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Essel Mutual Fund has announced that Mr. Archit Shah ceases to be the fund manager and key personnel of the AMC with effect from the close of business hours of Apr 20, 2020. Accordingly, Essel Equity Hybrid Fund, Essel Ultra Short Term Fund and Essel Liquid Fund shall be solely managed by Mr. Saravana Kumar. Essel 3 in 1 Fund and Essel Regular Savings Fund shall be jointly managed by Mr. Suraj Makhija (Equity Portion) and Mr. Saravana Kumar (Debt Portion). Essel Arbitrage Fund will be jointly managed by Mr. Pradeep Sukte (Equity Portion) and Mr. Saravana Kumar (Debt Portion).