Description

Nippon India Mutual Fund announces scheme name change from Multi Asset Active FoF to Multi-Asset Omni FoF effective August 29, 2025.

Summary

Nippon India Mutual Fund has announced a scheme name change for its Multi Asset Active FoF scheme to align with SEBI and AMFI framework for Fund of Fund schemes. The scheme will be renamed from “Nippon India Multi Asset Active FoF” to “Nippon India Multi-Asset Omni FoF” effective August 29, 2025.

Key Points

  • Scheme name change from Nippon India Multi Asset Active FoF to Nippon India Multi-Asset Omni FoF
  • Change mandated by SEBI & AMFI communication dated June 30, 2025
  • All other terms and conditions of the scheme remain unchanged
  • Change is part of framework for launching FoF schemes with multiple underlying funds

Regulatory Changes

SEBI and AMFI issued a framework on June 30, 2025 regarding “Framework for launching of Fund of Fund (FOF) Schemes with multiple underlying funds” requiring all AMCs to align and re-categorize their existing FOFs as per the new framework.

Compliance Requirements

  • Nippon India Mutual Fund must implement the scheme name change
  • All scheme documents including SID, KIM, and SAI to be updated with the new name
  • Addendum forms integral part of existing scheme documents

Important Dates

  • SEBI & AMFI Communication: June 30, 2025
  • Notice Date: August 26, 2025
  • Effective Date: August 29, 2025

Impact Assessment

Minimal impact as this is purely an administrative name change with no operational changes to the fund. All existing terms and conditions remain unchanged. Investors need not take any action as the change is automatic.

Impact Justification

Administrative scheme name change with no impact on operations or investments