Roshi Jain Exits HDFC MF; New Fund Managers Appointed for Key Equity Schemes

• Roshi Jain has exited HDFC Mutual Fund, leading to changes in fund management for three major equity schemes.
• Effective December 8, 2025, Chirag Setalvad will manage HDFC Flexi Cap Fund, Gopal Agrawal will take over HDFC Focused Fund, and Amar Kalkundrikar will manage HDFC ELSS Tax Saver Fund.
• Jain previously managed the flagship HDFC Flexi Cap Fund (AUM ~Rs 90,000 crore) and two other funds with a combined AUM of ~Rs 40,000 crore.
• HDFC Flexi Cap Fund has consistently outperformed benchmarks, delivering strong returns of over 18% across 3, 5, and 7-year periods.
• Amar Kalkundrikar joined HDFC AMC in August, bringing experience from Nippon India Asset Management.

Why It Matters: HDFC Mutual Fund announces new fund managers for three key equity schemes following Roshi Jain's exit.