Various DSP Blackrock mutual fund names have been changed. Not just that, many mutual funds are also being recategorized and merged, after a recent circular by Securities and Exchange Board of India.
The new rule states that every mutual fund company can only have one mutual fund offering under each category.
In this article
- DSP Blackrock Mutual Fund Name Renaming and Re-Categorization
- DSP Blackrock Mutual Funds That Did Not Change
- What Should Investors do?
- Why are DSP Blackrock Mutual Fund Names and Categories Changing?
DSP Blackrock Mutual Fund Name Renaming and Re-Categorization
Few DSP Blackrock Mutual Fund names are changing, few are being merged, and few funds are being recategorized.
|Old Name||New Name||Old- Category||New- Category|
|DSP BlackRock 75/25 Fund||DSP BlackRock Regular Savings Fund||Debt-MIP|
|DSP BlackRock Arbitrage Fund||DSP BlackRock Arbitrage Fund||Hybrid-Arbitrage|
|DSP BlackRock Balanced Fund||DSP BlackRock Equity & Bond Fund||Balanced-Balanced|
|DSP BlackRock Balanced Fund||DSP BlackRock Equity & Bond Fund||Hybrid-Balanced|
|DSP BlackRock Banking & PSU Debt Fund||DSP BlackRock Banking & PSU Debt Fund||Debt-Short Term|
Debt-Banking & PSU
|DSP BlackRock Bond Fund||DSP BlackRock Bond Fund||Debt-Income|
|DSP BlackRock Constant Maturity 10Y G-Sec Fund||DSP BlackRock 10Y G-Sec Fund||Gilt-Long Term|
Debt-Gilt 10 Year
|DSP BlackRock Credit Risk Fund||DSP BlackRock Credit Risk Fund||Debt-Credit Opportunities|
|DSP BlackRock Equal Nifty 50 Fund||DSP BlackRock Equal Nifty 50 Fund||Equity-Index||Equity-Index|
|DSP BlackRock Equity Savings Fund||DSP BlackRock Equity Savings Fund||Hybrid-Debt Oriented|
|DSP BlackRock Focus Fund||DSP BlackRock Focus Fund||Equity-Large Cap|
|DSP BlackRock Government Securities Fund||DSP BlackRock Government Securities Fund||Debt-Gilt||Debt-Gilt|
|DSP BlackRock India Tiger Fund||DSP BlackRock India Tiger Fund||Equity-Sector|
|DSP BlackRock Mid Cap Fund||DSP BlackRock Mid Cap Fund||Equity-Mid Cap|
|DSP BlackRock Money Manager Fund||DSP BlackRock Money Manager Fund||Debt-Ultra Short Term|
Debt-Ultra Short Duration
|DSP BlackRock Opportunities Fund||DSP BlackRock Equity Opportunities Fund||Equity-Diversified|
Equity-Large & Mid Cap
|DSP BlackRock Short Term Fund||DSP BlackRock Short Term Fund||Debt-Short Term|
|DSP BlackRock Treasury Bill Fund||DSP BlackRock Savings Fund||Gilt-Short Term|
|DSP BlackRock Treasury Bill Fund||DSP BlackRock Savings Fund||Debt-Short Term|
|DSP BlackRock Ultra Short Term Fund||DSP BlackRock Low Duration Fund||Debt-Ultra Short Term|
|DSP BlackRock World Gold Fund||DSP BlackRock World Gold Fund||Gold-Fund of Funds|
DSP Blackrock Mutual Funds That Did Not Change
|Old Name||New Name||Old- Category||New- Category|
|DSP BlackRock Liquidity Fund||DSP BlackRock Liquidity Fund||Debt-Liquid||Debt-Liquid|
|DSP BlackRock Natural Resources & New Energy Fund||DSP BlackRock Natural Resources & New Energy Fund||Equity-Sector|
|DSP BlackRock Small Cap Fund||DSP BlackRock Small Cap Fund||Equity-Small Cap|
|DSP BlackRock Strategic Bond Fund||DSP BlackRock Strategic Bond Fund||Debt-Dynamic|
|DSP BlackRock Tax Saver Fund||DSP BlackRock Tax Saver Fund||Equity-Tax – ELSS||Equity-ELSS|
|DSP BlackRock Technology.com Fund||DSP BlackRock Technology.com Fund||Equity-Sector|
|DSP BlackRock Top 100 Equity Fund||DSP BlackRock Top 100 Equity Fund||Equity-Large Cap|
What Should Investors do?
If Mutual Fund Name & Category Has Been Changed
If there is a change in category, an investor might have to change his/her investment strategy in order to keep in sync with the fund’s policies.
These extreme changes are largely in equity mutual funds. Debt fund category names have changed too, but there is not much difference in their investment style.
If an investor is confused, he/she should contact his mutual fund advisor on the concerned 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 the Mutual Fund Name Has Changed
If only the name of the mutual fund scheme has changed, then there is no need to be concerned. Investors can simply continue investing as they already were.
Why are DSP Blackrock Mutual Fund Names and Categories Changing?
There are many mutual funds offered by different Asset Management Companies. Many of these are in effect with 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 (SEBI) has decided to recategorize mutual fund schemes, in order to make the entire investing process uncomplicated.
Thus, all Asset Management Companies are renaming, recategorizing, and merging mutual funds to comply with this directives by the regulator.
To know about the best mutual fund in every category, see: The 30 Best Mutual Funds to Invest in 2018 – Groww 30.
Disclaimer: the views expressed here are of the author and do not reflect those of Groww.