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

You may also read: Mutual Funds Name Changed: Impact on Investors and What They Should Do

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