Description
Invesco Mutual Fund is changing the nomenclature of plans across 17 schemes launched before December 31, 2012, renaming distributor plans as 'Regular Plan' and direct plans as 'Direct Plan' effective November 21, 2025.
Summary
Invesco Mutual Fund has announced a change in nomenclature for plans offered under 17 schemes that were launched prior to December 31, 2012. The existing plan names will be simplified: plans for investors investing through distributors will be called ‘Regular Plan’ instead of the scheme name, and plans for investors investing directly will be called ‘Direct Plan’ instead of ‘Scheme Name - Direct Plan’. This change becomes effective on November 21, 2025.
Key Points
- Plan nomenclature changes apply to 17 schemes launched before December 31, 2012
- Distributor channel investments: Previously labeled as ‘Scheme Name’, now renamed ‘Regular Plan’
- Direct investments: Previously labeled as ‘Scheme Name - Direct Plan’, now renamed ‘Direct Plan’
- Changes effective from Friday, November 21, 2025
- Notice issued by Invesco Asset Management (India) Pvt. Ltd. on November 19, 2025
- Reference to ‘Existing Plan’ will be deleted from documentation
- Necessary amendments will be made to SAI, SIDs, and KIMs
Affected Schemes
The following 17 schemes are impacted by the nomenclature change:
- Invesco India Arbitrage Fund
- Invesco India Balanced Advantage Fund
- Invesco India Banking and PSU Fund
- Invesco India Contra Fund
- Invesco India Corporate Bond Fund
- Invesco India ELSS Tax Saver Fund
- Invesco India Financial Services Fund
- Invesco India Gilt Fund
- Invesco India Gold ETF Fund of Fund
- Invesco India Infrastructure Fund
- Invesco India Large & Mid Cap Fund
- Invesco India Largecap Fund
- Invesco India Midcap Fund
- Invesco India Multicap Fund
- Invesco India PSU Equity Fund
- Invesco India Short Duration Fund
- Invesco India Ultra Short Duration Fund
Schemes Not Affected
The nomenclature change does NOT apply to:
- Invesco India Money Market Fund
- Invesco India Liquid Fund
- Invesco India Low Duration Fund
- Exchange Traded Funds (ETFs)
Regulatory Changes
This is an administrative update to improve clarity in plan naming conventions. The change aligns with industry standards for distinguishing between regular (distributor-mediated) and direct investment plans. Documentation updates will be made to:
- Statement of Additional Information (SAI)
- Scheme Information Documents (SIDs)
- Key Information Memorandums (KIMs)
Compliance Requirements
- Fund documentation will be updated to reflect new nomenclature
- All references to ‘Existing Plan’ will be removed
- Existing investors do not need to take any action
- All other terms and conditions remain unchanged
- The addendum forms an integral part of updated fund documentation
Important Dates
- November 19, 2025: Notice issued by Invesco Asset Management
- November 21, 2025: Effective date for nomenclature changes
- November 26, 2025: BSE circular publication date
Impact Assessment
Market Impact: Minimal. This is a cosmetic change affecting only the labeling of investment plans.
Investor Impact: No financial or operational impact on existing or new investors. Unit holdings, NAV calculations, expense ratios, and investment objectives remain unchanged. Investors will see updated plan names in statements and documentation going forward.
Operational Impact: Fund documentation and systems will need updates to reflect new nomenclature. The change provides clearer distinction between regular and direct plans, potentially improving investor understanding of plan types.
Compliance Impact: Standard documentation amendments required. No material changes to scheme operations or regulatory compliance obligations.
Impact Justification
Administrative nomenclature change affecting investor-facing plan names only. No changes to fund operations, fees, or investment strategy. Low impact on investors as it is primarily a labeling update for clarity.