Roshi Jain Exits HDFC MF; New Managers for Flexi Cap, Focused, ELSS Funds Announced

• Roshi Jain has left HDFC Mutual Fund, leading to changes in fund management for three key equity schemes.
• Chirag Setalvad will now manage HDFC Flexi Cap Fund, while Gopal Agarwal and Amar Kalkundrikar take over HDFC Focused Fund and HDFC ELSS Tax Saver Fund, respectively.
• The changes are effective December 8, 2025; Amar Kalkundrikar joined HDFC AMC in August from Nippon India Asset Management.
• Roshi Jain previously managed HDFC Flexi Cap Fund (AUM ~Rs 90,000 cr) and two other funds (combined AUM ~Rs 40,000 cr), having joined after Prashant Jain's departure in 2022.
• All other scheme provisions in SIDs, KIMs, and SAI remain unchanged.

Why It Matters: HDFC Mutual Fund sees fund manager reshuffle after Roshi Jain's departure, impacting key equity schemes.