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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.

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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 IICanara Robeco Equity Debt Allocation FundHybrid-Equity Oriented
Hybrid-Aggressive
 Canara Robeco Yield Advantage Fund Canara Robeco Short Duration Fund Debt-Marginal EquityDebt-Short Duration
Canara Robeco Emerging EquitiesCanara Robeco Emerging EquitiesEquity-Mid Cap
Equity-Large & Mid Cap
Canara Robeco Equity DiversifiedCanara Robeco Equity DiversifiedEquity-Diversified
Equity-Multi Cap
Canara Robeco Force FundCanara Robeco Consumer Trends FundEquity-Diversified
Equity-Sectoral/Thematic
Canara Robeco Gilt PGSCanara Robeco Gilt FundDebt-GiltDebt-Gilt
Canara Robeco Gold Savings FundCanara Robeco Gold Savings FundGold-Fund of Funds
Others-FoF Domestic
Canara Robeco Income SchemeCanara Robeco Income SchemeDebt-Income
Debt-Medium to Long Duration
Canara Robeco InDiGo FundMerged with Canara Robeco Income Saver FundDynamic/Asset Allocation-Dynamic/Asset Allocation
Hybrid-Dynamic Asset Allocation
Canara Robeco Infrastructure FundCanara Robeco Infrastructure FundEquity-Sector
Equity-Sectoral/Thematic
Canara Robeco Large Cap+ FundCanara Robeco Bluechip Equity FundEquity-Large Cap
Equity-Large Cap
Canara Robeco Liquid FundCanara Robeco Liquid FundLiquid-LiquidDebt-Liquid
Canara Robeco Medium Term Opportunities FundCanara Robeco Corporate Bond FundDebt-Income
Debt-Corporate Bond
Canara Robeco Monthly Income PlanCanara Robeco Income Saver FundDebt-MIP
Hybrid-Conservative
Canara Robeco Savings Plus FundCanara Robeco Savings FundDebt-Ultra Short Term
Debt-Ultra Short Duration
Canara Robeco Short Term FundMerged with Canara Robeco Yield Advantage FundDebt-Short Term
Debt-Short Duration
Canara Robeco Treasury Advantage FundCanara Robeco Ultra Short Term FundDebt-Ultra Short Term
Debt-Ultra Short Duration
Canara Robeco Treasury Advantage FundCanara Robeco Ultra Short Term FundDebt-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 FundCanara Robeco Dynamic Bond FundDebt-Dynamic
Debt-Dynamic
Canara Robeco Equity TaxsaverCanara Robeco Equity Tax SaverEquity-Tax PlanningEquity-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

Investment in securities market are subject to market risks, read all the related documents carefully before investing. Please read the Risk Disclosure documents carefully before investing in Equity Shares, Derivatives, Mutual fund, and/or other instruments traded on the Stock Exchanges. As investments are subject to market risks and price fluctuation risk, there is no assurance or guarantee that the investment objectives shall be achieved. NBT do not guarantee any assured returns on any investments. Past performance of securities/instruments is not indicative of their future performance.

 

 

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