Changes in Fundamental Attributes of Mutual Funds..

Dear Investors,

Hope you are doing well. 

Recently SEBI (Securities & Exchange Board of India) has mandated that there will be re-categorisation in equity and debt mutual funds across all AMC's.

This re-categorisation means there can be a change in the fundamental attributes of the prevailing mutual fund scheme that you are holding or there can be a simple name change without altering the fundamental attributes.

For example lets say ICICI ultra short term fund, has changed its fundamental attributes and is now ICICI corporate bond fund  in the category of corporate bonds.

While some funds have simply changed there names for example

HDFC Balanced fund is now HDFC hybrid equity fund, or ICICI Pru top 100 fund is now ICICI Pru large and mid cap fund keeping their fundamental attributes same.

These changes will be affected from 23rd May till first week of June (different for different AMC's) 

We will get in touch for discussing the change.

Thank you

Samarth Holdings.