Canara Robeco Mutual Fund Renaming and Re-categorization: The Fully Updated List
You must be wondering why some funds have been renamed and why some of them have been re-categorized.
The reason is simple.
The Security Exchange Board of India has come up with certain guidelines in order to make the process of investing easier for retail investors.
Mutual fund companies have thus renamed and re-categorized their funds in adherence to this instruction.
SEBI has prescribed that every fund company can have only one fund offering under each category.
The following are the benefits that led SEBI to restructure the mutual funds
Benefits of Canara Robeco Mutual Fund Renaming and Re-categorization
1. In the past, it was hard for retail investors to understand the various categories of funds. With changes in SEBI policies, it has become more simple
2. Through renaming and re-categorization, the categories and number of funds have reduced
3. The expense ratio will also decrease, due to an increased AUM rate per scheme
Canara Robeco Mutual Fund Renaming and Re-categorization
| Old Name | New Name | Old – Category | New – Category |
| Canara Robeco Balance II | Canara Robeco Equity Debt Allocation Fund | Hybrid-Equity Oriented |
Hybrid-Aggressive
|
| Canara Robeco Yield Advantage Fund | Canara Robeco Short Duration Fund | Debt-Marginal Equity | Debt-Short Duration |
| Canara Robeco Emerging Equities | Canara Robeco Emerging Equities | Equity-Mid Cap |
Equity-Large & Mid Cap
|
| Canara Robeco Equity Diversified | Canara Robeco Equity Diversified | Equity-Diversified |
Equity-Multi Cap
|
| Canara Robeco Force Fund | Canara Robeco Consumer Trends Fund | Equity-Diversified |
Equity-Sectoral/Thematic
|
| Canara Robeco Gilt PGS | Canara Robeco Gilt Fund | Debt-Gilt | Debt-Gilt |
| Canara Robeco Gold Savings Fund | Canara Robeco Gold Savings Fund | Gold-Fund of Funds |
Others-FoF Domestic
|
| Canara Robeco Income Scheme | Canara Robeco Income Scheme | Debt-Income |
Debt-Medium to Long Duration
|
| Canara Robeco InDiGo Fund | Merged with Canara Robeco Income Saver Fund | Dynamic/Asset Allocation-Dynamic/Asset Allocation |
Hybrid-Dynamic Asset Allocation
|
| Canara Robeco Infrastructure Fund | Canara Robeco Infrastructure Fund | Equity-Sector |
Equity-Sectoral/Thematic
|
| Canara Robeco Large Cap+ Fund | Canara Robeco Bluechip Equity Fund | Equity-Large Cap |
Equity-Large Cap
|
| Canara Robeco Liquid Fund | Canara Robeco Liquid Fund | Liquid-Liquid | Debt-Liquid |
| Canara Robeco Medium Term Opportunities Fund | Canara Robeco Corporate Bond Fund | Debt-Income |
Debt-Corporate Bond
|
| Canara Robeco Monthly Income Plan | Canara Robeco Income Saver Fund | Debt-MIP |
Hybrid-Conservative
|
| Canara Robeco Savings Plus Fund | Canara Robeco Savings Fund | Debt-Ultra Short Term |
Debt-Ultra Short Duration
|
| Canara Robeco Short Term Fund | Merged with Canara Robeco Yield Advantage Fund | Debt-Short Term |
Debt-Short Duration
|
| Canara Robeco Treasury Advantage Fund | Canara Robeco Ultra Short Term Fund | Debt-Ultra Short Term |
Debt-Ultra Short Duration
|
| Canara Robeco Treasury Advantage Fund | Canara Robeco Ultra Short Term Fund | Debt-Ultra Short Term |
Debt-Ultra Short Duration
|
Canara Robeco Mutual Fund Names and Categories Which Did Not Change
| Old Name | New Name | Old Category | New Category |
| Canara Robeco Dynamic Bond Fund | Canara Robeco Dynamic Bond Fund | Debt-Dynamic |
Debt-Dynamic
|
| Canara Robeco Equity Taxsaver | Canara Robeco Equity Tax Saver | Equity-Tax Planning | Equity-ELSS |
What should you do if the fund has been renamed and re-categorized?
1. If it has been renamed
If your fund has only been renamed, you need not worry. You may stay invested as you were before.
2. If it has been re-categorized
If your fund has been re-categorized, you need to pay attention.
This means you will have to change your investment strategy to keep in sync with the characteristics of the new category and mostly modify your investments.
3. If it has been merged
If the fund has been merged, the Asset Management Company will take care of it. You need not change your investment policy.
Happy Investing!
Disclaimer: The views expressed in this post are that of the author and not those of Groww