IDBI Mutual Fund has announced that Mr. Gautam Kaul will cease to be the fund manager –fixed income and key personnel of the IDBI AMC with effect from Dec 2. Accordingly, the funds managed by Mr. Kaul shall now be managed by Mr. Ganti Murthy, with effect from Dec 3. Mr. Murthy shall be the fund manager of IDBI Liquid Fund, IDBI Ultra Short Term Fund, IDBI Corporate Debt Opportunities Fund, and IDBI Prudence Fund (debt portion), in addition to the schemes managed by him at present.