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Fund Management Changes at Religare Mutual

Mr. Abbas Ratnani - Fund Manager - Equity, has resigned from the services of Religare AMC with effect from January 28, 2011.Subsequent to his resignation, Mr. Vetri Subramaniam has been appointed as the new fund manager for Religare Arbitrage Fund, Religare AGILE Fund and Religare AGILE Tax Fund.

With effect from January 18, 2011, Mr. Krishna Venkat Cheemalapati has been appointed as Fund Manager - Fixed Income. He has more than 13 years of experience in Fixed Income Market. Prior to joining Religare Mutual Fund, he was the Chief Investment Officer at Reliance General Insurance Company Ltd.