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Ritesh Kumar quits IDFC Mutual Fund

IDFC Mutual Fund has announced that with effect from March 25, 2011 Mr. Ritesh Kumar ceases to be a key personnel of IDFC Asset Management Company Limited.

Subsequent to his resignation, Mr. Kenneth Andrade and Mr. Suyash Choudhary jointly shall be the fund manager for the IDFC Arbitrage Fund and IDFC Arbitrage Plus Fund, with effect from March 25, 2011.

Mr. Kenneth Andrade is Head Investments. He has done B.Com and has around 15 years of experience in Equity Research & Fund Management.

Mr. Suyash Choudhary is Head of Fixed Income. He has done PGDBM from IIM Calcutta and has an overall experience of over ten years.