Prominent Fund Houses Schemes got New Names. Did you know?

Updated on April 20, 2024 , 1504 views

Securities and Exchange Board of India (SEBI) introduced new and broad categories in Mutual Funds in order to bring uniformity in similar schemes launched by the different Mutual Funds. This is to aim and ensure that investors can find it easier to compare the products and evaluate the different options available before Investing in a scheme.

SEBI intends to make Mutual Fund investment easier for the investors. Investors could invest according to their needs, Financial goals and risk ability. SEBI has circulated new Mutual Fund categorisation on 6th October 2017. This mandates Mutual Fund Houses to categorise all their schemes (existing & future scheme) into 5 broad categories and 36 sub-categories.

3. Hybrid Schemes (6 categories)

Conservative hybrid fund
Balanced hybrid fund and Aggressive hybrid fund
Dynamic Asset Allocation or Balanced advantage fund
Multi asset allocation
Arbitrage fund
Equity savings

4. Solution Oriented Schemes (2 categories)

retirement fund
Children’s fund

5. Other Schemes (2 categories)

Index fund/ETF
FOFs (Overseas domestic)

Mutual fund houses are making changes in the schemes to comply with SEBI's new re-categorisation norms. Here is a list of some of the top fund houses that have changed their existing mutual fund schemes to a new name.

SBI Mutual Fund

Existing Scheme Name	New Scheme Name
SBI Corporate Bond Fund	SBI Credit Risk Fund
SBI Emerging Businesses Fund	SBI Focused Equity Fund
SBI FMCG Fund	SBI Consumption Opportunities Fund
SBI IT Fund	SBI Technology Opportunities Fund
SBI Magnum Balanced Fund	SBI Equity Hybrid Fund
SBI Magnum Equity Fund	SBI Magnum Equity ESG Fund
SBI Magnum Gilt Fund - Long term plan	SBI Magnum Gilt Fund
SBI Magnum Gilt Fund - Long Term Growth - PF Fixed 2 Years	SBI Magnum Gilt Fund - PF Fixed 2 Years
SBI Magnum Gilt Fund - Long Term Growth - PF Fixed 3 Years	SBI Magnum Gilt Fund - PF Fixed 3 Years
SBI Magnum Gilt Fund Short Term	SBI Magnum Constant Maturity Fund
SBI Magnum InstaCash Fund - Liquid Floater Plan	SBI Overnight Fund
SBI Magnum InstaCash Fund	SBI Magnum Ultra Short Duration Fund
SBI Magnum Monthly Income Plan Floater	SBI Multi Asset Allocation Fund
SBI Magnum Monthly Income Plan	SBI Debt Hybrid Fund
SBI Magnum Multiplier Fund	SBI Large and Midcap Fund
SBI Pharma Fund	SBI Healthcare Opportunities Fund
SBI - Premier Liquid Fund	SBI Liquid Fund
SBI Regular Savings Fund	SBI Magnum Medium Duration Fund
SBI Small & Midcap Fund	SBI Small Cap Fund
SBI Treasury Advantage Fund	SBI Banking and PSU Fund
SBI-Short Horizon Fund - Ultra Short Term	SBI Magnum Low Duration Fund

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HDFC Mutual Fund

Existing Scheme Name	New Scheme Name
HDFC Cash Management Fund - Treasury Advantage Plan	HDFC Low Duration Fund
HDFC Corporate Debt Opportunities Fund	HDFC Credit Risk Debt fund
HDFC Floating Rate Income Fund - Short Term Plan	HDFC Floating Rate Debt Fund - Retail Plan
HDFC Gilt Fund - Long Term Plan	HDFC Gilt Fund
HDFC High Interest Fund - Dynamic Plan	HDFC Dynamic Debt Fund
HDFC High Interest Fund - Short Term Plan	HDFC Medium Term Debt Fund
HDFC Medium Term Opportunities Fund	HDFC Corporate Bond Fund
HDFC Short Term Opportunities Fund	HDFC Short Term Debt Fund
HDFC Capital Builder Fund	HDFC Capital Builder Value Fund
HDFC Cash Management Fund - Call Plan	HDFC Overnight Fund
HDFC Cash Management Fund - Savings Plan	HDFC Money Market Fund
HDFC Core & Satellite Fund	HDFC Focused 30 Fund
HDFC Growth Fund	HDFC Balanced Advantage Fund
HDFC Index Fund- Nifty Plan	HDFC Index Fund - NIFTY 50 Plan
HDFC Large Cap Fund	HDFC Growth Opportunities Fund
hdfc mf Monthly Income Plan - LTP	HDFC Hybrid Debt Fund
HDFC Multiple Yield Fund - Plan 2005	HDFC Multi-Asset Fund
HDFC Premier Multi-Cap Fund	HDFC Hybrid Equity Fund
HDFC Top 200	HDFC Top 100 Fund
HDFC Index Fund – SENSEX Plus Plan	HDFC Index Fund-SENSEX Plan

Reliance Mutual Fund

Existing Scheme Name	New Scheme Name
Reliance Arbitrage Advantage Fund	Reliance Arbitrage Fund
Reliance Corporate Bond Fund	Reliance Classic Bond Fund
Reliance Diversified Power Sector Fund	Reliance Power and Infra Fund
Reliance Equity Opportunities Fund	Reliance Multi Cap Fund
Reliance Floating Rate Fund - Short Term Plan	Reliance Floating Rate Fund
Reliance Liquid Fund - Cash Plan	Reliance Ultra Short Duration Fund
Reliance Liquid Fund - Treasury Plan	Reliance Liquid Fund
Reliance Liquidity Fund	Reliance Money Market Fund
Reliance Media & Entertainment Fund	Reliance Consumption Fund
Reliance Medium Term Fund	Reliance Prime Debt Fund
Reliance Mid & Small Cap Fund	Reliance Focused Equity Fund
Reliance Monthly Income Plan	Reliance Hybrid Bond Fund
Reliance Money Manager Fund	Reliance Low Duration Fund
Reliance NRI Equity Fund	Reliance Balanced Advantage Fund
Reliance Quant Plus Fund	Reliance Quant Fund
Reliance Regular Savings Fund - Balanced Plan	Reliance Equity Hybrid Fund
Reliance Regular Savings Fund - Debt Plan	Reliance Credit Risk Fund
Reliance Regular Savings Fund - Equity Plan	Reliance Value Fund
Reliance Top 200 Fund	Reliance Large Cap Fund

ICICI Prudential Mutual Fund

Existing Scheme Name	New Scheme Name
ICICI Prudential Balanced Fund	ICICI Prudential Equity and Debt Fund
ICICI Prudential Advisor Series - Cautious Plan	ICICI Prudential Advisor Series - Hybrid Fund
ICICI Prudential Advisor Series - Dynamic Accrual Plan	ICICI Prudential Advisor Series - Debt Management Fund
ICICI Prudential Advisor Series - Long Term Savings	ICICI Prudential Advisor Series - Passive Strategy Fund
ICICI Prudential Moderate	ICICI Prudential Advisor Series - Conservative Fund
ICICI Prudential Very Aggressive	ICICI Prudential Advisor Series - Thematic Fund
ICICI Prudential Corporate Bond Fund	ICICI Prudential Medium Term Bond Fund
ICICI Prudential Equity Income Fund Cumulative	ICICI Prudential Equity Savings Fund
ICICI Prudential Focused Bluechip Equity Fund	ICICI Prudential Bluechip Fund
ICICI Prudential Income Opportunities Fund	ICICI Prudential Bond Fund
ICICI Prudential Income	ICICI Prudential Long Term Bond Fund
ICICI Prudential Liquid Plan	ICICI Prudential Liquid Fund
ICICI Prudential Dynamic Plan	ICICI Prudential Multi-Asset Fund
ICICI Prudential Long Term Gilt Fund	ICICI Prudential Gilt Fund
ICICI Prudential Indo Asia Equity Fund	ICICI Prudential Smallcap Fund
ICICI Prudential Short Term Plan	ICICI Prudential Short Term Fund
ICICI Prudential Flexible Income	ICICI Prudential Savings Fund
ICICI Prudential Nifty 100 iWIN ETF	ICICI Prudential Nifty 100 ETF
ICICI Prudential Nifty Index Fund	ICICI Prudential Nifty Index Plan
ICICI Prudential Nifty iWIN ETF	ICICI Prudential Nifty ETF
ICICI Prudential Regular Income Fund	ICICI Prudential Ultra Short Term fund
ICICI Prudential Savings Fund	ICICI Prudential Floating Interest Fund
ICICI Prudential Select Large Cap Fund	ICICI Prudential Focused Equity Fund
ICICI Prudential Top 100 Fund	ICICI Prudential Large & Mid Cap Fund
ICICI Prudential Ultra Short Term	ICICI Prudential Corporate Bond Fund

DSP BlackRock Mutual Fund

Existing Scheme Name	New Scheme Name
DSP BlackRock Balanced Fund	DSP BlackRock Equity and Bond Fund
DSP BlackRock Constant Maturity 10Y G-Sec Fund	DSP BlackRock 10Y G-Sec Fund
DSP BlackRock Focus 25 Fund	DSP BlackRock Focus Fund
DSP BlackRock Income Opportunities Fund	DSP BlackRock Credit Risk Fund
DSP BlackRock Micro Cap Fund	DSP BlackRock Small Cap Fund
DSP BlackRock MIP Fund	DSP BlackRock Regular Savings Fund
DSP BlackRock Opportunities Fund	DSP BlackRock Equity Opportunities Fund
DSP BlackRock Small and Mid Cap Fund	DSP BlackRock Midcap Fund
DSP BlackRock Treasury Bill Fund	DSP BlackRock Savings Fund
DSP BlackRock Ultra Short Term Fund	DSP BlackRock Low Duration Fund

Aditya Birla Sun Life Mutual Fund

Existing Scheme Name	New Scheme Name
Aditya Birla Sun Life Enhanced Arbitrage Fund	Aditya Birla Sun Life Arbitrage Fund
Aditya Birla Sun Life MIP II - Wealth 25 Plan	Aditya Birla Sun Life Regular Savings Fund
Aditya Birla Sun Life Cash Plus	Aditya Birla Sun Life Liquid Fund
Aditya Birla Sun Life Small & Midcap Fund	Aditya Birla Sun Life Small Cap Fund
Aditya Birla Sun Life Top 100 Fund	Aditya Birla Sun Life Focused Equity Fund
Aditya Birla Sun Life Advantage Fund	Aditya Birla Sun Life Equity Advantage Fund
Aditya Birla Sun Life Balanced '95 Fund	Aditya Birla Sun Life Equity Hybrid '95 Fund
Aditya Birla Sun Life Cash Manager	Aditya Birla Sun Life Low Duration Fund
Aditya Birla Sun Life Corporate Bond Fund	Aditya Birla Sun Life Credit Risk Fund
Aditya Birla Sun Life Dividend Yield Plus	Aditya Birla Sun Life Dividend Yield Fund
Aditya Birla Sun Life Floating Rate Fund - Short Term	Aditya Birla Sun Life Money Manager Fund
Aditya Birla Sun Life Gilt Plus Fund - PF Plan	Aditya Birla Sun Life Government Securities Fund
Aditya Birla Sun Life Income Plus	Aditya Birla Sun Life Income Fund
Aditya Birla Sun Life New Millennium Fund	Aditya Birla Sun Life Digital India Fund
Aditya Birla Sun Life Short Term Fund	Aditya Birla Sun Life Corporate Bond Fund
Aditya Birla Sun Life Treasury Optimizer Fund	Aditya Birla Sun Life Banking & PSU Debt Fund

UTI Mutual Fund

Existing Scheme Name	New Scheme Name
UTI Balanced Fund	UTI Hybrid Equity Fund
UTI Banking Sector Fund	UTI Banking and Financial Services Fund
UTI - Bond Fund	UTI Bond Fund
UTI CCP Advantage Fund	UTI Children's Career Fund - Investment plan
UTI Children'S Career Balanced Plan	UTI Children's Career Fund - Savings Plan
UTI - Dividend Yield Fund	UTI Dividend Yield Fund
UTI - Floating Rate Fund - Short Term Plan	UTI Ultra Short Term Fund
UTI Gilt Advantage Fund- LTP	UTI Gilt Fund
UTI G-Sec Fund - Short Term Plan	UTI Overnight Fund
UTI Income Opportunities Fund	UTI Credit Risk Fund
UTI Long Term Equity Fund (Tax Saving)	UTI Long Term Equity Fund
UTI MIS Advantage Plan	UTI Regular Savings Fund
UTI - MNC Fund	UTI MNC Fund
UTI Opportunities Fund	UTI Value Opportunities Fund
UTI Pharma & Healthcare Fund	UTI Healthcare Fund
UTI SPREAD Fund	UTI Arbitrage Fund
UTI Top 100 Fund	UTI Core Equity Fund
UTI Wealth Builder Fund	UTI Multi Asset Fund

Sundaram Mutual Fund

Existing Scheme Name	New Scheme Name
Sundaram Balanced Fund	Sundaram Equity Hybrid Fund
Sundaram Bond Saver Fund	Sundaram Medium Term Bond Fund
Sundaram Equity Multiplier Fund	Sundaram Large and Mid Cap Fund
Sundaram Equity Plus Fund	Sundaram Multi Asset Fund
Sundaram Flexible Fund-Flexible Income Plan	Sundaram Corporate Bond Fund
Sundaram Income Plus Fund	Sundaram Short Term Credit Risk Fund
Sundaram Monthly Income Plan - Aggressive Fund	Sundaram Debt Oriented Hybrid Fund
Sundaram Rural India Fund	Sundaram Rural and Consumption Fund
Sundaram Select Debt Short Term Asset Fund	Sundaram Short Term Debt Fund
Sundaram Select Midcap Fund	Sundaram Mid Cap Fund
Sundaram SMILE Fund	Sundaram Small Cap Fund
Sundaram Ultra Short Term Fund	Sundaram Low Duration Fund

Kotak Mutual Fund

Existing Scheme Name	New Scheme Name
Kotak 50 Fund	Kotak Bluechip Fund
Kotak Bond Regular Plan Growth	Kotak Bond Fund
Kotak Income Opportunities Fund	Kotak Credit Risk Fund
Kotak Monthly Income Plan	Kotak Debt Hybrid Fund
Kotak Flexi Debt Scheme	Kotak Dynamic Bond Fund
Kotak Balance Fund	Kotak Equity Hybrid Fund
Kotak Opportunities Scheme	Kotak Equity Opportunities Fund
Kotak Classic Equity Fund	Kotak India EQ Contra Fund
Kotak Floater Short Term Fund	Kotak Money Market Scheme
Kotak Treasury Advantage Fund	Kotak Savings Fund
Kotak Midcap Scheme	Kotak Small Cap Fund
Kotak Select Focus Fund	Kotak Standard Multicap Fund

Franklin Templeton Mutual Fund

Existing Scheme Name	New Scheme Name
Franklin India Balanced Fund	Franklin India Equity Hybrid Fund
Franklin India Flexi Cap Fund	Franklin India Equity Advantage Fund
Franklin India High Growth Companies Fund	Franklin India Focused Equity Fund
Franklin India Monthly Income Plan	Franklin India Debt Hybrid Fund
Templeton India Growth Fund	Templeton India Value Fund
Franklin India Prima Plus	Franklin India Equity Fund
Franklin India Treasury Management Account	Franklin India Liquid
Franklin India savings plus Fund	Franklin India Savings Fund
Franklin India Corporate Bond Opportunities Fund	Franklin India Credit Risk Fund
Franklin India Income Builder Account	Franklin India Corporate Debt Fund
Franklin India Government Securities Fund – Long Term	Franklin India Government Securities Fund

DHFL Pramerica Mutual Fund

Existing Scheme Name	New Scheme Name
DHFL Pramerica Insta Cash Plus Fund	DHFL Pramerica Insta Cash Fund
DHFL Pramerica Top Euroland Offshore Fund	DHFL Pramerica Euro Equity Fund
DHFL Pramerica Short Term Floating Rate Fund	DHFL Pramerica Floating Rate Fund
DHFL Pramerica Income Advantage Fund	DHFL Pramerica Hybrid Debt Fund
DHFL Pramerica Balanced Advantage Fund	DHFL Pramerica Hybrid Equity Fund
DHFL Pramerica Medium Term Income Fund	DHFL Pramerica Medium Term Fund
DHFL Pramerica Inflation Indexed Bond Fund	DHFL Pramerica Strategic Debt Fund
DHFL Pramerica Credit Opportunities Fund	DHFL Pramerica Credit Risk Fund
DHFL Pramerica Equity Income Fund	DHFL Pramerica Equity Savings Fund

*Note-The list will be updated as and when we get an insight about the changes in the scheme names.

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.