Description
Nippon India Multi Asset Active FoF renamed to Nippon India Multi - Asset Omni FoF effective August 29, 2025 following SEBI framework alignment.
Summary
Nippon India Mutual Fund has announced a scheme name change for its Multi Asset Active FoF 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 follows SEBI & AMFI communication dated June 30, 2025
- Change relates to Framework for launching Fund of Fund (FOF) schemes with multiple underlying funds
- All AMCs were required to align/re-categorize existing FOFs as per the new framework
- Name change is effective from August 29, 2025
- All other terms and conditions remain unchanged
Regulatory Changes
The change is mandated by SEBI & AMFI Framework for launching of Fund of Fund (FOF) Schemes with multiple underlying funds, requiring all existing FOFs to be re-categorized according to the new guidelines.
Compliance Requirements
- Asset Management Companies must align existing FOF schemes with the new framework
- Scheme documents will be updated to reflect the name change
- All existing terms and conditions continue to apply
Important Dates
- August 29, 2025: Effective date for scheme name change
- June 30, 2025: Date of SEBI & AMFI communication on FOF framework
- August 26, 2025: Notice date
Impact Assessment
Minimal impact as this is purely an administrative name change to comply with regulatory framework. No changes to investment strategy, portfolio composition, or fund management. Existing investors are not required to take any action.
Impact Justification
Administrative scheme name change with no operational impact on investors