Description
Nippon India Multi Asset Active FoF renamed to Nippon India Multi - Asset Omni FoF effective August 29, 2025.
Summary
Nippon India Mutual Fund has announced a scheme name change from “Nippon India Multi Asset Active FoF” to “Nippon India Multi - Asset Omni FoF” effective August 29, 2025. This change is in compliance with SEBI & AMFI Framework for Fund of Fund (FOF) schemes issued on June 30, 2025.
Key Points
- Scheme name change effective August 29, 2025
- Change mandated by SEBI & AMFI Framework for FOF schemes
- Only nomenclature change - all other terms and conditions remain unchanged
- Notice issued as Addendum No. 48
- Forms integral part of Scheme Information Document and Key Information Memorandum
Regulatory Changes
SEBI & AMFI introduced Framework for launching Fund of Fund (FOF) Schemes with multiple underlying funds on June 30, 2025, requiring all AMCs to align and re-categorize existing FOFs as per the new framework.
Compliance Requirements
- AMCs required to align existing FOF schemes with new SEBI framework
- Scheme documents updated to reflect name change
- No additional compliance requirements for investors
Important Dates
- August 29, 2025: Effective date for scheme name change
- August 26, 2025: Notice issuance date
- June 30, 2025: SEBI & AMFI Framework communication date
Impact Assessment
Minimal impact as this is purely an administrative name change. Investment strategy, portfolio management, and all other scheme features remain unchanged. Existing investors are not required to take any action.
Impact Justification
Administrative scheme name change with no operational impact on investments