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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.

Aditya Birla Mutual Fund Names & Category Changes

Some Aditya Birla Mutual Fund names are changing, some are being merged, and in case of some, the category is changing.

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Old Fund Names

New Fund Name

Category – Old

Category New

Aditya Birla Sun Life Advantage FundAditya Birla Sun Life Equity Advantage FundEquity-Multi Cap
Equity-Large & Mid Cap
Aditya Birla Sun Life Balanced 95Aditya Birla Sun Life Balanced 95 FundHybrid-Equity Oriented
Hybrid-Aggressive
Aditya Birla Sun Life Balanced Advantage FundAditya Birla Sun Life Balanced Advantage FundHybrid-Equity Oriented
Hybrid-Dynamic Asset Allocation
Aditya Birla Sun Life Cash ManagerAditya Birla Sun Life Low DurationDebt-Ultra Short Term
Debt-Low Duration
Aditya Birla Sun Life Cash PlusAditya Birla Sun Life Liquid FundDebt-LiquidDebt-Liquid
Aditya Birla Sun Life Commodity Equities Fund – Global AgriAditya Birla Sun Life Commodity Equities Fund – Global AgriEquity-Global
Equity-Sectoral/Thematic
Aditya Birla Sun Life Constant Maturity 10 Year Gilt FundMerged with Government Securities FundDebt-GiltDebt-Gilt
Aditya Birla Sun Life Corporate Bond FundAditya Birla Sun Life Credit Risk FundDebt-Credit Opportunities
Debt-Credit Risk
Aditya Birla Sun Life Dividend Yield PlusAditya Birla Sun Life Dividend Yield Plus FundEquity-Multi Cap
Equity-Dividend Yield
Aditya Birla Sun Life Dividend Yield Plus FundAditya Birla Sun Life Dividend Yield Plus FundEquity-Multi CapEquity-
Aditya Birla Sun Life Enhanced Arbitrage FundAditya Birla Sun Life Arbitrage FundEquity-Arbitrage
Hybrid-Arbitrage
Aditya Birla Sun Life Equity Advantage FundAditya Birla Sun Life Arbitrage FundHybrid-Arbitrage
Hybrid-Arbitrage
Aditya Birla Sun Life Equity Savings FundAditya Birla Sun Life Equity Savings FundHybrid-Debt Oriented
Hybrid-Equity Savings
Aditya Birla Sun Life Floating Rate Fund – LTPAditya Birla Sun Life Floating Rate Fund – LTPDebt-Ultra Short TermDebt-Floater
Aditya Birla Sun Life Gilt Plus PF PlanAditya Birla Sun Life Government Securities FundDebt-GiltDebt-Gilt
Aditya Birla Sun Life Govt Securities Fund – Long Term PlanMerged with Aditya Birla Sun Life Savings FundDebt-Gilt
Debt-Ultra Short Duration
Aditya Birla Sun Life Income PlusAditya Birla Sun Life Income FundDebt-Income
Debt-Medium to Long Duration
Aditya Birla Sun Life India Opportunities FundMerged with Aditya Birla Sun Life Digital India FundEquity-Sector
Equity-Sectoral/Thematic
Aditya Birla Sun Life India Reforms FundMerged with Aditya Birla Sun Life Digital India FundEquity-Multi Cap
Equity-Sectoral/Thematic
Aditya Birla Sun Life International Equity Fund – Plan AAditya Birla Sun Life International Equity Fund – Plan AEquity-Global
Equity-Sectoral/Thematic
Aditya Birla Sun Life Medium Term PlanAditya Birla Sun Life Medium Term PlanDebt-Credit Opportunities
Debt-Medium Duration
Aditya Birla Sun Life Mid Cap Fund – Plan AAditya Birla Sun Life Mid Cap FundEquity-Mid Cap
Equity-Mid Cap
Aditya Birla Sun Life MIPMerged with Aditya Birla Sun Life Regular Savings FundDebt-MIP
Hybrid-Conservative
Aditya Birla Sun Life MIP II – Savings 5Merged with Aditya Birla Sun Life Regular Savings FundDebt-MIP
Hybrid-Conservative
Aditya Birla Sun Life MIP II – Wealth 25Aditya Birla Sun Life Regular Savings FundDebt-MIP
Hybrid-Conservative
Aditya Birla Sun Life MNC FundAditya Birla Sun Life MNC FundEquity-Sector
Equity-Sectoral/Thematic
Aditya Birla Sun Life Money Market Fund
Aditya Birla Sun Life Monthly IncomeMerged with Aditya Birla Sun Life Regular Savings FundDebt-MIP
Hybrid-Conservative
Aditya Birla Sun Life New MillenniumAditya Birla Sun Life Digital India FundEquity-Sector
Equity-Sectoral/Thematic
Aditya Birla Sun Life Pure Value FundAditya Birla Sun Life Pure Value FundEquity-Mid CapEquity-Value
Aditya Birla Sun Life Savings FundAditya Birla Sun Life Savings FundDebt-Ultra Short Term
Debt-Ultra Short Duration
Aditya Birla Sun Life Short Term FundAditya Birla Sun Life Corporate Bond FundDebt-Short Term
Debt-Corporate Bond
Aditya Birla Sun Life Short Term Opportunities FundAditya Birla Sun Life Short Term Opportunities FundDebt-Short Term
Debt-Short Duration
Aditya Birla Sun Life Small & Midcap FundAditya Birla Sun Life Small Cap FundEquity-Mid Cap
Equity-Small Cap
Aditya Birla Sun Life Special Situations FundMerged with Aditya Birla Sun Life Equity FundEquity-Multi Cap
Equity-Multi Cap
Aditya Birla Sun Life Tax PlanClosedEquity-Tax – ELSSEquity-ELSS
Aditya Birla Sun Life Tax Savings FundMerged with Aditya Birla Sun Life Tax Relief 96Equity-Tax – ELSSEquity-ELSS
Aditya Birla Sun Life Top 100 FundAditya Birla Sun Life Focused Equity FundEquity-Large Cap
Equity-Focused

Aditya Birla Mutual Funds That Have Not Undergone Any Change

Old NamesNew NamesOld Categories
New Categories
Aditya Birla Sun Life Banking and Financial Services FundAditya Birla Sun Life Banking and Financial Services FundEquity-Sector
Equity-Sectoral/Thematic
Aditya Birla Sun Life Dynamic Bond FundAditya Birla Sun Life Dynamic Bond FundDebt-Dynamic
Debt-Dynamic
Aditya Birla Sun Life Equity FundAditya Birla Sun Life Equity FundEquity-Multi Cap
Equity-Multi Cap
Aditya Birla Sun Life Frontline Equity FundAditya Birla Sun Life Frontline Equity FundEquity-Large Cap
Equity-Large Cap
Aditya Birla Sun Life Index FundAditya Birla Sun Life Index FundEquity-IndexEquity-Index
Aditya Birla Sun Life India GenNext FundAditya Birla Sun Life India GenNext FundEquity-Sector
Equity-Sectoral/Thematic
Aditya Birla Sun Life Infrastructure FundAditya Birla Sun Life Infrastructure FundEquity-Sector
Equity-Sectoral/Thematic
Aditya Birla Sun Life Manufacturing Equity FundAditya Birla Sun Life Manufacturing Equity FundEquity-Sector
Equity-Sectoral/Thematic

Aditya Birla Sun Life Fund Names Changed: What to Do?

If Mutual Fund Name & Category Has Changed

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 Merged

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 Mutual Fund Name Has Changed

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.

Why are Aditya Birla Mutual Fund Names and Categories Changing?

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.

Investment in securities market are subject to market risks, read all the related documents carefully before investing. Please read the Risk Disclosure documents carefully before investing in Equity Shares, Derivatives, Mutual fund, and/or other instruments traded on the Stock Exchanges. As investments are subject to market risks and price fluctuation risk, there is no assurance or guarantee that the investment objectives shall be achieved. NBT do not guarantee any assured returns on any investments. Past performance of securities/instruments is not indicative of their future performance.

Happy investing!
Disclaimer: the views expressed here are of the author and do not reflect those of Groww. 
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