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Reliance Mutual Fund, like many mutual fund companies, is changing the names and categories of some of its mutual funds. This is happening 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.

Reliance Mutual Fund Name & Category Changes

 

Old Scheme NameOld Scheme TypeNew Scheme NameNew Scheme Type
Reliance Diversified Power Sector FundAn Open Ended Power Sector SchemeReliance Power & Infra Fund
An Open Ended Equity Scheme investing in power & infrastructure sectors
Reliance Media & Entertainment FundAn Open Ended Media & Entertainment Sector SchemeReliance Consumption Fund
An Open Ended Equity Scheme following consumption theme
Reliance NRI Equity FundAn Open-Ended Diversified Equity SchemeReliance Balanced Advantage FundAn Open Ended Dynamic Asset Allocation Fund
Reliance Quant Plus FundAn Open Ended Equity SchemeReliance Quant Fund
An open ended equity scheme investing in quant model theme
Reliance Regular Savings Fund – Balanced OptionAn Open-Ended SchemeReliance Equity Hybrid Fund
An open ended hybrid scheme investing predominantly in equity and equity related instruments
Reliance Regular Savings Fund – Equity OptionAn Open-Ended SchemeReliance Value Fund
An open ended equity scheme following a value investment strategy
Reliance Top 200 FundAn Open-Ended Diversified Equity SchemeReliance Large Cap Fund
An open ended equity scheme predominantly investing in large cap stocks

Reliance Mutual Fund Mergers

Two of Reliance Mutual Fund’s are being merged.

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Old Scheme Name 1Old Scheme Name 2New Scheme NameNew Scheme Type
Reliance Focused Large Cap FundReliance Mid & Small Cap FundReliance Focused Equity Fund
An open ended Multi Cap Equity Scheme investing in maximum 30 stocks

 

Reliance Mutual 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.

Know More: New Mutual Fund Rules by SEBI: Categorization and Rationalization Of Mutual Fund Schemes

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 Reliance 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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