
HSBC Mutual Fund has announced a change in the fund management responsibilities consequent to Mr. Kedar Karnik's resignation.
With effect from September 22, 2012, HSBC Fixed Term Series 82, 83, 86 will be managed by Ruchir Parekh solely. HSBC Floating Rate -LT , Cash Fund and Ultra Short Term Bond Fund will be managed by Ruchir Parekh and Sanjay Shah.