HDFC Mutual Fund has announced changes in the fund management responsibilities of several schemes, effective September 1, 2026. According to reports from HDFC MF, the changes affect multiple variants of the HDFC Retirement Fund scheme, with the fund house maintaining continuity in some roles while introducing new leadership in others.
The fund house has made Chirag Setalvad the new equity fund manager for the HDFC Retirement Fund - Equity Plan, replacing Srinivasan Ramamurthy. As reported by HDFC MF, the existing debt fund manager Anupam Joshi and arbitrage fund managers Arun Agarwal and Nandita Menezes will continue in their respective roles. The changes are being implemented across all three variants of the HDFC Retirement Fund - Equity, Hybrid Debt, and Hybrid Equity plans.
Despite the leadership change in the equity segment, HDFC MF has maintained continuity in other key positions. According to the announcement, Anupam Joshi will continue as the debt fund manager across all three variants, while Arun Agarwal and Nandita Menezes will continue managing the arbitrage components. This approach suggests a measured transition strategy while ensuring consistency in the fund's core investment approaches.
The HDFC Retirement Fund - Equity Plan is currently trading at ₹56.28 with an asset size of ₹7,013.69 crore. As per latest data, the fund has delivered returns of 1.22% in the last month, -0.14% over six months, and 10.78% over one year. The fund is benchmarked against the NIFTY 500 Total Return Index and follows a growth-oriented investment style with approximately 95% allocation to equities.
