management structures, with both DSP Mutual Fund and Mahindra Manulife Mutual Fund announcing management changes for their respective schemes. According to latest reports, these changes reflect the industry's evolving approach to fund management and team dynamics, with multiple schemes across different AMCs undergoing similar transitions.
DSP Mutual Fund has announced changes in the fund management responsibilities of its DSP Banking & Financial Services Fund. According to reports from the fund house, the fund will now be managed by Vinit Sambre and Preethi R S with effect from September 25, 2026. This change represents a shift from a single fund manager to a co-managed structure, marking a significant change in the fund's management approach and team composition.
Mahindra Manulife Mutual Fund has declared changes in the fund management responsibilities of several schemes, effective September 25, 2026. The changes include the Mahindra Manulife Balanced Advantage Fund, where Hemang Kapasi will join the existing team of Neelesh Dhamnaskar (Equity) and Amit Garg (Debt), while Rahul Pal (Debt) remains unchanged. The Mahindra Manulife Consumption Fund will see Navin Matta join Hemang Kapasi as co-fund manager, and the Mahindra Manulife ELSS Tax Saver Fund will have Hemang Kapasi and Neelesh Dhamnaskar as co-fund managers. The Mahindra Manulife Large Cap Fund will see Kirti Dalvi join Hemang Kapasi as co-fund manager.
Both fund houses have set September 25, 2026 as the implementation date for their respective management changes. The new co-managed structures will take effect on this date, providing investors with a clear transition timeline. According to the fund house announcements, these changes reflect the mutual fund industry's evolving approach to fund management and team dynamics, with multiple schemes across different AMCs undergoing similar transitions.
