ICICI Prudential Asset Management Company is changing the names and category of few of its mutual funds. Mutual funds of many Asset Management Companies are being changed after a recent circular by Securities and Exchange Board of India. This move by the regulator  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.

ICICI Prudential Mutual Fund Name & Category Changes

Few ICICI Prudential Mutual Fund names are changing, few are being merged, and few funds are being recategorized.

ICICI Prudential Mutual Fund Name And Category Changes

This table contains the names of the ICICI Prudential Mutual Funds whose names have changed:

Old NameNew NameOld CategoryNew Category
ICICI Prudential Balanced Advantage FundICICI Prudential Balanced Advantage FundDynamic/Asset Allocation-Dynamic Asset Allocation
Hybrid-Dynamic Asset Allocation
ICICI Prudential Balanced FundICICI Prudential Equity & Debt FundHybrid-Equity Oriented
ICICI Prudential Banking & PSU Debt FundICICI Prudential Banking & PSU Debt FundDebt-Short Term
Debt-Banking & PSU
ICICI Prudential Banking and Financial Services FundICICI Prudential Banking and Financial Services FundEquity-Sector
 ICICI Prudential Child Care Plan StudyMerged with ICICI Prudential Child Care Fund (Gift Plan)Hybrid-Debt Oriented
Solution Oriented-Children’s
ICICI Prudential Constant Maturity Gilt FundICICI Prudential Constant Maturity Gilt FundGilt-Long Term
Debt-Gilt 10 Year
ICICI Prudential Corporate Bond FundICICI Prudential Medium Term Bond FundDebt-Income
Debt-Medium Duration
ICICI Prudential Dividend Yield Equity FundICICI Prudential Dividend Yield Equity FundEquity-Mid Cap
Equity-Dividend Yield
ICICI Prudential Dynamic Bond FundMerged with ICICI Prudential Banking & PSU Debt FundDebt-Income
ICICI Prudential Dynamic PlanICICI Prudential Multi-Asset FundEquity-Multi Cap
Hybrid-Multi Asset Allocation
ICICI Prudential Equity Income FundICICI Prudential Equity Savings FundEquity-Arbitrage
Hybrid-Equity Savings
ICICI Prudential Flexible Income PlanICICI Prudential Savings PlanDebt-Ultra Short Term
Debt-Low Duration
ICICI Prudential FMCG FundICICI Prudential FMCG FundEquity-Sector
ICICI Prudential Focused Bluechip Equity FundICICI Prudential Bluechip Equity FundEquity-Large Cap
Equity-Large Cap
ICICI Prudential Gilt Fund – Treasury Plan – PF OptionMerged with ICICI Prudential Gilt FundGilt-Short TermDebt-Gilt
ICICI Prudential Income FundICICI Prudential Long Term Bond FundDebt-Income
Debt-Long Duration
ICICI Prudential Income Opportunities FundICICI Prudential Bond FundDebt-Income
Debt-Medium to Long Duration
ICICI Prudential Indo Asia Equity FundICICI Prudential Small Cap FundEquity-Global
Equity-Small Cap
ICICI Prudential Infrastructure FundICICI Prudential Liquid FundEquity-Sector
ICICI Prudential Liquid PlanICICI Prudential Liquid FundLiquid-LiquidDebt-Liquid
ICICI Prudential Long Term PlanICICI Prudential All Seasons Bond FundDebt-Income
ICICI Prudential MIPMerged with ICICI Prudential Regular Savings FundDebt-MIP
ICICI Prudential MIP 25ICICI Prudential Regular Savings FundDebt-MIP
ICICI Prudential Money Market FundICICI Prudential Money Market FundLiquid-Liquid
Debt-Money Market
ICICI Prudential Nifty Index FundICICI Prudential Nifty Index FundEquity-IndexOthers-Index
ICICI Prudential Nifty Next 50 Index FundICICI Prudential Nifty Next 50 Index FundEquity-IndexOthers-Index
ICICI Prudential Regular Gold Savings FundICICI Prudential Regular Gold Savings FundGold-Fund of Funds
Others-FoF Domestic
ICICI Prudential Regular Income FundICICI Prudential Ultra Short Term FundDebt-MIP
Debt-Ultra Short Duration
ICICI Prudential Regular Savings FundICICI Prudential Credit Risk FundDebt-Income
Debt-Credit Risk
ICICI Prudential Savings FundICICI Prudential Floating Interest FundDebt-Ultra Short TermDebt-Floater
ICICI Prudential Savings PlanICICI Prudential Floating Interest FundDebt-Ultra Short TermDebt-Floater
ICICI Prudential Select Large Cap FundICICI Prudential Focused Equity FundEquity-Large Cap
ICICI Prudential Sensex Index FundICICI Prudential Sensex Index FundEquity-IndexOthers-Index
ICICI Prudential Short Term Gilt FundMerged with ICICI Prudential Gilt FundDebt-GiltDebt-Gilt
ICICI Prudential Short Term Income PlanICICI Prudential Short Term FundDebt-Short Term
Debt-Short Duration
ICICI Prudential Top 100 FundICICI Prudential Large & Mid Cap FundEquity-Multi Cap
Equity-Large & Mid Cap
ICICI Prudential Ultra Short Term PlanICICI Prudential Corporate Bond FundDebt-Ultra Short Term
Debt-Corporate Bond
ICICI Prudential US Bluechip Equity FundICICI Prudential US Bluechip Equity FundEquity-Global Funds
ICICI Prudential Value Discovery FundICICI Prudential Value Discovery FundEquity-DiversifiedEquity-Value

ICICI Prudential Mutual Fund Names That Have Not Changed

 Old Name New Name  Old Category New Category
ICICI Prudential Equity Arbitrage FundICICI Prudential Equity Arbitrage FundHybrid-Arbitrage
ICICI Prudential Exports and Other Services FundICICI Prudential Exports and Other Services FundEquity-Sector
ICICI Prudential Long Term Equity Fund (Tax Saving)ICICI Prudential Long Term Equity Fund (Tax Saving)Equity-Tax – ELSSEquity-ELSS
ICICI Prudential  Gilt FundICICI Prudential Gilt FundDebt-GiltDebt-Gilt
ICICI Prudential MidCap FundICICI Prudential Midcap FundEquity-Mid Cap
Equity-Mid Cap
ICICI Prudential Multicap FundICICI Prudential Multicap FundEquity-Multi Cap
Equity-Multi Cap
ICICI Prudential Technology FundICICI Prudential Technology FundEquity-Sector

ICICI Prudential Mutual Fund Names Changed: What should Investors do?

If Mutual Fund Name & Category Has Changed

If there is a change in category, an investor might have to change his strategy of investment in these funds. These extreme changes are largely in equity mutual funds. Debt funds category names have changed too but there is not much difference in their investment style.

If an investor is confused, he should contact his mutual fund advisor for his advice on this issue.

If Mutual Funds Are Being Merged

If mutual funds are being merged, investors should not worry as the Asset Management company will take care of the merger. Since in the mergers, there is no real change in category, so investors need not make any changes to his investment strategy.

If Only Mutual Fund Name Has Changed

If only the name of the mutual fund scheme has changed, then there is no need to be concerned or do anything. Investors can simply continue investing as they already were.

Why are ICICI Prudential Mutual Fund Names and Categories Changing?

There are many mutual funds offered by different Asset Management 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, the Securities Exchange Board of India has decided to recategorize mutual fund schemes. It has also made compulsory that each Asset Management Company can only have one mutual fund under each category.

Thus, all Asset Management Companies are renaming, recategorizing, and merging mutual funds to comply with this directives by the regulator.

To see the best mutual funds to invest from every category, see: The 30 Best Mutual Funds to Invest in 2018 – Groww 30.

Happy investing!

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


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