MUTUAL FUNDS
HDFC AMC announces change in Information of Key Personnel and Fund Managers
Sep-10-2026

HDFC Asset Management Company (AMC) has announced addendum to the Scheme Information Documents (SIDs) and Key Information Memorandums (KIMs) of Select Schemes and Statement of Additional Information (SAI) of HDFC Mutual Fund. 

HDFC Mutual Fund has informed that, Ihab Dalwai has been appointed as Senior Member - Investments (Equity) with effect from September 07, 2026 and is designated as a Key Personnel of HDFC AMC. He will be re-designated as ‘Senior Fund Manager - Equities’ with effect from September 11, 2026.

Further, the Fund Managers of the following Schemes of the Fund shall stand revised as under from September 11, 2026 (‘Effective Date’).

The Fund Managers of HDFC Balanced Advantage Fund stands revised from Gopal Agrawal, Srinivasan Ramamurthy, Arun Agarwal, Nandita Menezes & Anil Bamboli to Gopal Agrawal, Ihab Dalwai, Arun Agarwal, Nandita Menezes & Anil Bamboli.

The Fund Manager of HDFC Diversified Equity All Cap Active FOF stands revised from Srinivasan Ramamurthy to Ihab Dalwai and the Fund Manager of HDFC Housing Opportunities Fund stands revised from Srinivasan Ramamurthy to Ashish Shah.

The Fund Managers of HDFC Equity Savings Fund stands revised from Anil Bamboli (Debt Assets), Srinivasan Ramamurthy (Equity Assets), Arun Agarwal / Nandita Menezes (Arbitrage Assets), Bhagyesh Kagalkar (Gold/Silver Instruments) to Anil Bamboli (Debt Assets), Anand Laddha (Equity Assets), Arun Agarwal / Nandita Menezes (Arbitrage Assets) & Bhagyesh Kagalkar (Gold/Silver Instruments).

The Fund Managers of HDFC Conservative Hybrid Fund stands revised from Anupam Joshi (Debt Assets), Srinivasan Ramamurthy (Equity Assets), Bhagyesh Kagalkar (Gold/Silver Instruments) to Anupam Joshi (Debt Assets), Anand Laddha (Equity Assets) & Bhagyesh Kagalkar (Gold/Silver Instruments).

The Fund Managers of HDFC Multi Asset Allocation Fund stands revised from Srinivasan Ramamurthy (Equity Assets), Anil Bamboli (Debt Assets), Arun Agarwal / Nandita Menezes (Arbitrage Assets) & Bhagyesh Kagalkar (Commodities) to Ihab Dalwai (Equity Assets), Anil Bamboli (Debt Assets), Arun Agarwal / Nandita Menezes (Arbitrage Assets), Bhagyesh Kagalkar (Commodities).

The Fund Managers of HDFC Multi-Asset Active FOF stands revised from Srinivasan Ramamurthy (Equity Assets), Anil Bamboli (Debt Assets) & Bhagyesh Kagalkar (Gold ETF Schemes) to Ihab Dalwai (Equity Assets), Anil Bamboli (Debt Assets) & Bhagyesh Kagalkar (Gold ETF Schemes).

The Fund Managers of HDFC Aggressive Hybrid Fund stands revised from Srinivasan Ramamurthy (Equity Assets), Anupam Joshi (Debt Assets) & Bhagyesh Kagalkar (Gold/Silver Instruments) to Ihab Dalwai (Equity Assets), Anupam Joshi (Debt Assets), Bhagyesh Kagalkar (Gold/Silver Instruments).
Gopal Agrawal is the Fund Manager for Overseas Investments.

The details of Ihab Dalwai stand inserted in the section ‘Information on Key Personnel’ appearing in the SAI of the Fund as under: Ihab Dalwai (39 years) is a qualified Chartered Accountant, has cleared CFA Level 3 from CFA Institute, USA and holds a B.Com degree. He has 15 years of experience as equity research analyst and equity fund manager. Prior to joining HDFC AMC, Mr Dalwai was associated with ICICI Prudential Asset Management Company as Senior Fund Manager – Equity from April 04, 2011 to September 04, 2026.

All other terms and conditions of the SIDs, KIMs of the Schemes and SAI of the Fund will remain unchanged. This addendum shall form an integral part of the SIDs, KIMs of the Schemes and SAI of the Fund as amended from time to time.


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