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Change in Fund Manager under Bharti AXA Mutual Fund

Bharti AXA Mutual Fund has announced with effect from March 14, 2011, Mr. Prateek Agrawal, current Fund Manager under Bharti AXA Equity Fund, Bharti AXA Tax Advantage Fund and Bharti AXA Focused Infrastructure Fund will cease to be the fund manager of the scheme.

Subsequently, Mr. Gaurav Kapur, Senior Manager- Equity, has been designated as the new fund manager of the above mentioned schemes with effect from March 15, 2011.

Mr. Gaurav Kapur is a CA and has also done MBA as well as CFA. He has around 6 years of experience including 5 years in research and fund management in asset management industry. His previous experience includes assignment with Birla Sun Life Asset Management Company, Aditya Birla Management Corporation Limited.