Mr Deepak Arackal appointed as fund manager for ING Global Real Estate and ING Latin America Equity

Mr Paras Adenwala Vice President and Director-Research and Investment, has resigned from ING Investment Management. He has been replaced by Mr Deepak Arackal, who has been appointed as fund manager for ING Global Real Estate and ING Latin America Equity.
SBI Mutual Fund (a joint venture between State Bank of India and Societe Generale Asset Management) has appointed Mr Navneet Munot as Chief Investment Officer (CIO) with effect from December 12.
Bharti AXA Mutual Fund has launched Bharti AXA Tax Advantage Fund an open ended equity linked saving scheme. The face value is Rs 10 per unit. The fund offers two plan eco and regular with growth and dividend options. The fund will charge an entry load of 2.25 per cent. The fund will be managed by Mr Prateek Agarwal.
ICICI Prudential Mutual Fund has changed some fundamental attributes of its scheme, ICICI Prudential Technology Fund. The benchmark of the scheme will be changed to BSE IT from BSE Index and will now be categorised as a sectoral fund.
Investors who do not agree to the above change have the option of exiting the scheme till January 10 at applicable NAV. No load will be charged on such exit.