Description

Aditya Birla Sun Life Mutual Fund recategorizes Asset Allocator FOF to Multi-Asset Omni FOF effective August 31, 2025.

Summary

Aditya Birla Sun Life Mutual Fund has recategorized its Asset Allocator FOF scheme to Multi-Asset Omni FOF, aligning with SEBI’s new Framework for Fund of Fund schemes. The changes are effective from August 31, 2025.

Key Points

  • Scheme name changed from “Aditya Birla Sun Life Asset Allocator FOF” to “Aditya Birla Sun Life Multi-Asset Omni FOF”
  • Category changed from “Hybrid FOF (Domestic) – Active and Passive Option” to “Multi Asset Allocation FOF”
  • Investment scope expanded to include commodities-based schemes alongside equity and debt schemes
  • Asset allocation remains 95-100% in schemes/ETFs and 0-5% in money market instruments
  • Foreign securities exposure maintained at up to 35% of portfolio

Regulatory Changes

Recategorization follows SEBI Letter no. SEBI/HO/IMD/IMD-RAC-1/P/OW/2025/4102/1 dated February 6, 2025 and revised Framework dated June 30, 2025 for Fund of Fund schemes with multiple underlying funds.

Compliance Requirements

  • Scheme aligns with new SEBI Framework for FoF schemes
  • Investment objective updated to reflect broader investment universe including commodities
  • Product labelling modified to reflect new investment scope

Important Dates

  • Effective Date: August 31, 2025 (Sunday)
  • SEBI Framework Date: February 6, 2025 (original), June 30, 2025 (revised)

Impact Assessment

Existing investors will see their scheme automatically recategorized with expanded investment options including commodities. The core asset allocation strategy remains unchanged, providing continuity while offering broader diversification opportunities.

Impact Justification

Scheme recategorization affects existing investors but follows regulatory framework