by Dileep Ramachandran, Investing

Mutual Fund Scheme Name Changes

Each mutual fund house used to come up with new fund offerings which usually imitate the investment strategy of their successful schemes. This trend has created a lot of lookalike schemes from the same fund house. Some schemes used have adjectives in their name which are used to lure in the investors. SEBI in its October 2017 circular released guidelines on Categorisation and Rationalisation of mutual fund schemes. According to this many fund houses are forced to merge their similar looking schemes. The names of certain schemes are changed to remove the adjectives.

The following is the list of the schemes for which names are changed so far due to the merger of schemes and otherwise. (updated as on 20-04-2018)

 

Existing Name New Name
Aditya Birla Sun Life Balanced 95 Fund Aditya Birla Sun Life Equity Hybrid 95 Fund
Aditya Birla Sun Life Dividend Yield Plus Aditya Birla Sun Life Dividend Yield Fund
Aditya Birla Sun Life Gilt Plus-PF Plan Aditya Birla Sun Life Government Securities Fund
Aditya Birla Sun Life MIP2-Wealth 25 Plan Aditya Birla Sun Life Regular Savings Fund
Aditya Birla Sun Life New Millenium Fund Aditya Birla Sun Life Digital India Fund
Aditya Birla Sun Life Small & Mid Cap Fund Aditya Birla Sun Life Small Cap Fund
Aditya Birla Sun Life Top 100 Fund Aditya Birla Sun Life Focused Equity Fund
Axis Constant Maturity 10 Year Fund Axis Gilt Fund
Axis Corporate Opportunities Fund Axis Corporate Debt Fund
Axis Equity Fund Axis Bluechip Fund
Axis Fixed Income Opportunities Fund Axis Credit Risk Fund
Axis Income Saver Fund Axis Regular Saver Fund
Axis Regular Savings Fund Axis Strategic Bond Fund
BNP Paribas Balanced Fund BNP Paribas Substantial Equity Hybrid Fund
BNP Paribas Dividend Yield Fund BNP Paribas Multi Cap Fund
BNP Paribas Enhanced Arbitrage Fund BNP Paribas Arbitrage Fund
BNP Paribas Equity Fund BNP Paribas Large Cap Fund
BNP Paribas Medium Term Income Fund BNP Paribas Medium Term Fund
BNP Paribas Money Plus Fund BNP Paribas Low Duration Fund
BNP Paribas Monthly Income Plan BNP Paribas Conservative Hybrid Fund
BNP Paribas Overnight Fund BNP Paribas Liquid Fund
BNP Paribas Short Term Income Fund BNP Paribas Short Term Fund
Canara Robeco Balance Canara Robeco Equity Debt Allocation Fund
Canara Robeco F.O.R.C.E Fund Canara Robeco Consumer Trends Fund
Canara Robeco Gilt PGS Canara Robeco Gilt Fund
Canara Robeco Large Cap+ Fund Canara Robeco Bluechip Equity Fund
Canara Robeco Medium Term Opportunities Fund Canara Robeco Corporate Bond Fund
Canara Robeco MIP Canara Robeco Income Saver Fund
Canara Robeco Savings Plus Fund Canara Robeco Savings Fund
Canara Robeco Treasury Advantage Fund Canara Robeco Ultra Short Term Fund
Canara Robeco Yield Advantage Fund Canara Robeco Short Duration Fund
DHFL Pramerica Insta Cash Plus Fund DHFL Pramerica Insta Cash Fund
Franklin India Prima Plus Franklin India Equity Fund
Franklin India Flexi Cap Fund Franklin India Equity Advantage Fund
Templeton India Growth Templeton India Value Fund
Franklin India High Growth Companies Fund Franklin India Focused Equity Fund
Franklin India Savings Plus Fund Franklin India Savings Fund
Franklin India Income Builder Account Franklin India Corporate Debt Fund
Franklin India Corporate Bond Opportunities Fund Franklin India Credit Risk Fund
Franklin India Government Securities Fund - Long Term Plan Franklin India Government Securities Fund
Franklin India Cash Management Account Franklin India Floating Rate Fund
Franklin India Monthly Income Plan Franklin India Debt Hybrid Fund
Franklin India Balanced Fund Franklin India Equity Hybrid Fund
Franklin India Treasury Management Account Franklin India liquid Fund
HDFC Cash Management Fund Treasury Advantage Fund HDFC Low Duration Fund
HDFC Cash Management Fund - Savings Plan HDFC Money Market Fund
HDFC Corporate Debt Opportunities Fund HDFC Credit Risk Debt Fund
HDFC Floating Rate Income Fund Short Term Plan HDFC Floating Rate Debt Fund
HDFC Gilt Long Term HDFC Gilt Fund
HDFC High Interest Fund Dynamic Plan HDFC Dynamic Debt Fund
HDFC High Interest Short Term HDFC Medium Term Debt Fund
HDFC Medium Term Opportunities Fund HDFC Corporate Bond Fund
HDFC MF Monthly Income Plan - Long Term Plan HDFC Hybrid Debt Fund
HDFC Short Term Opportunities Fund HDFC Short Term Debt Fund
HDFC Cash Management Fund - Savings Plan HDFC Money Market Fund
HDFC MF Monthly Income Plan - Long Term Plan HDFC Hybrid Debt Fund
ICICI Prudential Balanced Fund ICICI Prudential Equity & Debt Fund
IDFC Arbitrage Plus Fund IDFC Equity Savings Fund
IDFC Balanced Fund IDFC Hybrid Equity Fund
IDFC Classic Equity Fund IDFC Core Equity Fund
IDFC Equity Fund IDFC Large Cap Fund
IDFC Monthly Income Plan IDFC Regular Savings Fund
IDFC SSI Short Term Fund IDFC Bond Fund Short Term Plan
IDFC Super Saver Income Fund Investment Plan IDFC Bond Fund Long Term Plan
IDFC Super Saver Income Fund Medium Term Plan IDFC Bond Fund Medium Term Plan
IDFC Sterlin Equity Fund IDFC Sterling Value Fund
Invesco India Active Income Fund Invesco India Corporate Bond Fund
Invesco India Bank Debt Fund Invesco India Banking & PSU Debt Fund
Invesco India Banking Fund Invesco India Financial Services Fund
Invesco India Business Leaders Fund Invesco India largecap Fund
Invesco India Corporate Bond Opportunities Fund Invesco India Credit Risk Fund
Invesco India Credit Opportunities Fund Invesco India Money Market Fund
Invesco India Growth Fund Invesco India Growth Opportunities Fund
Invesco India Medium Term Bond Fund Invesco India Ultra Short Term Fund
Invesco India Mid &  Small Cap Fund Invesco India Multicap Fund
Invesco India Monthly Income Plan (MIP) Plus Invesco India Regular Savings Fund
Invesco India Ultra Short Term Fund Invesco India Treasury Advantage Fund
JM Arbitrage Advantage Fund JM Arbitrage Fund
JM Balanced Fund JM Equity Hybrid Fund
JM Basic Fund JM Value Fund
JM Equity Fund JM Large Cap Fund
JM High Liquidity Fund JM Liquid Fund
JM Multi Strategy Fund JM Multicap Fund
JM Money Manager Fund - Regular Plan JM Ultra Short Duration Fund
JM Money Manager Fund - Super Plus Plan JM Low Duration Fund
JM Floater Long Term Fund JM Dynamic Debt Fund
JM Money Manager Fund - Super Plan JM Money Market Fund
Principal Credit Opportunities Fund Principal Credit Risk Fund
Principal Debt Savings Fund Principal Corporate Bond Fund
Principal Short Term Income Fund Principal Short Term Debt Fund
Principal Growth Fund Principal Multi Cap Growth Fund
Quantum Long Term Equity Fund Quantum Long Term Equity Value Fund
Reliance Diversified Power Sector Fund Reliance Power & Infra Fund
Reliance Media & Entertainment Fund Reliance Consumption Fund
Reliance NRI Equity Fund Reliance Balanced Advantage Fund
Reliance Quant Plus Fund Reliance Quant Fund
Reliance Regular Savings Fund - Balanced Option Reliance Equity Hybrid Fund
Reliance Regular Savings Fund - Equity Option Reliance Value Fund
Reliance Top 200 Fund Reliance large Cap Fund
SBI Corporate Bond Fund SBI Credit Risk Fund
SBI Emerging Businesses Fund SBI Focused Equity Fund
SBI FMCG Fund SBI Consumption Opportunities Fund
SBI IT Fund SBI Technology Opportunities Fund
SBI Magnum Balanced Fund SBI Equity Hybrid Fund
SBI Magnum Equity Fund SBI Magnum Equity ESG Fund
SBI Magnum Gilt Long-Term SBI Magnum Gilt Fund
SBI Magnum Gilt Short-term SBI Magnum Constant Maturity Fund
SBI Magnum InstaCash Fund SBI Magnum Ultra Short Duration Fund
SBI Magnum InstaCash Liquid Floater SBI Overnight Fund
SBI Magnum Monthly Income Plan SBI Debt Hybrid Fund
SBI Magnum Monthly Income Plan - Floater SBI Multi Asset Allocation Fund
SBI Magnum Multiplier Fund SBI Large & Midcap Fund
SBI Pharma Fund SBI Healthcare Opportunities Fund
SBI Premier Liquid Fund SBI Liquid Fund
SBI Regular Savings SBI Magnum Medium Duration Fund
SBI Small & Midcap Fund SBI Small Cap Fund
SBI Treasury Advantage Fund SBI Banking and PSU Fund
SBI Ultra Short Term Debt Fund SBI Magnum Low Duration Fund
Tata Balanced Fund Tata Hybrid Equity Fund
Tata Long Term Debt Fund Tata Income Fund
Tata Regular Savings Equity Fund Tata Equity Savings Fund
Tata Ultra Short Term Fund Tata Treasury Advantage Fund
UTI - CCP Advantage Fund UTI CCF - Investment Plan
UTI - Children's Career Balanced Plan UTI CCF - Savings Plan
UTI - MIS Advantage Plan UTI Regular Savings Fund
UTI Balanced Fund UTI Hybrid Equity Fund
UTI Banking Sector Fund UTI Banking and Financial Services Fund
UTI Floating Rate Fund UTI Ultra Short Term Fund
UTI Gilt Advantage Fund - LTP UTI Gilt Fund
UTI G-Sec Fund UTI Overnight Fund
UTI Income Opportunities Fund UTI Credit Risk Fund
UTI Pharma & Healthcare Fund UTI Healthcare Fund
UTI SPrEAD Fund UTI Arbitrage Fund

 

 About The Author

Dileep Ramachandran, Research Analyst with more than 4 years of total experience in the area of Equity and Mutual Fund Research.

 

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