Subsequent to the resignation of Mr. Pankaj Tibrewal as fund manager, Principal Asset Management Mutual Fund has announced the following changes in fund managers, with effect from January 11, 2010:
- Mr. Shyam Bhat will now manage Principal MIP, Principal MIP Plus, Principal Pnb Long Term Equity 3Y Series I, Principal Pnb Long Term Equity 3Y Series II.
- Mr. Rajat Jain will now manage Principal Balanced, Principal Child Benefit, Principal Personal Tax Saver, Principal Emerging Bluechip.