Description
NSE announces immediate changes to seven Aditya Birla Sun Life Mutual Fund scheme names on the MF Invest platform following recategorization of Fund of Fund schemes.
Summary
NSE has notified all members about immediate changes to seven Aditya Birla Sun Life Mutual Fund scheme names on the NSE MF Invest platform. These changes are part of the recategorization of Fund of Fund (FoF) schemes in accordance with SEBI’s framework for launching FoF schemes with multiple underlying funds.
Key Points
- Seven Aditya Birla Sun Life scheme names have been revised with immediate effect
- Changes align with SEBI’s Framework for Fund of Fund schemes dated February 6, 2025 and revised June 30, 2025
- Effective date for recategorization was August 31, 2025
- NSE has provided detailed mapping of old to new scheme names
Regulatory Changes
- Recategorization follows SEBI Letter no. SEBI/HO/IMD/IMD-RAC-1/P/OW/2025/4102/1 dated February 6, 2025
- Framework updated on June 30, 2025 for launching FoF schemes with multiple underlying funds
- Schemes now categorized as Multi Asset Allocation FOF and Hybrid FOF (Domestic)
Compliance Requirements
- Members must update their systems to reflect new scheme names
- All references to old scheme names should be updated immediately
- Notice cum addendum from Aditya Birla Mutual Fund attached for reference
Important Dates
- September 1, 2025: Circular issue date and immediate implementation
- August 31, 2025: Effective date for scheme recategorization
Impact Assessment
The name changes are administrative in nature and do not affect the underlying investment strategy or portfolio composition. Investors and intermediaries need to update their records and systems to reflect the new scheme names for accurate identification and processing of transactions on the NSE MF Invest platform.
Impact Justification
Operational change affecting mutual fund scheme identification but no direct trading impact