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4 Reliance Funds to Have New Managers

Effective February 12, 2005, HDFC Cash Management Fund (Saving Plus Plan), HDFC Gilt Fund (Long-term and Short-term Plan), HDFC Sovereign Gilt Fund (Savings Plan, Investment Plan & Provident Plan), and HDFC Cash Management Fund (Savings Plan & Call Plan) would have new managers. While Shabbir Kapasi would manage the first three funds, Anil Bamboli would look after the affairs of HDFC Cash Management Fund (Savings Plan & Call Plan). The changes have been effected as Mustafa Mahmood, who used to manage the above-mentioned funds, has submitted his resigned.