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Principal MF gets new Fund Managers

Shobit Gupta has been appointed as the Key Personnel of Principal Pnb Asset Management Company and designated as the Head- Fixed Income of Prinicipal Mutual Fund w.e.f September 29, 2009. Gupta holds PGDBA degree and CFA Charter from AIMR, USA. He has over 12 years of experience in Fixed Income Fund Management and Foreign Exchange Trading. He has been associated with ING Mutual Fund, Reliance Mutual Fund, ABN AMRO Bank and others. The following schemes would be managed by him:
Principal Income Fund, Principal Floating Rate Fund, Principal Cash Management Fund, Principal Money Manager Fund, Principal Ultra Short Term Fund, Principal Government Securities Fund, Principal Pnb Fixed Maturity Plan - 385 days- Series XI.

Rajat Jain, Chief Investment Officer shall be the fund manager of Principal Large Cap Fund in addition to his responsibility as fund manager of Principal Global Opportunities Fund.
Pursuant to their resignation, Badrish Kulhalli, Senior Fund Manager and Pramod Gupta, Fund Manager, have ceased to be key personnel of the Principal Pnb AMC.