IDFC Mutual Fund has appointed new fund managers for some of its funds, previously managed by Ms. Meenakshi Dawar, effective from Mar 1. Sumit Agrawal and Arpit Kapoor will manage IDFC Equity Fund, IDFC Dynamic Equity Fund (Equity portion), IDFC Nifty Fund, IDFC Asset Allocation Fund of Funds - Conservative Plan, Moderate Plan and Aggressive Plan, while Yogik Pitti and Arpit Kapoor will manage IDFC Arbitrage Fund (Equity portion) and IDFC Arbitrage Plus Fund (Equity portion).