Edelweiss Mutual Fund’s January 2026 factsheet confirms that Rahul Dedhia replaced Pranavi Kulkarni as a manager of the Edelweiss Arbitrage Fund, effective January 15, 2026. The factsheet listed four managers at that time. Value Research Online later reported that Rakesh Prajapati would join the equity management roster from October 7, 2026; that later addition is not confirmed here by an official AMC document.
Who manages Edelweiss Arbitrage Fund?
The AMC’s January 2026 factsheet listed the following managers and associated start dates:
| Manager | Role or roster context | Start date listed |
|---|---|---|
| Bhavesh Jain | Manager | June 27, 2014 |
| Amit Vora | Manager | November 6, 2024 |
| Hetul Raval | Manager | September 22, 2025 |
| Rahul Dedhia | Manager; replaced Pranavi Kulkarni | January 15, 2026 |
These dates identify when each person was associated with managing the scheme, not evidence that a manager caused any particular return. Edelweiss Mutual Fund’s January 2026 factsheet
What changed in January 2026?
Rahul Dedhia replaced Pranavi Kulkarni as a fund manager effective January 15, 2026, according to the AMC’s January 2026 factsheet. That is the manager replacement confirmed by the AMC document cited here.
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Did Rakesh Prajapati join the fund?
Value Research Online reported that Rakesh Prajapati was to join the equity management roster effective October 7, 2026, with the other named managers remaining in their listed roles. This is secondary reporting: an official AMC October addendum or September factsheet confirming the revised roster is not cited here. Value Research Online report
What does the fund invest in?
The AMC describes the scheme’s objective as generating income mainly by investing in arbitrage opportunities in cash and equity derivative markets, with the balance invested in debt and money-market instruments. The AMC also states that there is no assurance the investment objective will be realized. Edelweiss Mutual Fund factsheet
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The February 2026 factsheet rated both the scheme and benchmark riskometers Low, with performance data dated February 28, 2026. That is a dated risk classification, not a guarantee of principal or returns. Edelweiss Mutual Fund February 2026 factsheet
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.Do manager changes explain the fund’s returns?
The roster dates establish who was listed as managing the scheme and when, but they do not show that a personnel change improved or weakened performance. The available factsheet performance figures do not identify the effect of any individual manager change, so returns should not be attributed to these appointments on this evidence.
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