The mutual fund industry has seen many fund manager exits in the last few years. Somendra Nath Lahiri, the chief investment officer of L&T Asset Management Co., is the latest in the list; he put in his papers in mid-November. At the fund house, Lahiri was managing nine schemes with assets under management of around ₹30,000 crore. Usually, the exit of a fund manager is an event that investors can’t ignore. In the past, funds with consistent good performance have been seen to languish after a fund manager’s exit. Renu Yadav spoke to experts to find out what the best way for investors to handle a manager’s exit is
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