Your Mutual Fund Scheme Renamed. What Should You Do?
“What's in a name? That which is a rose by any other name would smell as sweet.”
This Shakespearean quote, ‘What's in a name?’ is a reference often used by many to imply that names of things do not affect what they really are.
Yet, when it comes to being critical or judging something, many of us easily get carried away by the brand name.
Whether it’s a pair of jeans or toothpaste, we are fascinated with brand names over their actual effective utility and worth.
The same has been true with your investments too. Especially mutual funds.
Chapter 1. The Rationale Behind Mutual Fund Scheme Rename
Many fund houses over the years have been following the practice of giving fancy names to their schemes that may not be true to its style. Instead of being innovative, they launch existing style of funds with new fancy names to garner more AUM.
For a lay investor it hardly makes any sense. Moreover, we often come across duplicate schemes in product offerings of many large fund houses.
It gives you a picture of the thought process fund houses subscribe to. Whether its philosophy is to create wealth for investors, or just garner more and more AUM to increase their revenue through management fees.
That is the reason we, at Personal FN, consider the ‘number of duplicate schemes’ as one of the important parameters when allocating a score to a fund house in our fund selection process.
In our process, we have always penalised fund houses for launching duplicate schemes. And we have been doing this for many years.
So, let us have a look at which mutual fund schemes have undergone changes and what has changed for you as an investor.
So just read on...
Chapter 2. New Regulations For Scheme Categorisations
The age-old practice of using fancy names for mutual funds is probably ending.
While some names were glorified, and some were purely misleading. In terms of investment style, some schemes practiced completely different from what their name or objective mandate.
Nevertheless, it would not be the case anymore.
We are glad that the SEBI (Securities and Exchange Board of India) took a step to curb this practice and came up with its circular on “Categorization and Rationalization of Mutual Fund Schemes”, in the month of October 2017.
To make investing simpler for investors, the SEBI defined 36 categories for mutual funds.
In the circular, the regulatory body directed all fund houses to relook at their scheme categorization and realign their schemes and underlying portfolios to these new categories.
It also asked them to eliminate the fancy names to better reflect the funds’ components.
“The beginning of wisdom is calling things by their correct name.” John Greene, Into The Wild.
Following this, the mutual fund houses in India are either re-categorizing their mutual fund schemes or have already done it. And the first list is already out.
Before we move on to the changes in scheme names, let us see what the classifications are defined by SEBI and what it means for you as an investor.
Chapter 3. New Scheme Categorisation
As mentioned earlier, SEBI has allowed mutual funds to offer a scheme each across 36 subcategories. The recommended subcategories are:
| Type |
No of sub-categories |
Sub-categories (classes) |
| Equity |
10 |
- Large cap Fund
- Large & Midcap Fund
- Midcap Fund
- Small cap Fund
- Multi cap Fund
- Dividend Yield Fund
- Value/Contra Fund
- Focused Fund
- Sectoral/Thematic Fund
- ELSS (Equity Linked Savings Scheme)
|
| Debt |
16 |
- Overnight Fund
- Liquid Fund
- Ultra-short duration Fund
- Low duration Fund
- Money market Fund
- Short duration Fund
- Medium duration Fund
- Medium to Long Duration Fund
- Long Duration Fund
- Dynamic Bond Fund
- Corporate Bond Fund
- Credit Risk Fund
- Banking and PSU Fund
- Gilt Fund
- Gilt Fund with 10-year constant duration
- Floater Fund
|
| Hybrid |
6 |
- Conservative hybrid,
- Balanced hybrid/Aggressive hybrid
- Dynamic asset allocation or balanced advantage
- Multi-asset allocation
- Arbitrage
- Equity savings.
|
| Solution-oriented Schemes |
2 |
- Retirement Fund
- Children’s Fund
|
| Other Schemes |
2 |
- Index funds / ETFs (Exchange Traded Fund),
- FoFs (Fund of Funds—overseas /domestic)
|
Source: SEBI circular no. SEBI/HO/IMD/DF3/CIR/P/2017/114 dated 6th October 2017
So what does each of these classifications mean for you as an investor?
Chapter 4. Scheme Portfolios Under New Categorisation
Let’s see how the schemes portfolio will be positioned within each of these classes.
| Type |
Sub-categories (classes) |
Characteristics |
| Equity |
Large cap Fund |
Minimum 80% investment in equity & equity related instruments of large cap companies. The scheme will invest predominantly in large cap stocks |
| Large & Midcap Fund |
Minimum 35% investment in equity & equity related instruments of large cap companies and simultaneously maintain minimum 35% allocation to mid cap stocks. The scheme will invest in both large cap and midcap stocks. |
| Midcap Fund |
Minimum 65% investment in equity & equity related instruments of mid cap companies. The scheme will invest predominantly in mid cap stocks. |
| Small cap Fund |
Minimum 65% investment in equity & equity related instruments of small cap companies. The scheme will invest predominantly in small cap stocks. |
| Multi cap Fund |
Minimum 65% investment in equity & equity related instruments. The scheme will invest across large cap, mid cap, small cap stocks. |
| Dividend Yield Fund |
The scheme should predominantly invest in dividend yielding stocks and hold a minimum 65% investment in equities. |
| Value/Contra Fund |
The scheme should follow a value / contrarian investment strategy and maintain minimum 65% investment in equity & equity related instruments. |
| Focused Fund |
The scheme will focus on the number of stocks (maximum 30), and invest a minimum 65% of its assets in equity & equity related instruments. |
| Sectoral/Thematic Fund |
The investment in equity & equity related instruments of a particular sector/particular theme should be minimum 80% of total assets. |
ELSS
(Equity Linked Savings Scheme) |
The scheme will invest minimum 80% of total assets in equity & equity related instruments (in accordance with Equity Linked Saving Scheme, 2005 notified by Ministry of Finance) and will carry a statutory lock in of 3 years and offer tax benefit under section 80C. |
| Debt |
Overnight Fund |
The scheme will invest in overnight securities having maturity of 1 day. |
| Liquid Fund |
The scheme will invest in debt and money market securities with maturity of upto 91 days only. |
| Ultra-short duration Fund |
Investment will be in Debt & Money Market instruments such that the Macaulay duration of the portfolio is between 3 months to 6 months. |
| Low duration Fund |
Investment will be in Debt & Money Market instruments such that the Macaulay duration of the portfolio is between 6 months to 12 months. |
| Money market Fund |
The scheme will invest in Money Market instruments having maturity of upto 1 year. |
| Short duration Fund |
The schemes investment will be in Debt & Money Market instruments such that the Macaulay duration of the portfolio is between 1 year to 3 years. |
| Medium duration Fund |
The schemes investment will be in Debt & Money Market instruments such that the Macaulay duration of the portfolio is between 3 year to 4 years. |
| Medium to Long Duration Fund |
Investment will be in Debt & Money Market instruments such that the Macaulay duration of the portfolio is between 4 year to 7 years. |
| Long Duration Fund |
Investment will be in Debt & Money Market instruments such that the Macaulay duration of the portfolio is greater than 7 years. |
| Dynamic Bond Fund |
The scheme can invest across duration. |
| Corporate Bond Fund |
The scheme will invest minimum 80% of its assets in corporate bonds (only in highest rated instruments). |
| Credit Risk Fund |
The scheme will invest minimum 65% of its total assets in corporate bonds (below highest rated instruments). I.e. investment will be predominantly in AA and below rated instruments. |
| Banking and PSU Fund |
Minimum 80% investment will be in debt instruments of banks, Public Sector Undertakings, Public Financial Institutions. |
| Gilt Fund |
The scheme will invest a minimum 80% of its assets Gsecs (across maturities). |
| Gilt Fund with 10-year constant duration |
Minimum 80% investment will be in Gsecs, such that the Macaulay duration of the portfolio is equal to 10 years. |
| Floater Fund |
The scheme will invest minimum 65% of total assets in floating rate instruments. |
| Hybrid |
Conservative hybrid |
Investment in equity & equity related instruments will be between 10% to 25% of total assets and debt instruments will be between 75% to 90% of total assets. |
| Balanced hybrid/ Aggressive hybrid |
- Balanced hybrid will invest 40% to 60% of total assets in equities and 40% to 60% in debt instruments. No Arbitrage would be permitted in this scheme.
- Aggressive hybrid will invest 65% to 80% of total assets in equities and 20% to 35% in debt instruments.
|
| Dynamic asset allocation or balanced advantage |
The schemes allocation to equity and debt will be managed dynamically. |
| Multi-asset allocation |
The scheme will invest in at least three asset classes with a minimum allocation of atleast 10% each in all three asset classes. |
| Arbitrage |
The scheme will follow arbitrage strategy and invest minimum 65% of its total assets in equity & equity related instruments. |
| Equity savings. |
The scheme will invest minimum 65% in equity & equity related instruments and a minimum 10% in debt instruments. The schemes minimum hedged & unhedged is to be stated in the SID, while its asset allocation under defensive considerations may also be stated in the Offer Document. |
| Solution-oriented Schemes |
Retirement Fund |
The scheme will have a lock-in for atleast 5 years or till retirement age (whichever is earlier) |
| Children’s Fund |
The scheme will have a lock-in for atleast 5 years or till the child attains age of majority (whichever is earlier) |
| Other Schemes |
Index funds / ETFs (Exchange Traded Fund), |
Minimum 95% of total assets of the scheme will be invested in securities of a particular index (which is being replicated/ tracked by the scheme). |
| FoFs (Fund of Funds—overseas /domestic) |
Minimum 95% of total assets of the scheme will be invested in the underlying fund/s. |
Source: SEBI circular no. SEBI/HO/IMD/DF3/CIR/P/2017/114 dated 6th October 2017; PersonalFN Research
And here’s how the market capitalisation categories are defined by SEBI to ensure uniformity in respect of the investment universe for equity mutual fund schemes:
-
Large caps: First 100 companies on full market capitalisation basis
-
Mid caps: All companies from 101st to 250th on full market capitalisation basis
-
Small caps: 251st company onwards on full market capitalisation basis
For this, mutual funds are supposed to adopt the list of stocks prepared by AMFI that classifies them as large caps, mid caps, or small caps.
As per the new categorisation norms, only one scheme per category is permitted, except:
-
Index Funds/ ETFs replicating/ tracking different indices;
-
Fund of Funds having different underlying schemes; and
-
Sectoral/ thematic funds investing in different sectors/ themes
It means offering two different schemes within the same category won't be permitted.
Moreover, a fund house can offer more than one scheme in the sectoral and thematic category, but more than a scheme within each sector/theme subcategory will not be allowed. For example, one can offer banking sector fund, FMCG fund, pharma fund, and so on.
However, offering two different schemes within the banking or pharma category won't be permitted. Same is the case with index funds, ETFs and Fund of Funds too, provided they meet prescribed conditions.
Unfortunately, the new rules are applicable only to open-ended schemes.
In other words, the fund houses can get away with their scheme duplication practice under the close-ended category.
That is the reason we are already seeing the increase in number of close-ended NFOs, most with the similar theme or style.
Therefore, going forward you need to be even more careful not to fall into the NFO trap. They being close-ended, your chances of exit are very limited, if they fail to perform.
Infographic: 5 Reasons To Avoid New Fund Offers
Also read: Why You Should Be Careful About Investing In NFOs
Chapter 5. Mutual Fund Scheme Name & Category Changes Announced
Now let us have a look at first set of changes announced by some fund houses…
(As of now, only these 35 fund houses have disclosed the list of changes and re-categorization of their schemes.)
| Old Name |
Old Category/Type |
New Name |
New Category/Type |
| ABSL Advantage Fund |
Multicap |
ABSL Equity Advantage Fund |
Large & Midcap |
| ABSL Small & Midcap Fund |
Small & Midcap |
ABSL Small Cap Fund |
Small cap |
| ABSL Top 100 Fund |
Large cap |
ABSL Focused Equity Fund |
Focused |
| ABSL Enhanced Arbitrage Fund |
Arbitrage |
ABSL Arbitrage Fund |
Arbitrage |
| ABSL Balanced '95 Fund |
Balanced |
ABSL Equity Hybrid '95 Fund |
Aggressive Hybrid |
| ABSL MIP - Wealth 25 Fund |
Monthly Income Plan |
ABSL Regular Savings Fund |
Conservative Hybrid |
| ABSL New Millennium Fund |
Thematic |
ABSL Digital India Fund |
Thematic |
| ABSL Cash Plus |
Liquid |
ABSL Liquid Fund |
Liquid |
| ABSL Floating Rate Fund - STP |
Liquid |
ABSL Money Manager Fund |
Money Market |
| ABSL Cash Manager |
Ultra Short Term |
ABSL Low Duration Fund |
Low Duration |
| ABSL Income Plus |
Income |
ABSL Income Fund |
Medium to Long Term |
| ABSL Floating Rate Fund - LTP |
Ultra Short Term |
ABSL Floating Rate Fund |
Floater |
| ABSL Short Term Fund |
Short Term |
ABSL Corporate Bond Fund |
Corporate Bond |
| ABSL Treasury Optimizer Plan |
Short Term |
ABSL Banking & PSU Debt Fund |
Banking & PSU Debt |
| ABSL Corporate Bond Fund |
Credit |
ABSL Credit Risk Fund |
Credit Risk |
| ABSL Gilt Plus - PF Plan |
Gilt |
ABSL Government Securities Fund |
Gilt |
|
| Merged |
| Scheme 1 Name |
Scheme 2 Name |
New Scheme Name |
New Scheme Type |
| ABSL Special Situations Fund |
ABSL Equity Fund |
ABSL Equity Fund |
Multicap |
- ABSL MIP - Savings 5 Fund
- ABSL Monthly Income
- ABSL MIP
|
ABSL MIP - Wealth 25 Fund |
ABSL Regular Savings Fund |
Conservative Hybrid |
| ABSL India Reforms Fund |
ABSL Infrastructure Fund |
ABSL Infrastructure Fund |
Sectoral |
| ABSL India Opportunities Fund |
ABSL New Millennium Fund |
ABSL Digital India Fund |
Thematic |
| ABSL Banking & PSU Debt Fund |
ABSL Savings Fund |
ABSL Savings Fund |
Ultra Short Duration |
| ABSL 10 year Constant Maturity Gilt Fund |
ABSL Gilt Plus - PF Plan |
ABSL Government Securities Fund |
Gilt |
| Old Name |
Old Category/Type |
New Name |
New Category/Type |
| Axis Equity Fund |
Large Cap Fund |
Axis Bluechip Fund |
Large Cap Fund |
| Axis Treasury Advantage Fund |
Ultra Short Term Debt Fund |
Axis Treasury Advantage Fund |
Low Duration Fund |
| Axis Regular Savings Fund |
Income Fund |
Axis Strategic Bond Fund |
Medium Duration Fund |
| Axis Corporate Debt Opportunities Fund |
Corporate Bond Fund |
Axis Corporate Debt Fund |
Corporate Bond Fund |
| Axis Fixed Income Opportunities Fund |
Income Fund |
Axis Credit Risk Fund |
Credit Risk Fund |
| Axis Income Saver Fund |
Hybrid Fund |
Axis Regular Saver Fund |
Conservative Hybrid Fund |
| Axis Triple Advantage Fund |
Hybrid Fund |
Axis Triple Advantage Fund |
Multi Asset Fund |
| Axis Children’s Gift Fund |
Balanced Fund |
Axis Children’s Gift Fund |
Children’s Fund |
| Axis Constant Maturity 10 Year Fund |
Gilt Fund |
Axis Gilt Fund |
Gilt Fund |
|
| Merged |
| Scheme 1 Name |
Scheme 2 Name |
New Scheme Name |
New Scheme Type |
| No Scheme Merger Announced |
| Old Name |
Old Category/Type |
New Name |
New Category/Type |
| Baroda Pioneer Growth Fund |
Multi Cap Fund |
Baroda Pioneer Multi Cap Fund |
Multi Cap Fund |
| Baroda Pioneer Credit Opportunities Fund |
Income Fund |
Baroda Pioneer Credit Risk Fund |
Credit Risk Fund |
| Baroda Pioneer Monthly Income Plan (MIP) Fund |
Monthly Income Plan |
Baroda Pioneer Conservative Hybrid Fund |
Conservative Hybrid Fund |
| Baroda Pioneer Treasury Advantage Fund |
Ultra-Short Term Debt Fund |
Baroda Pioneer Treasury Advantage Fund |
Low duration Fund |
| Baroda Pioneer Income Fund |
Income Fund |
Baroda Pioneer Income Fund |
Medium to Long Duration Fund |
| Baroda Pioneer Balance Fund |
Balanced Fund |
Baroda Pioneer Hybrid Equity Fund |
Aggressive Hybrid Fund |
|
| Merged |
| Scheme 1 Name |
Scheme 2 Name |
New Scheme Name |
New Scheme Type |
| No Scheme Merger Announced |
| Old Name |
Old Category/Type |
New Name |
New Category/Type |
| BNP Paribas Dividend Yield Fund |
Dividend Yield Fund |
BNP Paribas Multi Cap Fund |
Multi Cap Fund |
| BNP Paribas Equity Fund |
Large Cap Fund |
BNP Paribas Large Cap Fund |
Large Cap Fund |
| BNP Paribas Enhanced Arbitrage Fund |
Arbitrage Fund |
BNP Paribas Arbitrage Fund |
Arbitrage Fund |
| BNP Paribas Balanced Fund |
Balanced Fund |
BNP Paribas Substantial Equity Hybrid Fund |
Aggressive Hybrid Fund |
| BNP Paribas Monthly Income Plan |
Monthly Income Plan |
BNP Paribas Conservative Hybrid Fund |
Conservative Hybrid Fund |
| BNP Paribas Money Plus Fund |
Floating Rate Fund |
BNP Paribas Low Duration Fund |
Low Duration Fund |
| BNP Paribas Medium Term Income Fund |
Medium Term Income Fund |
BNP Paribas Medium Term Fund |
Medium Duration Fund |
| BNP Paribas Short Term Income Fund |
Short Term Income Fund |
BNP Paribas Short Term Fund |
Short Duration Fund |
| BNP Paribas Overnight Fund |
Liquid Fund |
BNP Paribas Liquid Fund |
Liquid Fund |
|
| Merged |
| Scheme 1 Name |
Scheme 2 Name |
New Scheme Name |
New Scheme Type |
| No Scheme Merger Announced |
| Old Name |
Old Category/Type |
New Name |
New Category/Type |
| BOI AXA Corporate Credit Spectrum Fund |
Credit Opportunities fund |
BOI AXA Credit Risk Fund |
Credit Risk Fund |
| BOI AXA Equity Debt Rebalancer Fund |
Equity Savings |
BOI AXA Equity Debt Rebalancer Fund |
Dynamic asset allocation fund |
| BOI AXA Equity Fund |
Diversified fund |
BOI AXA Large & Mid Cap Equity Fund |
Large & mid cap fund |
| BOI AXA Mid Cap Equity & Debt Fund |
Balanced Fund |
BOI AXA Mid & Small Cap Equity & Debt Fund |
Aggressive hybrid fund |
| BOI AXA Regular Return Fund |
Monthly Income Plan |
BOI AXA Conservative Hybrid Fund |
Conservative hybrid fund |
| BOI AXA Treasury Advantage Fund |
Ultra Short Term Debt Fund |
BOI AXA Ultra Short Duration Fund |
Ultra short duration fund |
|
| Merged |
| Scheme 1 Name |
Scheme 2 Name |
New Scheme Name |
New Scheme Type |
| No Scheme Merger Announced |
| Old Name |
Old Category/Type |
New Name |
New Category/Type |
| Canara Robeco Equity Diversified |
Predominant Large Cap Fund |
Canara Robeco Equity Diversified Fund |
Multi Cap Fund |
| Canara Robeco Large Cap+ Fund |
Large Cap Fund |
Canara Robeco Bluechip Equity Fund |
Large Cap Fund |
| Canara Robeco Emerging Equities |
Mid Cap Fund |
Canara Robeco Emerging Equities Fund |
Large & Mid Cap Fund |
| Canara Robeco Equity Tax Saver |
Equity Linked Tax Saving
Scheme |
Canara Robeco Equity Tax Saver Fund |
An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit |
| Canara Robeco Balance |
Balanced Scheme |
Canara Robeco Equity Debt Allocation Fund |
Aggressive Hybrid Fund |
Canara Robeco F.O.R.C.E Fund (Financial Opportunities
Retail Consumption & Entertainment) |
Thematic |
Canara Robeco Consumer Trends Fund |
Consumption and Financial Theme |
| Canara Robeco Infrastructure |
Thematic |
Canara Robeco Infrastructure Fund |
Infrastructure Theme |
| Canara Robeco Monthly Income Plan |
Monthly Income Plan |
Canara Robeco Income Saver Fund |
Conservative Hybrid Fund |
| Canara Robeco Liquid |
Cash Management Scheme |
Canara Robeco Liquid Fund |
Liquid scheme |
| Canara Robeco GILT PGS (Provident Fund, Gratuity & Superannuation Fund) |
Gilt Fund |
Canara Robeco Gilt Fund |
Gilt Fund |
| Canara Robeco Income |
Long Term Income Fund |
Canara Robeco Income Fund |
Medium to Long Duration Fund |
| Canara Robeco Medium Term Opportunities Fund |
Medium Term Income Fund |
Canara Robeco Corporate Bond Fund |
Corporate Bond Fund |
| Canara Robeco Savings Plus Fund |
Short Term Income Fund |
Canara Robeco Savings Fund |
Low duration Fund |
| Canara Robeco Treasury Advantage Fund |
Money Market Scheme |
Canara Robeco Ultra Short Term Fund |
Ultra-short duration Fund |
| Canara Robeco Yield Advantage Fund |
Debt oriented hybrid scheme |
Canara Robeco Short Duration Fund |
Short duration Fund |
|
| Merged |
| Scheme 1 Name |
Scheme 2 Name |
New Scheme Name |
New Scheme Type |
| Canara Robeco Short Term Fund |
Canara Robeco Yield Advantage Fund |
Canara Robeco Short Duration Fund |
Short duration Fund |
| Canara Robeco InDiGo Fund |
Canara Robeco Monthly Income Plan |
Canara Robeco Income Saver Fund |
Conservative Hybrid Fund |
| Old Name |
Old Category/Type |
New Name |
New Category/Type |
| DHFL Pramerica Medium Term Income Fund |
Medium Term Income Fund |
DHFL Pramerica Medium Term Fund |
Medium duration Fund |
| DHFL Pramerica Inflation Indexed Bond Fund |
Bond Fund |
DHFL Pramerica Strategic Debt Fund |
Medium to Long Duration Fund |
| DHFL Pramerica Credit Opportunities Fund |
Short Term Income Fund |
DHFL Pramerica Credit Risk Fund |
Credit Risk Fund |
| DHFL Pramerica Premier Bond Fund |
Long Term Income Fund |
DHFL Pramerica Premier Bond Fund |
Corporate Bond Fund |
| DHFL Pramerica Short Term Floating Rate Fund |
Short Term Floating Rate Fund |
DHFL Pramerica Floating Rate Fund |
Floater Fund |
| DHFL Pramerica Income Advantage Fund |
Debt oriented hybrid scheme |
DHFL Pramerica Hybrid Debt Fund |
Conservative hybrid |
| DHFL Pramerica Balanced Advantage Fund |
Balanced Fund |
DHFL Pramerica Hybrid Equity Fund |
Aggressive hybrid |
| DHFL Pramerica Equity Income Fund |
Arbitrage |
DHFL Pramerica Equity Savings Fund |
Arbitrage |
| DHFL Pramerica Global Agribusiness Offshore Fund |
Overseas Fund of Funds |
DHFL Pramerica Global Agribusiness Offshore Fund |
Fund of fund scheme investing in
Deutsche Invest I Global Agribusiness |
|
| Merged |
| Scheme 1 Name |
Scheme 2 Name |
New Scheme Name |
New Scheme Type |
| No Scheme Merger Announced |
| Old Name |
Old Category/Type |
New Name |
New Category/Type |
| DSP BlackRock Opportunities Fund |
Opportunities |
DSP BlackRock Equity Opportunities Fund |
Large & Mid-cap |
| DSP BlackRock MIP Fund |
Monthly Income Plan |
DSP BlackRock Regular Savings Fund |
Conservative Hybrid Fund |
| DSP BlackRock Balanced Fund |
Balanced Fund |
DSP BlackRock Equity & Bond Fund |
Aggressive Hybrid Fund |
| DSPBR Focus 25 Fund |
Focused Large cap Fund |
DSPBR Focus Fund |
Focused Fund |
| DSPBR Micro Cap Fund |
Micro cap Fund |
DSPBR Small Cap Fund |
Small cap Fund |
| DSPBR Small and Mid Cap Fund |
Small and Mid Cap Fund |
DSPBR Mid Cap Fund |
Mid Cap Fund |
| DSPBR Income Opportunities Fund |
Income Fund |
DSPBR Credit Risk Fund |
Credit Risk Fund |
|
| Merged |
| Scheme 1 Name |
Scheme 2 Name |
New Scheme Name |
New Scheme Type |
| No Scheme Merger Announced |
| Old Name |
Old Category/Type |
New Name |
New Category/Type |
| Edelweiss ELSS Fund |
An open-ended Equity Linked Savings Scheme |
Edelweiss Long Term Equity Fund(Tax Savings) |
Equity linked saving scheme with a statutory lock in of 3 years and tax benefit |
| Edelweiss Bond Fund |
An open-ended Income Scheme |
Edelweiss Dynamic Bond Fund |
Dynamic debt scheme investing across duration |
| Edelweiss Dynamic Equity Advantage Fund |
An open-ended Equity scheme |
Edelweiss Balanced Advantage Fund |
Dynamic asset allocation fund |
| Edelweiss Large Cap Advantage Fund |
Large Cap Fund |
Edelweiss Large Cap Fund |
Large Cap Funds |
| Edelweiss Prudent Advantage Fund |
Dynamic Equity Fund |
Edelweiss Multi - Asset Allocation Fund |
Multi-asset allocation Funds |
| Edelweiss Equity Opp Fund |
Diversified Equity Fund |
Edelweiss Large & Mid Cap Fund |
Large & Mid Cap Funds |
| Edelweiss Mid and Small Cap Fund |
Midcap Fund |
Edelweiss Mid Cap Fund |
Midcap Funds |
|
| Merged |
| Scheme 1 Name |
Scheme 2 Name |
New Scheme Name |
New Scheme Type |
| No Scheme Merger Announced |
| Old Name |
Old Category/Type |
New Name |
New Category/Type |
| Essel Equity Fund |
Diversified |
Essel Large Cap Equity Fund |
Large Cap Fund |
| Essel Midcap Fund |
Midcap Fund |
Essel Large & Midcap Fund |
Large & Mid Cap Fund |
| Essel Flexible Income Fund |
Long Term Income Fund |
Essel Flexible Income Fund |
Dynamic Bond Fund |
| Essel Regular Savings Fund |
Debt oriented Hybrid Fund |
Essel Regular Savings Fund |
Conservative Hybrid Fund |
| Essel 3 In 1 Fund |
Debt oriented Hybrid Fund |
Essel 3 In 1 Fund |
Multi-asset Allocation Fund |
|
| Merged |
| Scheme 1 Name |
Scheme 2 Name |
New Scheme Name |
New Scheme Type |
| No Scheme Merger Announced |
| Old Name |
Old Category/Type |
New Name |
New Category/Type |
| Franklin India Balanced Fund |
Balanced Fund |
Franklin India Equity Hybrid Fund |
Aggressive Hybrid Fund |
| Franklin India Cash Management Account |
Liquid Fund |
Franklin India Floating Rate Fund |
Floater Fund |
| Franklin India Corporate Bond Opportunities Fund |
Corporate Bond Fund |
Franklin India Credit Risk Fund |
Credit Risk Fund |
| Franklin India Flexi Cap Fund |
Flexi cap Fund |
Franklin India Equity Advantage Fund |
Large & Midcap |
| Franklin India G-Sec-LTP |
Gilt Fund |
Franklin India Government Securities Fund |
Gilt Fund |
| Franklin India High Growth Cos Fund |
Multicap Fund |
Franklin India Focused Equity Fund |
Focused Fund |
| Franklin India Income Builder Account |
Corporate Bond Fund |
Franklin India Corporate Debt Fund |
Corporate Bond Fund |
| Franklin India Income Opportunities Fund |
Short to Medium Income Fund |
Franklin India Income Opportunities Fund |
Medium Duration Fund |
| Franklin India Monthly Income Plan |
Monthly Income Plan |
Franklin India Debt Hybrid Fund |
Conservative Hybrid Fund |
| Franklin India Opportunities Fund |
Opportunities |
Franklin India Opportunities Fund |
Thematic |
| Franklin India Prima Plus Fund |
Predominant Large cap |
Franklin India Equity Fund |
Multi cap Fund |
| Franklin India Savings Plus Fund |
Floating Rate |
Franklin India Savings Fund |
Money Market Fund |
| Franklin India Treasury Management Account |
Liquid Fund |
Franklin India Liquid Fund |
Liquid Fund |
| Franklin India Ultra Short Bond Fund |
Ultra Short Term Debt Fund |
Franklin India Ultra Short Bond Fund |
Ultra Short Duration Fund |
| Templeton India Growth Fund |
Value |
Templeton India Value Fund |
Value |
|
| Merged |
| Scheme 1 Name |
Scheme 2 Name |
New Scheme Name |
New Scheme Type |
| No Scheme Merger Announced |
| Old Name |
Old Category/Type |
New Name |
New Category/Type |
| HDFC Equity Fund |
Flexi Cap |
HDFC Equity Fund |
Multi Cap |
| HDFC Top 200 Fund |
Large-Cap Fund |
HDFC Top 100 Fund |
Large-Cap Fund |
| HDFC Capital Builder Fund |
Value Style |
HDFC Capital Builder Value Fund |
Value Fund |
| HDFC Large Cap Fund |
Large-Cap Fund |
HDFC Growth Opportunities Fund |
Large & Mid Cap Fund |
| HDFC Core & Satellite Fund |
Diversified |
HDFC Focused 30 Fund |
Focused Fund |
| HDFC Index Fund-NIFTY Plan |
Index Fund |
HDFC Index Fund-NIFTY 50 Plan |
Index Fund |
| HDFC NIFTY ETF |
ETF |
HDFC NIFTY 50 ETF |
ETF |
| HDFC Equity Savings Fund |
Equity Scheme |
HDFC Equity Savings Fund |
Equity Savings Fund |
| HDFC Children’s Gift Fund |
Balanced Fund |
HDFC Children’s Gift Fund |
Children’s Fund |
| HDFC Arbitrage Fund |
Equity Scheme |
HDFC Arbitrage Fund |
Arbitrage Fund |
| HDFC Multiple Yield Fund - Plan 2005 |
Income Scheme |
HDFC Multi - Asset Fund |
Multi Asset Allocation |
HDFC Corporate Debt Opportunities
Fund |
Income Fund |
HDFC Credit Risk Debt Fund |
Credit Risk Fund |
HDFC Medium Term Opportunities
Fund |
Medium Term Income Fund |
HDFC Corporate Bond Fund |
Corporate Bond Fund |
HDFC MF Monthly Income Plan -
Long Term Plan |
Monthly Income Plan |
HDFC Hybrid Debt Fund |
Conservative Hybrid Fund |
HDFC Cash Management Fund -
Savings Plan |
Liquid Fund |
HDFC Money Market Fund |
Money Market Fund |
HDFC Cash Management Fund
- Treasury Advantage Plan |
Ultra Short Term Debt Fund |
HDFC Low Duration Fund |
Low Duration Fund |
| HDFC Short Term Opportunities Fund |
Short Term Debt Fund |
HDFC Short Term Debt Fund |
Short duration Fund |
| HDFC High Interest Fund - Short Term Plan |
Short Term Debt Fund |
HDFC Medium Term Debt Fund |
Medium duration Fund |
| HDFC High Interest Fund - Dynamic Plan |
Medium Term Income Fund |
HDFC Dynamic Debt Fund |
Dynamic Bond Fund |
| HDFC Income Fund |
Long Term Income Fund |
HDFC Income Fund |
Medium to Long Duration Fund |
| HDFC Gilt Fund - Long Term Plan |
Gilt Fund |
HDFC Gilt Fund |
Gilt Fund |
| HDFC Floating Rate Income Fund - Short Term Plan |
Short Term Floating Fund |
HDFC Floating Rate Debt Fund |
Floater Fund |
| HDFC Cash Management Fund - Call Plan |
Liquid Fund |
HDFC Overnight Fund |
Overnight Fund |
| HDFC Retirement Savings Fund |
Hybrid Fund |
HDFC Retirement Savings Fund |
Retirement Solution Fund |
|
| Merged |
| Scheme 1 Name |
Scheme 2 Name |
New Scheme Name |
New Scheme Type |
| HDFC Regular Savings Fund |
HDFC Corporate Debt Opportunities Fund |
HDFC Credit Risk Debt Fund |
Credit Risk Fund |
- HDFC Floating Rate Income Fund -Long Term Plan
- HDFC Gilt Fund - Short Term Plan
|
HDFC
Medium Term Opportunities |
HDFC Corporate Bond Fund |
Corporate Bond Fund |
| HDFC MF Monthly Income Plan - Short Term Plan |
HDFC MF Monthly Income Plan - Long Term Plan |
HDFC Hybrid Debt Fund |
Conservative Hybrid Fund |
| HDFC Index Fund - SENSEX Plus Plan |
HDFC Index Fund - SENSEX Plan |
HDFC Index Fund - SENSEX Plan |
Index Fund |
| HDFC Prudence Fund |
HDFC Growth Fund |
HDFC Balanced Advantage Fund |
Balanced Advantage Fund |
| HDFC Balanced Fund |
HDFC Premier Multi-Cap Fund |
HDFC Hybrid Equity Fund |
Aggressive Hybrid Fund |
| Old Name |
Old Category/Type |
New Name |
New Category/Type |
| HSBC India Opportunities Fund |
An open-ended flexi cap equity scheme |
HSBC Multi Cap Equity Fund |
Muticap Fund |
| HSBC Dynamic Fund |
An open-ended dynamic scheme |
HSBC Dynamic Asset Allocation Fund |
Dynamic asset allocation fund |
| HSBC Tax Saver Equity Fund |
An open-ended Equity Linked Savings Scheme |
HSBC Tax Saver Equity Fund |
Equity linked saving scheme with a statutory lock in of 3 years and tax benefit |
| HSBC Flexi Debt Fund |
An open-ended Debt Scheme |
HSBC Flexi Debt Fund |
Dynamic debt scheme investing across duration |
| HSBC Asia Pacific (Ex Japan) Dividend Yield Fund |
An open-ended fund of funds Scheme |
HSBC Asia Pacific (Ex Japan) Dividend Yield Fund |
Fund of funds Scheme investing in HSBC Gloabal Investments Fund - Asia Pacific (Ex Japan) High Dividend Fund |
| HSBC Brazil Fund |
An open-ended fund of funds Scheme |
HSBC Brazil Fund |
Fund of funds Scheme investing in HSBC Gloabal Investments Fund - Brazil Equity Fund |
| HSBC Global Consumer Opportunities Fund |
An open-ended fund of funds Scheme |
HSBC Global Consumer Opportunities Fund |
Fund of funds Scheme investing in HSBC Gloabal Investments Fund - China Consumer Opportunities Fund |
| HSBC Ultra Short Term Bond Fund |
Ultra Short Term Debt Fund |
HSBC Low Duration Fund |
Low Duration Fund |
| HSBC Monthly Income Plan |
Monthly Income Plan |
HSBC Regular Savings Fund |
Conservative Hybrid Fund |
| HSBC Managed Solutions India - Moderate |
Balanced Fund |
HSBC Managed Solutions India - Moderate |
Aggressive Hybrid Fund |
| HSBC Equity Fund |
Large cap Fund |
HSBC Large Cap Equity Fund |
Large cap Fund |
| HSBC Midcap Equity Fund |
Mid cap Fund |
HSBC Small Cap Equity Fund |
Small cap Fund |
| HSBC Income Fund Short Term Plan |
Short Term Income Fund |
HSBC Short Duration Fund |
Short Duration Fund |
| HSBC Income Fund Investment Plan |
Long Term Income Fund |
HSBC Debt Fund |
Long Duration Fund |
| HSBC Emerging Markets Fund |
International Equity Fund |
HSBC Global Emerging Markets Fund |
International Equity Fund |
|
| Merged |
| Scheme 1 Name |
Scheme 2 Name |
New Scheme Name |
New Scheme Type |
| No Scheme Merger Announced |
| Old Name |
Old Category/Type |
New Name |
New Category/Type |
| ICICI Prudential Focused Bluechip Equity Fund |
Large Cap Fund |
ICICI Prudential Bluechip Fund |
Large Cap Fund |
| ICICI Prudential Top 100 Fund |
Large Cap Fund |
ICICI Prudential Large & Mid Cap Fund |
Large & Mid Cap Fund |
| ICICI Prudential Indo Asia Equity Fund |
Indo-Asia Equity Fund |
ICICI Prudential Smallcap Fund |
Small Cap Fund |
| ICICI Prudential Select Large Cap Fund |
Large Cap Fund |
ICICI Prudential Focused Equity Fund |
Focused Fund |
| ICICI Prudential Equity Income Fund |
Equity Savings Fund |
ICICI Prudential Equity Savings Fund |
Equity Savings Fund |
| ICICI Prudential Balanced Advantage Fund |
Equity Oriented Hybrid Fund |
ICICI Prudential Balanced Advantage Fund |
Dynamic Asset Allocation / Balanced Advantage Fund |
| ICICI Prudential Balanced Fund |
Equity Oriented Hybrid Fund |
ICICI Prudential Equity & Debt Fund |
Aggressive Hybrid Fund |
| ICICI Prudential Dynamic Plan |
Asset Allocation Fund |
ICICI Prudential Multi-Asset Fund |
Multi Asset Allocation |
| ICICI Prudential Liquid Plan |
Liquid Fund |
ICICI Prudential Liquid Fund |
Liquid Fund |
| ICICI Prudential Regular Income Fund |
Ultra Short Term Income Fund |
ICICI Prudential Ultra Short Term Fund |
Ultra Short Duration Fund |
| ICICI Prudential Flexible Income Plan |
Ultra Short Term Income Fund |
ICICI Prudential Savings Fund |
Low Duration Fund |
| ICICI Prudential Short Term Plan |
Short Term Income Fund |
ICICI Prudential Short Term Fund |
Short Duration Fund |
| ICICI Prudential Corporate Bond Fund |
Medium Term Income Fund |
ICICI Prudential Medium Term Bond Fund |
Medium Duration Fund |
| ICICI Prudential Income Opportunities Fund |
Medium Term Income Fund |
ICICI Prudential Bond Fund |
Medium to Long Duration Fund |
| ICICI Prudential Income Plan |
Long Term Income Fund |
ICICI Prudential Long Term Bond Fund |
Long Duration Fund |
| ICICI Prudential Long Term Plan |
Dynamic Bond Fund |
ICICI Prudential All Seasons Bond Fund |
Dynamic Bond |
| ICICI Prudential Ultra Short Term Plan |
Ultra Short Term Income Fund |
ICICI Prudential Corporate Bond Fund |
Corporate Bond Fund |
| ICICI Prudential Regular Savings Fund |
Short Term Income Fund |
ICICI Prudential Credit Risk Fund |
Credit Risk Fund |
| ICICI Prudential Savings Fund |
Floater Fund |
ICICI Prudential Floating Interest Fund |
Floater Fund |
| ICICI Prudential Gold iWIN ETF |
ETFs - Gold |
ICICI Prudential Gold ETF |
ETFs |
| ICICI Prudential Midcap Select iWIN ETF |
ETFs - Midcap |
ICICI Prudential Midcap Select ETF |
ETFs |
| ICICI Prudential Nifty 100 iWIN ETF |
ETFs - Nifty 100 |
ICICI Prudential Nifty 100 ETF |
ETFs |
| ICICI Prudential Nifty iWIN ETF |
ETFs - Nifty |
ICICI Prudential Nifty ETF |
ETFs |
| ICICI Prudential Nifty Low Vol 30 iWIN ETF |
ETFs |
ICICI Prudential Nifty Low Vol 30 ETF |
ETFs |
| ICICI Prudential Sensex iWIN ETF |
ETFs - Sensex |
ICICI Prudential Sensex ETF |
ETFs |
| ICICI Prudential NV20 iWIN ETF |
ETFs |
ICICI Prudential NV20 ETF |
ETFs |
| ICICI Prudential Advisor Series – Cautious Plan |
Fund of Funds (Domestic) |
ICICI Prudential Advisor Series – Hybrid Fund |
Fund of Funds (Domestic) |
| ICICI Prudential Advisor Series – Dynamic Accrual Plan |
Fund of Funds (Domestic) |
ICICI Prudential Advisor Series – Debt Management Fund |
Fund of Funds (Domestic) |
| ICICI Prudential Advisor Series – Long Term Savings Plan |
Fund of Funds (Domestic) |
ICICI Prudential Advisor Series – Passive Strategy Fund |
Fund of Funds (Domestic) |
| ICICI Prudential Advisor Series – Moderate Plan |
Fund of Funds (Domestic) |
ICICI Prudential Advisor Series – Conservative Fund |
Fund of Funds (Domestic) |
| ICICI Prudential Advisor Series – Very Aggressive Plan |
Fund of Funds (Domestic) |
ICICI Prudential Advisor Series – Thematic Fund |
Fund of Funds (Domestic) |
|
| Merged |
| Scheme 1 Name |
Scheme 2 Name |
New Scheme Name |
New Scheme Type |
| ICICI Prudential Monthly Income Plan |
ICICI Prudential MIP 25 |
ICICI Prudential Regular Savings Fund |
Conservative Hybrid Fund |
ICICI Prudential Child Care Plan (Study Plan) |
ICICI Prudential Child Care Plan (Gift Plan) |
ICICI Prudential Child Care Fund (Gift Plan) |
Children's Fund |
| ICICI Prudential Dynamic Bond Fund |
ICICI Prudential Banking & PSU Debt Fund |
ICICI Prudential Banking & PSU Debt Fund |
Banking & PSU Fund |
- ICICI Prudential Gilt Fund – Investment Plan – PF Option
- ICICI Prudential Gilt Fund – Treasury Plan – PF Option
- ICICI Prudential Short Term Gilt Fund
|
ICICI Prudential Long Term Gilt Fund |
ICICI Prudential Gilt Fund |
Gilt Fund |
| Old Name |
Old Category/Type |
New Name |
New Category/Type |
| IDBI Equity Advantage Fund |
Equity Linked Savings Scheme |
No Change |
Equity Linked Saving Scheme with a statutory lock in of 3 years and tax benefit |
|
| Merged |
| Scheme 1 Name |
Scheme 2 Name |
New Scheme Name |
New Scheme Type |
| No Scheme Merger Announced |
| Old Name |
Old Category/Type |
New Name |
New Category/Type |
IDFC Focused Equity
Fund |
Large Cap |
IDFC Focused Equity
Fund |
Focused Fund |
| IDFC Equity Fund |
Large Cap |
IDFC Large Cap Fund |
Large Cap |
| IDFC Classic Equity Fund |
Multicap Fund |
IDFC Core Equity Fund |
Large & Mid Cap Fund |
| IDFC Sterling Equity Fund |
Small and Midcap Fund |
IDFC Sterling Value Fund |
Value Fund |
| IDFC Monthly Income Plan |
Monthly Income Plan |
IDFC Regular Savings Fund |
Conservative Hybrid Fund |
| IDFC Ultra Short Term Fund |
Ultra Short Term Debt Fund |
IDFC Low Duration Fund |
Low Duration Fund |
| IDFC Government Securities Fund |
Gilt Fund |
IDFC Government Securities Fund |
Gilt Fund with 10-year constant duration |
| IDFC Money Manager Fund - Treasury Plan |
Ultra Short Term Debt Fund |
IDFC Money Manager Fund |
Money market Fund |
| IDFC Premier Equity Fund |
Mid Cap Fund |
IDFC Multi Cap Fund |
Multi Cap Fund |
| IDFC Super Saver Income Fund - Medium Term Plan |
Medium Term Income Fund |
IDFC Bond Fund - Medium Term Plan |
Medium duration Fund |
| IDFC Super Saver Income Fund - Investment Plan |
Long Term Income Fund |
IDFC Bond Fund - Long Term Plan |
Long Duration Fund |
| IDFC Super Saver Income Fund - Short Term Plan |
Short Term Income Fund |
IDFC Bond Fund – Short Term Plan |
Short duration Fund |
| IDFC Credit Opportunities Fund |
Income Fund |
IDFC Credit Risk Fund |
Credit Risk Fund |
| IDFC Balanced Fund |
Balanced Fund |
IDFC Hybrid Equity Fund |
Aggressive hybrid |
| IDFC Arbitrage Plus Fund |
Arbitrage |
IDFC Equity Savings Fund |
Arbitrage |
|
| Merged |
| Scheme 1 Name |
Scheme 2 Name |
New Scheme Name |
New Scheme Type |
| IDFC Government Securities Fund - Investment Plan |
IDFC Government Securities Fund - Provident Fund Plan |
IDFC Government Securities Fund |
Gilt Fund |
| IDFC Money Manager Fund - Investment Plan |
IDFC Super Saver Income Fund - Short Term Plan |
IDFC Bond Fund – Short Term Plan |
Short duration Fund |
| Old Name |
Old Category/Type |
New Name |
New Category/Type |
| Indiabulls Value Discovery Fund |
Diversified Equity Fund |
Indiabulls Value Discovery Fund |
Value |
| Indiabulls Monthly Income Plan |
Monthly Income Plan |
Indiabulls Savings Income Fund |
Conservative Hybrid Fund |
| Indiabulls Ultra Short Term Fund |
Ultra Short Term Debt Fund |
Indiabulls Ultra Short Term Fund |
Ultra-short duration Fund |
| Indiabulls Income Fund |
Medium to Long Term Income Fund |
Indiabulls Income Fund |
Medium duration Fund |
|
| Merged |
| Scheme 1 Name |
Scheme 2 Name |
New Scheme Name |
New Scheme Type |
| No Scheme Merger Announced |
| Old Name |
Old Category/Type |
New Name |
New Category/Type |
| Invesco India Active Income Fund |
Long Term Income Fund |
Invesco India Corporate Bond Fund |
Corporate Bond Fund |
| Invesco India Bank Debt Fund |
Income Fund |
Invesco India Banking & PSU Debt Fund |
Banking and PSU Fund |
| Invesco India Corporate Bond Opportunities Fund |
Corporate Bond Fund |
Invesco India Credit Risk Fund |
Credit Risk Fund |
| Invesco India Credit Opportunities Fund |
Short Term Income Fund |
Invesco India Money Market Fund |
Money market Fund |
| Invesco India Medium Term Bond Fund |
Medium Term Income Fund |
Invesco India Ultra Short Term Fund |
Ultra-short duration Fund |
| Invesco India Monthly Income Plan (MIP) Plus |
Monthly Income Plan |
Invesco India Regular Savings Fund |
Conservative Hybrid Fund |
| Invesco India Ultra Short Term Fund |
Ultra Short Term Debt Fund |
Invesco India Treasury Advantage Fund |
Low duration Fund |
| Invesco India Banking Fund |
Sector Fund |
Invesco India Financial Services Fund |
Sector Fund |
| Invesco India Business Leaders Fund |
Large Cap Fund |
Invesco India Largecap Fund |
Large Cap Fund |
| Invesco India Growth Fund |
Multicap Fund |
Invesco India Growth Opportunities Fund |
Large & Mid Cap Fund |
| Invesco India Mid N Small Cap Fund |
Midcap & Smallcap Fund |
Invesco India Multicap Fund |
Multicap Fund |
| Old Name |
Old Category/Type |
New Name |
New Category/Type |
| JM Multi Strategy Fund |
Diversified |
JM Multicap Fund |
Multi Cap Fund |
| JM Money Manager Fund - Super Plan |
Ultra-Short Term Debt Fund |
JM Money Market Fund |
Money Market Fund |
| JM Money Manager Fund - Regular Plan |
Ultra-Short Term Debt Fund |
JM Ultra Short Duration Fund |
Ultra-short duration Fund |
| JM Money Manager Fund - Super Plus Plan |
Ultra-Short Term Debt Fund |
JM Low Duration Fund |
Low duration Fund |
| JM Income Fund |
Income Fund |
JM Income Fund |
Medium to Long Duration Fund |
| JM High Liquidity Fund |
Liquid Fund |
JM Liquid Fund |
Liquid Fund |
| JM Floater Long Term Fund |
Long Term Floating Rate Fund |
JM Dynamic Debt Fund |
Dynamic Bond Fund |
| JM Equity Fund |
Large Cap Fund |
JM Large Cap Fund |
Large Cap Fund |
| JM Basic Fund |
Sector Fund |
JM Value Fund |
Value Fund |
| JM Balanced Fund |
Balanced Fund |
JM Equity Hybrid Fund |
Aggressive Hybrid Fund |
| JM Arbitrage Advantage Fund |
Arbitrage Fund |
JM Arbitrage Fund |
Arbitrage Fund |
|
| Merged |
| Scheme 1 Name |
Scheme 2 Name |
New Scheme Name |
New Scheme Type |
| No Scheme Merger Announced |
| Old Name |
Old Category/Type |
New Name |
New Category/Type |
| Kotak Mahindra 50 Unit Scheme |
Large Cap Fund |
Kotak Bluechip Fund |
Large Cap Fund |
| Kotak Balance |
Balanced Fund |
Kotak Equity Hybrid |
Aggressive Hybrid Fund |
| Kotak Emerging Equity Scheme |
Mid and Small Cap Fund |
Kotak Emerging Equity Scheme |
Mid Cap Fund |
| Kotak Midcap Scheme |
Mid Cap Fund |
Kotak Small Cap Fund |
Small Cap Fund |
| Kotak Select Focus Fund |
Focused Fund |
Kotak Standard Multicap Fund |
Multi Cap Fund |
| Kotak Monthly Income Plan |
Monthly Income Plan |
Kotak Debt Hybrid |
Conservative Hybrid Fund |
| Kotak Opportunities |
Opportunities Fund |
Kotak Equity Opportunities Fund |
Large & Mid Cap Fund |
| Kotak Mahindra Bond Unit Scheme 99 |
Bond Fund |
Kotak Bond |
Medium to Long Duration Fund |
| Kotak Flexi Debt Scheme |
Dynamic Bond Fund |
Kotak Dynamic Bond Fund |
Dynamic Bond Fund |
| Kotak Floater Short Term Scheme |
Short Term Floating Rate Fund |
Kotak Money Market Scheme |
Money Market Fund |
| Kotak Income Opportunities Fund |
Income Fund |
Kotak Credit Risk Fund |
Credit Risk Fund |
| Kotak Treasury Advantage Fund |
Ultra-Short Term Debt Fund |
Kotak Savings Fund |
Ultra-short duration Fund |
|
| Merged |
| Scheme 1 Name |
Scheme 2 Name |
New Scheme Name |
New Scheme Type |
| No Scheme Merger Announced |
| Old Name |
Old Category/Type |
New Name |
New Category/Type |
| L&T Business Cycles Fund |
Diversified |
L&T Business Cycles Fund |
Thematic Fund |
| L&T Emerging Businesses Fund |
Mid & Smallcap |
L&T Emerging Businesses Fund |
Small Cap Fund |
| L&T Infrastructure Fund |
Thematic |
L&T Infrastructure Fund |
Sectoral Fund |
| L&T India Special Situations Fund |
Opportunities |
L&T Large and Midcap Fund |
Large & Mid Cap Fund |
| L&T Equity Fund |
Flexi Cap Fund |
L&T Equity Fund |
Multi Cap Fund |
| L&T India Prudence Fund |
Balanced Fund |
L&T Hybrid Equity Fund |
Aggressive Hybrid Fund |
| L&T Cash Fund |
Liquid Fund |
L&T Cash Fund |
Overnight Fund |
| L&T Ultra Short Term Fund |
Ultra Short Term Debt Fund |
L&T Ultra Short Term Fund |
Ultra Short Term Duration Fund |
| L&T Banking & PSU Debt Fund |
Medium to Long Term Income Fund |
L&T Banking & PSU Debt Fund |
Banking and PSU Fund |
| L&T Resurgent India Corporate Bond Fund |
Corporate Bond Fund |
L&T Resurgent India Bond Fund |
Medium Duration Fund |
| L&T Short Term Income Fund |
Short Term Income Fund |
L&T Low Duration Fund |
Low Duration Fund |
| L&T Floating Rate Fund |
Floating Rate Fund |
L&T Money Market Fund |
Money Market Fund |
| L&T Income Opportunities Fund |
Income Fund |
L&T Credit Risk Fund |
Credit Risk Fund |
| L&T Short Term Opportunities Fund |
Short Term Income Fund |
L&T Short Term Bond Fund |
Short Duration Fund |
| L&T Triple Ace Bond Fund |
Medium to Long Term Income Fund |
L&T Triple Ace Bond Fund |
Corporate Bond Fund |
| L&T Monthly Income Plan |
Monthly Income Plan |
L&T Conservative Hybrid Fund |
Conservative Hybrid Fund |
|
| Merged |
| Scheme 1 Name |
Scheme 2 Name |
New Scheme Name |
New Scheme Type |
| L&T Tax Saver Fund |
L&T Equity Fund |
L&T Equity Fund |
Multi Cap Fund |
| Old Name |
Old Category/Type |
New Name |
New Category/Type |
| LIC MF Balanced Fund |
Balanced Fund |
LIC MF Equity Hybrid Fund |
Aggressive Hybrid Fund |
| LIC MF Income Plus Fund |
Income Fund |
LIC MF Banking & PSU Debt Fund |
Banking and PSU Fund |
| LIC MF Bond Fund |
Income Fund |
LIC MF Bond Fund |
Medium to Long Duration Fund |
| LIC MF Equity Fund |
Multi Cap Fund |
LIC MF Multicap Fund |
Multi Cap Fund |
| LIC MF Growth Fund |
Large Cap oriented |
LIC MF Large Cap Fund |
Large Cap Fund |
| LIC MF Mid Cap Fund |
Mid Cap Fund |
LIC MF Large & Mid Cap Fund |
Large & Mid Cap Fund |
| LIC MF Monthly Income Plan |
Monthly Income Plan |
LIC MF Debt Hybrid Fund |
Conservative Hybrid Fund |
| LIC MF Savings Plus Fund |
Ultra-Short Term Debt Fund |
LIC MF Savings Fund |
Low duration Fund |
|
| Merged |
| Scheme 1 Name |
Scheme 2 Name |
New Scheme Name |
New Scheme Type |
| No Scheme Merger Announced |
| Old Name |
Old Category/Type |
New Name |
New Category/Type |
| Mirae Asset Prudence Fund |
An open-ended equity oriented asset allocation scheme |
Mirae Asset Hybrid - Equity Fund |
Aggressive Hybrid |
| Mirae Asset Emerging Bluechip Fund |
Mid cap fund |
No Change |
Large & Mid Cap Fund |
| Mirae Asset India Opportunities Fund |
Opportunities |
Mirae Asset India Equity Fund |
Multi Cap Fund - investing across large cap, mid cap, small cap stocks |
| Mirae Asset Savings Fund |
An Open ended Debt Scheme |
No Change |
Low Duration Debt Scheme investing in
instruments with Macaulay duration of the portfolio between 6 months and 12 months |
|
| Merged |
| Scheme 1 Name |
Scheme 2 Name |
New Scheme Name |
New Scheme Type |
| No Scheme Merger Announced |
| Old Name |
Old Category/Type |
New Name |
New Category/Type |
| Motilal Oswal MOSt Focused 25 Fund |
Large cap Fund |
Motilal Oswal Focused 25 Fund |
Focused Fund investing in a maximum 25 large cap stocks |
| Motilal Oswal MOSt Focused Midcap 30 Fund |
Mid cap Fund |
Motilal Oswal Focused Midcap 30 Fund |
Mid cap Fund |
| Motilal Oswal MOSt Ultra Short Term Bond Fund |
Ultra-short term debt scheme |
Motilal Oswal Ultra Short Term Bond Fund |
Ultra-short duration Fund |
| Motilal Oswal MOSt Focused Dynamic Equity Fund |
Dynamic Equity Fund |
Motilal Oswal Dynamic Fund |
Dynamic Asset
Allocation Fund |
| Motilal Oswal MOSt Focused Multicap 35 Fund |
Multi cap Fund |
Motilal Oswal Multicap 35 Fund |
Multi cap Fund |
| Motilal Oswal MOSt Focused Long Term Fund |
Equity Linked Saving Scheme |
Motilal Oswal Long Term Equity Fund |
Equity Linked Saving Scheme with a statutory lock in of 3 years and tax benefit |
| Motilal Oswal MOSt Shares M50 ETF |
ETF – Large cap |
Motilal Oswal M50 ETF |
ETF – Large cap |
| Motilal Oswal MOSt Shares Midcap 100 ETF |
ETF - Midcap |
Motilal Oswal Midcap 100 ETF |
ETF - Midcap |
| Motilal Oswal MOSt NASDAQ 100 ETF |
ETF - Offshore |
Motilal Oswal NASDAQ 100 ETF |
ETF – Offshore |
|
| Merged |
| Scheme 1 Name |
Scheme 2 Name |
New Scheme Name |
New Scheme Type |
| No Scheme Merger Announced |
| Old Name |
Old Category/Type |
New Name |
New Category/Type |
| Parag Parikh Long Term Value Fund |
Value |
Parag Parikh Long Term Equity Fund |
Multi Cap |
|
| Merged |
| Scheme 1 Name |
Scheme 2 Name |
New Scheme Name |
New Scheme Type |
| No Scheme Merger Announced |
| Old Name |
Old Category/Type |
New Name |
New Category/Type |
| Principal Growth Fund |
Multi Cap Fund |
Principal Multi Cap Growth Fund |
Multi Cap Fund |
| Principal Emerging Bluechip Fund |
Midcap Fund |
Principal Emerging Bluechip Fund |
Large & Mid Cap Fund |
| Principal Large Cap Fund |
Large Cap Fund |
Principal Focused Multicap Fund |
Focused Fund |
| Principal Low Duration Fund |
Floating Rate Fund |
Principal Low Duration Fund |
Low Duration Fund |
| Principal Short Term Income Fund |
Short Term Income Fund |
Principal Short Term Debt Fund |
Short Duration Fund |
| Principal Debt Savings Fund |
Income Fund |
Principal Corporate Bond Fund |
Corporate Bond Fund |
| Principal Credit Opportunities Fund |
Income Fund |
Principal Credit Risk Fund |
Credit Risk Fund |
| Principal Money Manager Fund |
Money Market Fund |
Principal Ultra Short Term Fund |
Ultra Short Duration Fund |
| Principal Index Fund – Nifty |
Index Fund - Nifty 50 |
Principal Nifty 100 Equal Weight Fund |
Index Fund - Nifty 100 |
| Principal SMART Equity Fund |
Hybrid Fund |
No Change Announced |
Balanced Advantage Fund |
| Principal Balanced Fund |
Balanced |
No Change Announced |
Aggressive Hybrid Fund |
| Principal Asset Allocation Fund-of-Funds |
Multi Asset Fund of Fund |
Principal Asset Allocation Fund-of-Funds |
Retirement Fund |
|
| Merged |
| Scheme 1 Name |
Scheme 2 Name |
New Scheme Name |
New Scheme Type |
| No Scheme Merger Announced |
| Old Name |
Old Category/Type |
New Name |
New Category/Type |
| Quantum Long Term Equity Fund |
Diversified |
Quantum Long Term Equity Value Fund |
Value Fund |
|
| Merged |
| Scheme 1 Name |
Scheme 2 Name |
New Scheme Name |
New Scheme Type |
| No Scheme Merger Announced |
| Old Name |
Old Category/Type |
New Name |
New Category/Type |
| Reliance Top 200 Fund |
Large & Midcap Fund |
Reliance Large Cap Fund |
Large Cap Fund |
| Reliance Vision Fund |
Large Cap Fund |
Reliance Vision Fund |
Large & Midcap Fund |
| Reliance NRI Equity Fund |
Multi Cap Fund |
Reliance Balanced Advantage Fund |
Dynamic Asset Allocation Fund |
| Reliance Regular Savings Fund – Equity Option |
Multi Cap Fund |
Reliance Value Fund |
Value Fund |
| Reliance Regular Savings Fund – Balanced Option |
Balanced Fund |
Reliance Equity Hybrid Fund |
Aggressive Hybrid Fund |
| Reliance Diversified Power Sector Fund |
Power Sector Fund |
Reliance Power & Infra Fund |
Equity scheme investing in power & infrastructure sector |
| Reliance Media & Entertainment Fund |
Media & Entertainment Sector Scheme |
Reliance Consumption Fund |
Equity scheme following consumption theme |
| Reliance Equity Opportunities Fund |
Opportunities Fund |
Reliance Multi Cap Fund |
Multi Cap Fund |
| Reliance Arbitrage Advantage Fund |
Arbitrage Fund |
Reliance Arbitrage Fund |
Arbitrage Fund |
| Reliance Monthly Income Plan |
Monthly Income Plan |
Reliance Hybrid Bond Fund |
Conservative Hybrid Fund |
| Reliance Corporate Bond Fund |
Corporate Bond Fund |
Reliance Classic Bond Fund |
Medium duration Fund |
| Reliance Floating Rate Fund – Short Term Plan |
Short Term Floating Rate |
Reliance Floating Rate Fund |
Floater Fund |
| Reliance Income Fund |
LT Income Fund |
Reliance Income Fund |
Medium to Long Duration Fund |
| Reliance Medium Term Fund |
Medium Term Fund |
Reliance Prime Debt Fund |
Corporate Bond Fund |
| Reliance Money Manager Fund |
Liquid Fund |
Reliance Low Duration Fund |
Low duration Fund |
| Reliance Regular Savings Fund – Debt Option |
Income Fund |
Reliance Credit Risk Fund |
Credit Risk Fund |
| Reliance Liquid Fund – Cash Plan |
Liquid Fund |
Reliance Ultra Short Duration Fund |
Ultra-short duration Fund |
| Reliance Liquid Fund – Treasury Plan |
Liquid Fund |
Reliance Liquid Fund |
Liquid Fund |
| Reliance Liquidity Fund |
Liquid Fund |
Reliance Money Market Fund |
Money market Fund |
|
| Merged |
| Scheme 1 Name |
Scheme 2 Name |
New Scheme Name |
New Scheme Type |
| Reliance Focused Large Cap Fund |
Reliance Mid & Small Cap Fund |
Reliance Focused Equity Fund |
Equity scheme investing in maximum 30 stocks |
| Old Name |
Old Category/Type |
New Name |
New Category/Type |
| SBI Magnum Equity Fund |
Large cap |
SBI Magnum Equity ESG Fund |
Thematic - ESG |
| SBI Magnum Multiplier Fund |
Multicap |
SBI Large & Midcap Fund |
Large & Mid Cap Fund |
| SBI Magnum Global Fund |
Midcap |
SBI Magnum Global Fund |
Thematic - MNC |
| SBI Emerging Businesses Fund |
Mid and Small cap |
SBI Focused Equity Fund |
Focused Fund |
| SBI Small & Midcap Fund |
Small and Midcap |
SBI Small Cap Fund |
Small cap Fund |
| SBI FMCG Fund |
Sector |
SBI Consumption Opportunities Fund |
Thematic - Consumption |
| SBI IT Fund |
Sector |
SBI Technology Opportunities Fund |
Sector |
| SBI Pharma Fund |
Sector |
SBI Healthcare Opportunities Fund |
Sector |
| SBI Magnum Balanced Fund |
Balanced |
SBI Equity Hybrid Fund |
Aggressive Hybrid Fund |
| SBI Magnum InstaCash Fund - Liquid Floater |
Liquid |
SBI Overnight Fund |
Overnight Fund |
| SBI Magnum InstaCash Fund |
Liquid |
SBI Magnum Ultra Short Duration Fund |
Ultra Short Term Duration Fund |
| SBI Ultra Short Term Debt Fund |
Ultra Short Term Debt Fund |
SBI Magnum Low Duration Fund |
Low Duration Fund |
| SBI Savings Fund |
Floating Rate Fund |
SBI Savings Fund |
Money market Fund |
| SBI Regular Savings Fund |
Income Fund |
SBI Magnum Medium Duration Fund |
Medium duration Fund |
| SBI Magnum Income Fund |
Income Fund |
SBI Magnum Income Fund |
Medium to Long Duration Fund |
| SBI Corporate Bond Fund |
Corporate Bond Fund |
SBI Credit Risk Fund |
Credit Risk Fund |
| SBI Treasury Advantage Fund |
Short Term Income Fund |
SBI Banking and PSU Fund |
Banking and PSU Fund |
| SBI Magnum Gilt Fund - Long Term Plan |
Long Term Gilt Fund |
SBI Magnum Gilt Fund |
Gilt Fund |
| SBI Magnum Gilt Fund - Short Term Plan |
Short Term Gilt Fund |
SBI Magnum Constant Maturity Fund |
Gilt Fund with 10-year constant duration |
| SBI Magnum Monthly Income Plan |
Monthly Income Plan |
SBI Debt Hybrid Fund |
Conservative hybrid |
| SBI Magnum Monthly Income Plan - Floater |
Monthly Income Plan |
SBI Multi Asset Allocation Fund |
Multi-asset allocation |
| SBI Premier Liquid Fund |
Liquid |
SBI Liquid Fund |
Liquid Fund |
|
| Merged |
| Scheme 1 Name |
Scheme 2 Name |
New Scheme Name |
New Scheme Type |
| No Scheme Merger Announced |
| Old Name |
Old Category/Type |
New Name |
New Category/Type |
| Shriram Equity and Debt Opportunities Fund |
Balanced Fund |
Shriram Equity and Debt Opportunities Fund |
Aggressive Hybrid Fund |
|
| Merged |
| Scheme 1 Name |
Scheme 2 Name |
New Scheme Name |
New Scheme Type |
| No Scheme Merger Announced |
| Old Name |
Old Category/Type |
New Name |
New Category/Type |
| Sundaram Balanced Fund |
Balanced Fund |
Sundaram Equity Hybrid Fund |
Aggressive hybrid |
| Sundaram Equity Plus |
Multi Asset Fund |
Sundaram Multi Asset Fund |
Multi Asset Allocation |
| Sundaram Equity Multiplier |
Multicap Fund |
Sundaram Large and Mid Cap Fund |
Large & Mid Cap Fund - |
| Sundaram Select Mid Cap |
Midcap Fund |
Sundaram Mid Cap Fund |
Midcap Fund |
| Sundaram Rural India Fund |
Thematic Fund |
Sundaram Rural and Consumption Fund |
Thematic Fund |
| Sundaram Select Focus |
Large Cap Fund |
Sundaram Select Focus |
Focused Fund |
| Sundaram Small and Medium Indian Leading Equities (S.M.I.L.E) Fund |
Small & Midcap Fund |
Sundaram Small Cap Fund |
Small Cap Fund |
| Sundaram Banking & PSU Debt Fund |
Income Fund |
Sundaram Banking & PSU Debt Fund |
Banking and PSU Fund |
| Sundaram Bond Saver |
Income Fund |
Sundaram Medium Term Bond Fund |
Medium duration Fund |
| Sundaram Flexible Fund - Flexible Income Plan |
Floating Rate Fund |
Sundaram Corporate Bond Fund |
Corporate Bond Fund |
| Sundaram Income Plus |
Income Fund |
Sundaram Short Term Credit Risk Fund |
Credit Risk Fund |
| Sundaram Monthly Income Plan (Aggressive) |
Monthly Income Plan |
Sundaram Debt Oriented Hybrid Fund |
Conservative Hybrid Fund |
| Sundaram Select Debt Short-Term Asset Plan |
Short Term Income Fund |
Sundaram Short Term Debt Fund |
Short duration Fund |
| Sundaram Ultra Short Term Fund |
Ultra Short Term Debt Fund |
Sundaram Low Duration Fund |
Low duration Fund |
|
| Merged |
| Scheme 1 Name |
Scheme 2 Name |
New Scheme Name |
New Scheme Type |
- Sundaram Gilt Fund
- Sundaram
Regular Savings Fund
|
Sundaram Flexible Fund - Flexible Income Plan |
Sundaram Corporate Bond Fund |
Corporate Bond Fund |
| Old Name |
Old Category/Type |
New Name |
New Category/Type |
Tata Equity P/E
Fund |
Largecap Fund Value Fund |
Tata Equity P/E
Fund |
Value Fund |
| Tata Regular Savings Equity Fund |
Arbitrage Fund |
Tata Equity Savings Fund |
Arbitrage Fund |
| Tata Balanced Fund |
Balanced Fund |
Tata Hybrid Equity Fund |
Aggressive Hybrid Fund |
| Tata Young Citizens’ Fund |
Balanced Fund |
Tata Young Citizens’ Fund |
Children's Fund |
| Tata Long Term Debt Fund |
Long Term Income Fund |
Tata Income Fund |
Medium to Long Duration Fund |
| Tata Ultra Short Term Fund |
Ultra Short Term Debt Fund |
Tata Treasury Advantage Fund |
Low duration Fund |
|
| Merged |
| Scheme 1 Name |
Scheme 2 Name |
New Scheme Name |
New Scheme Type |
| Tata Equity Opportunities Fund |
Tata Dividend Yield Fund |
Tata Equity Opportunities Fund |
Multi Cap Fund |
| Old Name |
Old Category/Type |
New Name |
New Category/Type |
| Taurus Bonanza Fund |
Large Cap Fund |
Taurus Largecap Equity Fund |
Large Cap Fund |
| Taurus Discovery Fund |
Mid Cap Fund |
Taurus Discovery (Midcap) Fund |
Mid Cap Fund |
| Taurus Star Share Fund |
Multi Cap Fund |
Taurus Starshare (Multi Cap) Fund |
Multi Cap Fund |
|
| Merged |
| Scheme 1 Name |
Scheme 2 Name |
New Scheme Name |
New Scheme Type |
| No Scheme Merger Announced |
| Old Name |
Old Category/Type |
New Name |
New Category/Type |
| Union Equity Fund |
An Open-Ended Diversified Equity Scheme |
No Change |
Multi Cap Fund |
| Union Tax Saver Scheme |
An Open-ended Equity Linked Scheme with a lock in Period 3 years. |
No Change |
Equity linked saving scheme with a statutory lock in of 3 years and tax benefit |
| Union Small and Midcap Fund |
Mid and Small cap Fund |
Union Small Cap Fund |
Small Cap Fund |
| Union Prudence Fund |
Equity oriented hybrid fund |
Union Balanced Advantage Fund |
An Open-ended Dynamic Asset Allocation Fund, as follows in order to align the scheme name with the scheme category viz. ‘Dynamic Asset Allocation or Balanced Advantage’ |
| Union Dynamic Bond Fund |
An Open-Ended Debt Scheme |
No Change |
An open ended dynamic debt scheme investing across duration |
|
| Merged |
| Scheme 1 Name |
Scheme 2 Name |
New Scheme Name |
New Scheme Type |
| No Scheme Merger Announced |
| Old Name |
Old Category/Type |
New Name |
New Category/Type |
| UTI Equity Fund |
Large cap fund |
UTI Equity Fund |
Multi Cap Fund |
| UTI Mastershare Unit Scheme |
Large Cap Fund |
UTI Mastershare Unit Scheme |
Large Cap Fund |
| UTI Top 100 Fund |
Large Cap Fund |
UTI Core Equity Fund |
Large & Mid Cap Fund |
| UTI Mid Cap Fund |
Mid cap Fund |
UTI Mid Cap Fund |
Mid cap Fund |
| UTI Dividend Yield Fund |
Dividend Yield Fund |
UTI Dividend Yield Fund |
Dividend Yield Fund |
| UTI Opportunities Fund |
Opportunities Style Fund |
UTI Value Opportunities Fund |
Value Fund |
| UTI India Lifestyle Fund |
Thematic Fund |
UTI India Lifestyle Fund |
Thematic Fund |
| UTI Infrastructure Fund |
Thematic Fund |
UTI Infrastructure Fund |
Thematic Fund |
| UTI MNC Fund |
Thematic Fund |
UTI MNC Fund |
Thematic Fund |
| UTI Pharma & Healthcare Fund |
Sector Fund |
UTI Healthcare Fund |
Sector Fund |
| UTI Transportation & Logistics Fund |
Sector Fund |
UTI Transportation & Logistics Fund |
Sector Fund |
| UTI Banking Sector Fund |
Sector Fund |
UTI Banking and Financial Services Fund |
Sector Fund |
| UTI Nifty Index Fund |
Index Fund |
UTI Nifty Index Fund |
Index Fund |
| UTI G-Sec Fund |
Gilt Fund |
UTI Overnight Fund |
Overnight Fund |
| UTI Floating Rate Fund |
Floating Rate Fund |
UTI Ultra Short Term Fund |
Ultra-short duration Fund |
| UTI Treasury Advantage Fund |
Ultra-short term debt Fund |
UTI Treasury Advantage Fund |
Low duration Fund |
| UTI Money Market Fund |
Liquid / Money Market Fund |
UTI Money Market Fund |
Money market Fund |
| UTI Short Term Income Fund |
Short Term Income Fund |
UTI Short Term Income Fund |
Short duration Fund |
| UTI Medium Term Fund |
Medium Term Income Fund |
UTI Medium Term Fund |
Medium duration Fund |
| UTI Bond Fund |
Long Term Income Fund |
UTI Bond Fund |
Medium to Long duration Fund |
| UTI Income Opportunities Fund |
Short Term Income Fund |
UTI Credit Risk Fund |
Credit Risk Fund |
| UTI Gilt Advantage Fund - LTP |
Long Term Gilt Fund |
UTI Gilt Fund |
Gilt Fund (Across Maturities) |
| UTI-MIS Advantage Plan |
Monthly Income Plan |
UTI Regular Savings Fund |
Conservative Hybrid Fund |
| UTI Balanced Fund |
Balanced Fund |
UTI Hybrid Equity Fund |
Aggressive Hybrid Fund |
| UTI Wealth Builder Fund |
Multi Asset Fund |
UTI Multi Asset Fund |
Multi Asset Allocation |
| UTI Spread Fund |
Arbitrage Fund |
UTI Arbitrage Fund |
Arbitrage Fund |
| UTI - Retirement Benefit Pension Fund |
Pension Fund |
UTI - Retirement Benefit Pension Fund |
Retirement Fund |
| UTI-Children’s Career Balanced Plan |
Children's Fund |
UTI CCF- Savings Plan |
Children's Fund |
| UTI – CCP Advantage Fund |
Children's Fund |
UTI CCF- Investment Plan |
Children's Fund |
|
| Merged |
| Scheme 1 Name |
Scheme 2 Name |
New Scheme Name |
New Scheme Type |
| UTI Multicap Fund |
UTI Opportunities fund |
UTI Opportunities fund |
Value Fund |
| UTI Bluechip Flexicap Fund |
UTI Equity Fund |
UTI Equity Fund |
Multi Cap Fund |
- UTI Monthly Income Scheme
- UTI Smart Woman Savings Plan
- UTI - C.R.T.S.
|
UTI-MIS Advantage Plan |
UTI Regular Savings Fund |
Conservative Hybrid Fund |
Chapter 6. PersonalFN View on New Scheme Categorisation
You see, fund houses used many fancy names as a marketing tool to entice investors, though it was less meaningful in terms of the actual investment style of the fund.
The new names announced by mutual fund houses, clearly differentiate each fund in terms of asset allocation and fund's investment strategy.
This will make understanding mutual funds simpler. As the new rule states every mutual fund to have only one scheme under each category, mutual fund houses will be more careful while launching new schemes in the open-ended space.
However, they are still allowed to use the close-ended route to launch and relaunch new duplicate schemes, where you need to be careful as an investor.
The changes announced by the above 22 fund houses may come into effect within next one month. Addendums from the other fund houses too may be expected over next few weeks.
To comply with the new regulations many schemes have undergone change in name and investment style while merging with other schemes.
Reallocating the portfolios and investment objective of the scheme may result in changes in its fundamental attributes, which will be communicated to you by each fund house of the schemes where you are invested.
While the regulator has done its best to make sure that fund managers follow standard guidelines while creating portfolio, some changes in attributes may not match your initial investment objective and expectations that you had while investing in the scheme.
If the change is limited only to the name of your scheme, while the broader category remains the same, then there is not much to worry.
You can simply stay invested and may even continue with your SIP investment in the scheme.
However, if your scheme is merged or there is a category change, you may need to relook at your investment strategy and figure out whether the new scheme fits into your objective and your retirement plan. If its new style deviates much from your objective and your risk appetite, then it will be prudent for you to use the free exit load period to move out of the scheme.
If you are confused about you mutual investment strategy due to these changes, do contact your mutual fund advisor or investment consultant to help you decide on the holdings in your mutual portfolio.
Hope this guide was a useful read.
You can download our FREE guide on 10 Steps to Select Winning Mutual Funds here.
You can even download our FREE guide on SIP and Debt Mutual Funds here and here respectively.
Happy Investing!
Author: Vivek Chaurasia