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What will be the impact of Navneet Munot leaving SBI Mutual Fund?

Navneet Munot was a key figure in the investment team but the equity team of SBI Mutual Fund is still strong, says Ashutosh Gupta

What will be the impact of Navneet Munot leaving SBI Mutual Fund? Will SBI mutual fund schemes start underperforming?
- Amitabh Narula

I think that's a premature conclusion to draw. If you look at the equity franchise of SBI Mutual Fund, you will see that it is fairly strong. They have competent equity fund managers, such as R. Srinivasan, Anup Upadhyay, Sohini Andani, etc. So, they have a fairly credible lineup of equity fund managers. Of course, Navneet Munot has been a key figure in their investment management team but given that there are so many other credible fund managers around, I'd like to believe that his exit should not have a material impact on the performance of the funds or the performance of the funds should not get derailed.

But I'll further suggest that as in the case of the exit of any key personnel from the investment management team, one should closely monitor these funds and give these funds a minimum of one to one-and-a-half years before coming to any conclusion. This is something that we, at Value Research, also plan to do.

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