Franklin Asset Management Company has changed the names and categories of its funds in adherence with the new Security Exchange Board of India (SEBI) guideline. According to the new rule, every fund company can have only one new fund offering under each category.

Hence, all fund companies have revamped their mutual fund names and categories in accordance with the SEBI regulations.

Also Read: Mutual Funds Name Changed: Impact on Investors and What They Should Do

Franklin India Mutual Fund Name and Category Changes

Old Name  New Name   Old Category  New Category
Franklin Asian Equity Fund Franklin Asian Equity Fund Equity-Global
Equity-Sectoral/Thematic
Franklin Build India Fund Franklin Build India Fund Equity-Sector
Equity-Sectoral/Thematic
Franklin India Balanced Fund Franklin India Equity Hybrid Fund Hybrid-Equity Oriented
Hybrid-Aggressive
Franklin India Banking & PSU Debt Fund Franklin India Banking & PSU Debt Fund Debt-Short Term
Debt-Banking & PSU
Franklin India Cash Management Account Fund Franklin India Floating Rate Fund Debt-Liquid Debt-Floater
Franklin India Corporate Bond Opportunities Fund Franklin India Credit Risk Fund Debt-Credit Opportunities
Debt-Credit Risk
Franklin India Dynamic Accrual Fund Franklin India Dynamic Accrual Fund Debt-Credit Opportunities
Debt-Dynamic
Franklin India Flexi Cap Fund Franklin India Equity Advantage Fund Equity-Multi Cap
Equity-Large & Mid Cap
Franklin India Government Securities – Long Term Plan Franklin India Government Securities Fund Gilt-Long Term Debt-Gilt
Franklin India High Growth Companies Fund Franklin India Focused Equity Fund Equity-Multi Cap
Equity-Focused
Franklin India Income Builder Account Franklin India Corporate Debt Fund Debt-Income
Debt-Corporate Bond
Franklin India Income Opportunities Fund Franklin India Income Opportunities Fund Debt-Credit Opportunities
Debt-Medium Duration
Franklin India Index Fund – NSE Nifty Plan Franklin India Index Fund – NSE Nifty Plan Equity-Index Equity-Index
Franklin India Low Duration Fund Franklin India Low Duration Fund Debt-Ultra Short Term
Debt-Low Duration
Franklin India Monthly Income Plan Franklin India Debt Hybrid Fund Debt-MIP
Hybrid-Conservative
Franklin India Income Opportunities Fund Franklin India Income Opportunities Fund Equity-Multi Cap
Equity-Sectoral/Thematic
Franklin India Pension Plan Franklin India Pension Plan Speciality-Pension Plan
Solution Oriented-Retirement
Franklin India Prima Plus Franklin India Prima Plus Equity-Multi Cap
Equity-Multi Cap
Franklin India Savings Plus Fund Franklin India Savings Fund Debt-Ultra Short Term
Debt-Money Market
Franklin India Savings Plus Fund Franklin India Savings Fund Debt-Ultra Short Term
Debt-Money Market
Franklin India STIP Franklin India STIP Debt-Short Term
Debt-Short Duration
Franklin India Taxshield Franklin India Taxshield Equity-Tax – ELSS Equity-ELSS
Franklin India Treasury Management Account Franklin India Liquid Fund Debt-Liquid Debt-Liquid
Franklin India Ultra-Short Bond Fund Franklin India Ultra-Short Bond Fund Debt-Ultra Short Term
Debt-Ultra Short Duration

Franklin India Mutual Fund Names and Categories Which Did Not Change

 Old Name  New Name  Old Category  New Category
Franklin India Bluechip Franklin India Bluechip Equity-Large Cap
Equity-Large Cap
Franklin India Prima Plus Franklin India Prima Plus Equity-Multi Cap
Equity-Multi Cap
Franklin India Smaller Companies Fund Franklin India Smaller Companies Fund Equity-Small Cap
Equity-Small Cap
Franklin India Taxshield Franklin India Taxshield Equity-Tax – ELSS Equity-ELSS
Franklin Infotech Fund Franklin Infotech Fund Equity-Sector
Equity-Sectoral/Thematic

Characteristic Changes

  1. Some funds may get merged each other
  2. The expense ratio might decrease due to an increased rate of AUM per scheme
  3. The number of schemes will reduce to a large extent

Why Is Renaming and Re-Categorization Done?

SEBI wants to simplify the investment process and largely reduce confusion among investors. There are mainly three benefits that come with renaming and re-categorization:

  1. Easier to select mutual funds
  2. Convenient to understand the categories of mutual funds
  3. Reduces the categories of funds, which is termed beneficial for retail investors

Also read: L&T Mutual Fund: Renaming and Re-Categorization 

Happy Investing!

DisclaimerThe views expressed here are that of the author and do not reflect those of Groww.