What should you do with mutual fund investments when fund manager or CIO quits?
If your fund house lacks processes and over-relied on the individual fund manager, then it might be the time to move your mutual fund investments December 28, 2020 / 01:36 PM IST
After spending 12 years at SBI Mutual Fund (MF) as its chief investment officer (CIO), Navneet Munot resigned from his role last month. He will be joining HDFC MF as its new managing director and chief executive officer, in the place of Milind Barve.
Over the years, many fund houses have sharpened and institutionalised their process of how they pick stocks and sectors. Yet the human element cannot be ruled as these are actively-managed funds. And the buck stops at the CIO’s table who heads the investment team. So, when a CIO or fund manager leaves, how much does your scheme get impacted?