Name Change of Invesco India Mutual Funds: 17 Changes You Should Be Aware Of

Invesco India 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.

Invesco India Mutual Fund Name & Category Changes

Few Invesco India Mutual Fund names are changing, few are being merged, and few funds are being recategorized.

Invesco India Mutual Fund Name Change

This table contains the names of the Invesco India Mutual Funds whose names have changed:

Old Name	Old Category	New Name	New Category
Invesco India Active Income Fund	An open-ended Income Scheme	Invesco India Corporate Bond Fund	An open-ended debt scheme predominantly investing in AA+ and above rated corporate bonds.
Invesco India Bank Debt Fund	An Open ended Debt Scheme	Invesco India Banking & PSU Debt Fund	An open ended debt scheme predominantly investing in Debt instruments of banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds
Invesco India Corporate Bond Opportunities Fund	An Open ended Income Scheme	Invesco India Credit Risk Fund	An open ended debt scheme predominantly investing in AA and below rated corporate bonds (excluding AA+ rated corporate bonds)
Invesco India Credit Opportunities Fund	An Open-ended Income Scheme	Invesco India Money Market Fund	An open ended debt scheme investing in money market instruments
Invesco India Gilt Fund	An Open ended Dedicated Gilt Fund	Invesco India Gilt Fund	An open ended debt scheme investing in government securities across maturity
Invesco India Medium Term Bond Fund	An Open-ended Income Scheme	Invesco India Ultra Short Term Fund	An open ended ultra-short term debt scheme investing in instruments such that the Macaulay duration^ of the portfolio is between 3 months to 6 months
Invesco India Monthly Income Plan (MIP) Plus	An Open Ended Income Scheme. Monthly income is not assured and is subject to availability of distributable surplus. The term ‘Plus’ has been used in terms of the asset allocation and not in terms of returns/yield.	Invesco India Regular Savings Fund	An open ended hybrid scheme investing predominantly in debt instruments.
Invesco India Ultra Short Term Fund	An Open-ended Debt Scheme	Invesco India Treasury Advantage Fund	An open ended low duration debt scheme investing in instruments such that the Macaulay duration^ of the portfolio is between 6 months to 12 months
Invesco India Arbitrage Fund	An Open-ended equity scheme	Invesco India Arbitrage Fund	An open ended scheme investing in arbitrage opportunities
Invesco India Banking Fund	An Open-ended Banking Sector Scheme	Invesco India Financial Services Fund	An open ended equity scheme investing in financial services sector
Invesco India Business Leaders Fund	An Open-ended Equity Scheme	Invesco India Largecap Fund	Large Cap Fund – An open ended equity scheme predominantly investing in large cap stocks
Invesco India Contra Fund	Invesco India Contra Fund	Invesco India Contra Fund	An open ended equity scheme following contrarian investment strategy
Invesco India Dynamic Equity Fund	An open ended equity scheme	Invesco India Dynamic Equity Fund	An open ended dynamic asset allocation fund
Invesco India Growth Fund	An Open ended diversified equity scheme	Invesco India Growth Opportunities Fund	Large & Mid Cap Fund – An open ended equity scheme investing in both large cap and mid cap stocks
Invesco India Mid Cap Fund	An Open ended equity scheme	Invesco India Midcap Fund	Mid Cap Fund – An open ended equity scheme predominantly investing in mid cap stocks
Invesco India Mid N Small Cap Fund	An Open ended equity scheme	Invesco India Multicap Fund	Multi Cap Fund – An open ended equity scheme investing across large cap, mid cap, small cap stocks
Invesco India PSU Equity Fund	An open ended equity Scheme	Invesco India PSU Equity Fund	An open ended equity scheme following PSU theme

Invesco India 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 Invesco 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.