Name Change of Motilal Oswal Mutual Funds: 9 Changes You Should Be Aware Of
Motilal Oswal Asset Management Company is changing the names and categories of few of its mutual funds. Mutual funds of many Asset Management Companies are being changed after a recent circular by the Securities and Exchange Board of India. This move by the regulator 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.
Motilal Oswal Mutual Fund Name & Category Changes
Few Motilal Oswal Mutual Fund names are changing, few are being merged, and few funds are being recategorized.
Motilal Oswal Mutual Fund Name Change
This table contains the names of the Motilal Oswal Mutual Funds whose names have changed:
| Old Name | New Name |
| Motilal Oswal MOSt Focused 25 Fund | Motilal Oswal Focused 25 Fund |
| Motilal Oswal MOSt Focused Midcap 30 | Motilal Oswal Midcap 30 Fund |
| Motilal Oswal MOSt Ultra Short Term Bond | Motilal Oswal Ultra Short Term Fund |
| Motilal Oswal MOSt Focused Dynamic Equity Fund | Motilal Oswal Dynamic Fund |
| Motilal Oswal MOSt Focused Multicap 35 Fund | Motilal Oswal Multicap 35 Fund |
| Motilal Oswal MOSt Focused Long Term Fund | Motilal Oswal Long Term Equity Fund |
| Motilal Oswal MOSt Shares M50 ETF | Motilal Oswal M50 ETF |
| Motilal Oswal MOSt Shares Midcap 100 ETF | Motilal Oswal Midcap 100 ETF |
| Motilal Oswal MOSt Shares NASDAQ 100 ETF | Motilal Oswal NASDAQ 100 ETF |
Motilal Oswal 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, investors need not make any changes to their 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 Motilal Oswal 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 been 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 the directives of the regulator.
Happy investing!
Disclaimer: The views expressed here are of the author and do not reflect those of Groww.