Naveet Munot has been named managing director and chief executive of HDFC Mutual Fund.
He is currently chief investment officer at SBI Mutual Fund, a role which he has held since December 2008.
Munot will replace Milind Barve who announced in June he would not seek an extension to his current term as managing director, which expired on 31 October.
His appointment, however, was extended by three months until 31 January 2021 to provide time for the company to find a successor and ensure continuity of business.