Description
MIRAE ASSET Mutual Fund announces name changes for two Fund of Fund schemes effective May 6, 2025.
Summary
MIRAE ASSET Mutual Fund has announced name changes for two Fund of Fund schemes effective May 6, 2025, as part of streamlining schemes filed under FOF category with multiple underlying funds, pursuant to SEBI letter dated February 6, 2025.
Key Points
- Two MIRAE ASSET Fund of Fund schemes undergo name changes
- Changes effective from May 6, 2025
- Board approval obtained from both AMC and Trustee Company
- Part of compliance with SEBI directive dated February 6, 2025
- All other terms and conditions remain unchanged
Regulatory Changes
Scheme name changes implemented to comply with SEBI requirements for streamlining Fund of Fund category schemes with multiple underlying funds.
Compliance Requirements
- Notice cum addendum forms integral part of Scheme Information Documents (SIDs) and Key Information Memorandums (KIMs)
- Updated documentation to reflect new scheme names
- Investors to note the name changes for identification purposes
Important Dates
- Effective Date: May 6, 2025
- Notice Date: April 29, 2025
Scheme Name Changes
| Old Name | New Name |
|---|---|
| Mirae Asset Equity Allocator Fund of Fund | Mirae Asset Diversified Equity Allocator Passive FOF |
| Mirae Asset Global Electric & Autonomous Vehicles ETFs Fund of Fund | Mirae Asset Global Electric & Autonomous Vehicles Equity Passive FOF |
Impact Assessment
Minimal operational impact as this is purely an administrative name change. Investors need to be aware of the new scheme names for future reference and transactions. No changes to investment strategy, portfolio composition, or fund management.
Impact Justification
Administrative scheme name changes with no operational impact