Fidelity changes India manager

Arun Mehra, the manager of the Fidelity India Focus fund, is to leave the group.

Teera Chanpongsang is taking over the management of the fund after a review of Mehra’s investment performance and investment style which concluded a change in approach was required.

Chanpongsang joined Fidelity in 1994 as a research analyst and has covered Thailand, regional banks, and regional telecommunications stocks.

In 1998, he was made country fund manager of the Fidelity Funds (FF) Thailand Fund, which he ran until September 2004. He also managed the FF Global Telecommunications Fund from 2001 to March 2003.