The Managed DNS management policy for Ingress Controllers ensures that the lifecycle of the wildcard DNS record on the cloud provider is automatically managed by the Operator. This is the default behavior.
When you change an Ingress Controller from Managed to Unmanaged DNS management policy, the Operator does not clean up the previous wildcard DNS record provisioned on the cloud.
When you change an Ingress Controller from Unmanaged to Managed DNS management policy, the Operator attempts to create the DNS record on the cloud provider if it does not exist or updates the DNS record if it already exists.