Description

Aditya Birla Sun Life Mutual Fund changes scheme name from India GenNext Fund to Consumption Fund with revised asset allocation effective July 28, 2025.

Summary

Aditya Birla Sun Life Mutual Fund has announced the change of scheme name from “Aditya Birla Sun Life India GenNext Fund” to “Aditya Birla Sun Life Consumption Fund” effective July 28, 2025. The change includes updates to portfolio rebalancing procedures and asset allocation guidelines.

Key Points

  • Scheme name changed from India GenNext Fund to Consumption Fund
  • Effective date: Monday, July 28, 2025
  • Asset allocation remains: 80-100% equity and equity-related instruments, 0-20% fixed income securities
  • Updated portfolio rebalancing procedures for short-term defensive considerations and passive breaches
  • Changes approved under SEBI Mutual Funds Regulations 1996

Regulatory Changes

  • Portfolio rebalancing timeline updated to 30 calendar days for short-term defensive deviations
  • Passive breach rebalancing period set at 30 business days with possible extension to 60 business days
  • Investment Committee oversight required for rebalancing delays
  • Compliance with SEBI Master Circular on Mutual Funds dated June 27, 2024

Compliance Requirements

  • AMC must rebalance portfolio within specified timelines
  • Written justification required for rebalancing delays beyond 30 business days
  • Investment Committee must approve timeline extensions
  • Reporting and disclosure requirements must be met for extended delays

Important Dates

  • Effective Date: July 28, 2025
  • Rebalancing Timeline: 30 calendar days for defensive deviations
  • Passive Breach Timeline: 30 business days (extendable to 60 business days)

Impact Assessment

The scheme name change reflects a strategic shift towards consumption-focused investments. Existing investors will see their fund renamed but core investment strategy and allocation ranges remain unchanged. The updated rebalancing procedures provide clearer guidelines for portfolio management during market volatility.

Impact Justification

Scheme name change affects existing investors but has limited broader market impact