IDBI Mutual Fund renaming and re-categorization: the fully updated list

In April 2018, SEBI came up with guidelines in order to simplify the process of investing for retaiL investors,

All mutual fund companies have hence re-named and re-categorized their funds with abidance to the SEBI regulations.

In fact, this move was appreciated by the investing community, as it had various advantages.

Advantages of IDBI Mutual Fund renaming and re-categorization

1. The categories and number of funds have reduced and thus the process of investing has become easier

2. It is hard for common investors to understand the various categories of mutual funds and understand how they work. Through the SEBI policy change, the process has become more simple

3. Since the number of schemes have decreased, the AUM has increased, which means, the expense ratio has decreased.

IDBI Mutual Fund renaming and re-categorization

Old Name	New Name	Old – Category	New – Category
IDBI Corporate Debt Opportunities Fund	IDBI Credit Risk Fund	Debt-Income	Debt-Credit Risk
IDBI Diversified Equity Fund	IDBI Diversified Equity Fund	Equity-Diversified	Equity-Multi Cap
IDBI Dynamic Bond Fund	IDBI Dynamic Bond Fund	Debt-Income	Debt-Dynamic
IDBI Focused 30 Equity Fund	IDBI Focused 30 Equity Fund	Equity-Diversified	Equity-Focused
IDBI Gilt Fund	IDBI Gilt Fund	Gilt-Short Term	Debt-Gilt
IDBI Gold Fund	IDBI Gold Fund	Gold-Fund of Funds	Others-FoF Domestic
IDBI India Top 100 Equity Fund	IDBI India Top 100 Equity Fund	Equity-Large Cap	Equity-Large Cap
IDBI Midcap Fund	IDBI Midcap Fund	Equity-Diversified	Equity-Mid Cap
IDBI Monthly Income Plan	IDBI Equity Savings Fund	Debt-MIP	Hybrid-Equity Savings
IDBI Small Cap Fund	IDBI Small Cap Fund	Equity-Small Cap	Equity-Small Cap
IDBI Ultra Short Term Fund	IDBI Ultra Short Term Fund	Debt-Ultra Short Term	Debt-Ultra Short Duration
IDBI Nifty Junior Index Fund	IDBI Nifty Junior Index Fund	Equity-Index	Others-Index
IDBI Prudence Fund	IDBI Hybrid Equity Fund	Balanced-Balanced	Hybrid-Aggressive
IDBI Short Term Bond Fund	IDBI Short Term Bond Fund	Debt-Short Term	Debt-Short Duration

IDBI Mutual Fund names and categories which did not change

Old Name	New Name	Old – Category	New – Category
IDBI Equity Advantage Fund	IDBI Equity Advantage Fund	Equity-Tax – ELSS	Equity-ELSS
IDBI Liquid Fund	IDBI Liquid Fund	Debt-Liquid	Debt-Liquid

What should you do if the fund has been renamed and re-categorized?

1. If it has been renamed

If the blog has been renamed, you need not worry about your investments. You may continue as before.

2. If it has been re-categorized

This is where you need to pay attention.

If your fund has been re-categorized, you will have to change your investment strategy to keep in sync with the new category’s terms.

3. If the fund has been merged

You do not need to fret if the fund has been merged. The asset management company or AMC will take care of it.

Happy Investing!

Disclaimer: The views expressed in this post are that of the author and not those of Groww