ICICI Prudential Mutual Fund has announced changes in the fund management responsibilities of several schemes, effective August 1, 2026. According to the fund house announcement, the changes affect multiple schemes across different categories including equity, debt, and international funds. The changes represent a significant restructuring of the fund management team across the mutual fund house's portfolio.
The most notable change involves the ICICI Prudential Aggressive Hybrid Active FoF, where the existing fund managers Ritesh Lunawat and Sankaran Naren (Equity) will be replaced by Ritesh Lunawat, Dharmesh Kakkad and Manish Banthia (Debt). Similarly, the ICICI Prudential Equity & Debt Fund will see the removal of Sankaran Naren from the equity team, while the ICICI Prudential Global Stable Equity Fund (FOF) will see Masoomi Jhurmarvala and Sharmila D'Silva replaced by Venus Ahuja and Sharmila D'Silva in the foreign securities co-management role.
The ICICI Prudential ESG Exclusionary Strategy Fund will see Mittul Kalawadia replaced by Ayush Shah and Mittul Kalawadia, while the ICICI Prudential NASDAQ 100 Index Fund will see Nitya Mishra and Sharmila D'Silva replaced by Venus Ahuja, Nitya Mishra and Sharmila D'Silva in the foreign securities management. The ICICI Prudential US Bluechip Equity Fund will see Nitya Mishra, Ritesh Lunawat and Sharmila D'Silva replaced by Venus Ahuja, Nitya Mishra, Ritesh Lunawat and Sharmila D'Silva.
Despite the changes, several existing fund managers will continue their roles across different schemes. Nitya Mishra will remain as fund manager for the ICICI Prudential Equity & Debt Fund, while Sharmila D'Silva will continue managing derivatives and foreign securities across multiple schemes including the ICICI Prudential Multi Asset Fund and ICICI Prudential NASDAQ 100 Index Fund. Akhil Kakkar will continue managing debt in the ICICI Prudential Equity & Debt Fund, and Sri Sharma will continue managing derivatives in the ICICI Prudential Multi Asset Fund.
