Aditya Birla Mutual Fund Company is changing the names and category of some of its mutual funds. Mutual fund schemes of many mutual funds are being changed after a recent circular by SEBI. This move by SEBI aims to make investing simpler for investors.
The new rule states that every mutual fund company can only have one mutual fund offering under each category.
Some Aditya Birla Mutual Fund names are changing, some are being merged, and in case of some, the category is changing.
Old Fund Names |
New Fund Name |
Category – Old |
Category New |
Aditya Birla Sun Life Advantage Fund | Aditya Birla Sun Life Equity Advantage Fund | Equity-Multi Cap |
Equity-Large & Mid Cap
|
Aditya Birla Sun Life Balanced 95 | Aditya Birla Sun Life Balanced 95 Fund | Hybrid-Equity Oriented |
Hybrid-Aggressive
|
Aditya Birla Sun Life Balanced Advantage Fund | Aditya Birla Sun Life Balanced Advantage Fund | Hybrid-Equity Oriented |
Hybrid-Dynamic Asset Allocation
|
Aditya Birla Sun Life Cash Manager | Aditya Birla Sun Life Low Duration | Debt-Ultra Short Term |
Debt-Low Duration
|
Aditya Birla Sun Life Cash Plus | Aditya Birla Sun Life Liquid Fund | Debt-Liquid | Debt-Liquid |
Aditya Birla Sun Life Commodity Equities Fund – Global Agri | Aditya Birla Sun Life Commodity Equities Fund – Global Agri | Equity-Global |
Equity-Sectoral/Thematic
|
Aditya Birla Sun Life Constant Maturity 10 Year Gilt Fund | Merged with Government Securities Fund | Debt-Gilt | Debt-Gilt |
Aditya Birla Sun Life Corporate Bond Fund | Aditya Birla Sun Life Credit Risk Fund | Debt-Credit Opportunities |
Debt-Credit Risk
|
Aditya Birla Sun Life Dividend Yield Plus | Aditya Birla Sun Life Dividend Yield Plus Fund | Equity-Multi Cap |
Equity-Dividend Yield
|
Aditya Birla Sun Life Dividend Yield Plus Fund | Aditya Birla Sun Life Dividend Yield Plus Fund | Equity-Multi Cap | Equity- |
Aditya Birla Sun Life Enhanced Arbitrage Fund | Aditya Birla Sun Life Arbitrage Fund | Equity-Arbitrage |
Hybrid-Arbitrage
|
Aditya Birla Sun Life Equity Advantage Fund | Aditya Birla Sun Life Arbitrage Fund | Hybrid-Arbitrage |
Hybrid-Arbitrage
|
Aditya Birla Sun Life Equity Savings Fund | Aditya Birla Sun Life Equity Savings Fund | Hybrid-Debt Oriented |
Hybrid-Equity Savings
|
Aditya Birla Sun Life Floating Rate Fund – LTP | Aditya Birla Sun Life Floating Rate Fund – LTP | Debt-Ultra Short Term | Debt-Floater |
Aditya Birla Sun Life Gilt Plus PF Plan | Aditya Birla Sun Life Government Securities Fund | Debt-Gilt | Debt-Gilt |
Aditya Birla Sun Life Govt Securities Fund – Long Term Plan | Merged with Aditya Birla Sun Life Savings Fund | Debt-Gilt |
Debt-Ultra Short Duration
|
Aditya Birla Sun Life Income Plus | Aditya Birla Sun Life Income Fund | Debt-Income |
Debt-Medium to Long Duration
|
Aditya Birla Sun Life India Opportunities Fund | Merged with Aditya Birla Sun Life Digital India Fund | Equity-Sector |
Equity-Sectoral/Thematic
|
Aditya Birla Sun Life India Reforms Fund | Merged with Aditya Birla Sun Life Digital India Fund | Equity-Multi Cap |
Equity-Sectoral/Thematic
|
Aditya Birla Sun Life International Equity Fund – Plan A | Aditya Birla Sun Life International Equity Fund – Plan A | Equity-Global |
Equity-Sectoral/Thematic
|
Aditya Birla Sun Life Medium Term Plan | Aditya Birla Sun Life Medium Term Plan | Debt-Credit Opportunities |
Debt-Medium Duration
|
Aditya Birla Sun Life Mid Cap Fund – Plan A | Aditya Birla Sun Life Mid Cap Fund | Equity-Mid Cap |
Equity-Mid Cap
|
Aditya Birla Sun Life MIP | Merged with Aditya Birla Sun Life Regular Savings Fund | Debt-MIP |
Hybrid-Conservative
|
Aditya Birla Sun Life MIP II – Savings 5 | Merged with Aditya Birla Sun Life Regular Savings Fund | Debt-MIP |
Hybrid-Conservative
|
Aditya Birla Sun Life MIP II – Wealth 25 | Aditya Birla Sun Life Regular Savings Fund | Debt-MIP |
Hybrid-Conservative
|
Aditya Birla Sun Life MNC Fund | Aditya Birla Sun Life MNC Fund | Equity-Sector |
Equity-Sectoral/Thematic
|
Aditya Birla Sun Life Money Market Fund | – | – | |
Aditya Birla Sun Life Monthly Income | Merged with Aditya Birla Sun Life Regular Savings Fund | Debt-MIP |
Hybrid-Conservative
|
Aditya Birla Sun Life New Millennium | Aditya Birla Sun Life Digital India Fund | Equity-Sector |
Equity-Sectoral/Thematic
|
Aditya Birla Sun Life Pure Value Fund | Aditya Birla Sun Life Pure Value Fund | Equity-Mid Cap | Equity-Value |
Aditya Birla Sun Life Savings Fund | Aditya Birla Sun Life Savings Fund | Debt-Ultra Short Term |
Debt-Ultra Short Duration
|
Aditya Birla Sun Life Short Term Fund | Aditya Birla Sun Life Corporate Bond Fund | Debt-Short Term |
Debt-Corporate Bond
|
Aditya Birla Sun Life Short Term Opportunities Fund | Aditya Birla Sun Life Short Term Opportunities Fund | Debt-Short Term |
Debt-Short Duration
|
Aditya Birla Sun Life Small & Midcap Fund | Aditya Birla Sun Life Small Cap Fund | Equity-Mid Cap |
Equity-Small Cap
|
Aditya Birla Sun Life Special Situations Fund | Merged with Aditya Birla Sun Life Equity Fund | Equity-Multi Cap |
Equity-Multi Cap
|
Aditya Birla Sun Life Tax Plan | Closed | Equity-Tax – ELSS | Equity-ELSS |
Aditya Birla Sun Life Tax Savings Fund | Merged with Aditya Birla Sun Life Tax Relief 96 | Equity-Tax – ELSS | Equity-ELSS |
Aditya Birla Sun Life Top 100 Fund | Aditya Birla Sun Life Focused Equity Fund | Equity-Large Cap |
Equity-Focused
|
Old Names | New Names | Old Categories |
New Categories
|
Aditya Birla Sun Life Banking and Financial Services Fund | Aditya Birla Sun Life Banking and Financial Services Fund | Equity-Sector |
Equity-Sectoral/Thematic
|
Aditya Birla Sun Life Dynamic Bond Fund | Aditya Birla Sun Life Dynamic Bond Fund | Debt-Dynamic |
Debt-Dynamic
|
Aditya Birla Sun Life Equity Fund | Aditya Birla Sun Life Equity Fund | Equity-Multi Cap |
Equity-Multi Cap
|
Aditya Birla Sun Life Frontline Equity Fund | Aditya Birla Sun Life Frontline Equity Fund | Equity-Large Cap |
Equity-Large Cap
|
Aditya Birla Sun Life Index Fund | Aditya Birla Sun Life Index Fund | Equity-Index | Equity-Index |
Aditya Birla Sun Life India GenNext Fund | Aditya Birla Sun Life India GenNext Fund | Equity-Sector |
Equity-Sectoral/Thematic
|
Aditya Birla Sun Life Infrastructure Fund | Aditya Birla Sun Life Infrastructure Fund | Equity-Sector |
Equity-Sectoral/Thematic
|
Aditya Birla Sun Life Manufacturing Equity Fund | Aditya Birla Sun Life Manufacturing Equity Fund | Equity-Sector |
Equity-Sectoral/Thematic
|
If there is a category change, you might have to change your strategy of investment. These drastic changes are largely in equity mutual funds. Debt funds category names have changed too but there isn’t much difference in their investment style.
If you are confused, contact your mutual fund advisor for guidance on this issue.
If mutual funds are being, you need not worry as the mutual fund company will take care of the merger. Since in the above mergers, there is no real category change, you do not need to make any changes to your investment strategy.
If only the name of the mutual fund has changed, then there is no need to worry or do anything. You can simply continue investing as you already were.
There are several mutual funds offered by various mutual fund companies. Many of these are in effect duplicates of each other. Further, they also have names that might confuse and intimidate a new investor.
Keeping this in mind, SEBI has decided to recategorize mutual funds and schemes. It has also mandated that each mutual fund company can only have one mutual fund under each category.
Thus, all mutual fund companies are renaming, recategorizing, and merging mutual funds to comply with this circular by SEBI.