HSBC Mutual Fund Renaming and Re-Categorization: The Fully Updated List

SEBI 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 HSBC Mutual Fund Renaming and Re-Categorization

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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

HSBC Mutual Funds Name and Category Change

Old Name	New Name	Old Category	New Category
HSBC Equity Fund	HSBC Large Cap Equity Fund	Equity-Large Cap	Equity-Large Cap
HSBC Flexi Debt Fund	HSBC Flexi Debt Fund	Debt-Income	Debt-Corporate Bond
HSBC Income Fund – Investment Plan	HSBC Debt Fund	Debt-Income	Debt-Medium to Long Duration
HSBC Income Fund – Short Term Plan	HSBC Short Duration Fund	Debt-Short Term	Debt-Short Duration
HSBC Infrastructure Equity Fund	HSBC Infrastructure Equity Fund	Equity-Sector	Equity-Sectoral/Thematic
HSBC Midcap Equity Fund	HSBC Small Cap Equity Fund	Equity-Mid Cap	Equity-Small Cap
HSBC Monthly Income Plan	HSBC Regular Savings Fund	Debt-MIP	Hybrid-Conservative

HSBC Mutual Fund Names and Categories Which Did Not Change

Old Name	New Name	Old Category	New Category
HSBC Cash Fund	HSBC Cash Fund	Debt-Liquid	Debt-Liquid
HSBC Dynamic Fund	HSBC Dynamic Fund	Equity-Large Cap	Equity-Large Cap
HSBC Dividend Yield Equity Fund	HSBC Dividend Yield Equity Fund	Equity-Large Cap	Equity-Large Cap
HSBC India Opportunities Fund	HSBC India Opportunities Fund	Equity-Multi Cap	Equity-Multi Cap
HSBC Tax Saver Equity Fund	HSBC Tax Saver Equity Fund	Equity-Tax – ELSS	Equity-ELSS

Also may also read: New Mutual Fund Rules by SEBI: Categorization and Rationalization Of Mutual Fund Schemes

What Should You do if the Fund Has Been Renamed and Re-Categorized?

1. Renamed

if the fund has only been renamed, then you need not worry. You may keep investing as you were before

2. Renamed and Re-Categorized

Here’s where you need to pay attention.

If the fund category changes, it means the investment strategy might also change. Hence, you need to modify your investment, so that it can sync with the characteristics of the new category.