Fidelity replaces head of India fund

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 that a change in approach was required.

Chanpongsang joined Fidelity in 1994 and has been manager of the Fidelity Funds (FF) Thailand fund and FF Global Telecommunications.