Description

Bandhan Mutual Fund scheme names changed effective August 31, 2025 following SEBI categorization requirements for Fund of Funds schemes.

Summary

NSE has notified members about scheme name changes for three Bandhan Mutual Fund schemes effective August 31, 2025. The changes are part of SEBI’s new categorization framework for Fund of Funds (FOF) schemes announced in February 2025.

Key Points

  • Three Bandhan Mutual Fund schemes renamed on NSE MF Invest platform
  • Changes effective from August 31, 2025
  • Part of SEBI’s new FOF categorization framework
  • Scheme categories and sub-categories also modified
  • Notice cum addendum provided by Bandhan Mutual Fund

Regulatory Changes

  • Implementation of SEBI Letter dated February 6, 2025 regarding FOF scheme framework
  • AMFI communication no. 35P/MEM-COR/31/2025-26 dated June 30, 2025
  • New categorization system for Fund of Funds schemes with multiple underlying funds
  • Scheme Information Document (SID) and Key Information Memorandum (KIM) modifications

Compliance Requirements

  • NSE members must update their systems with new scheme names
  • Platform operators need to reflect changes on NSE MF Invest platform
  • Investors should be aware of the new scheme names for their holdings
  • Documentation updates required for all related materials

Important Dates

  • August 31, 2025: Effective date for scheme name changes
  • September 1, 2025: NSE circular notification date

Impact Assessment

Scheme Name Changes:

  • Bandhan US Treasury Bond 0–1 year Fund of Fund → Bandhan US Treasury Bond 0–1 year specific Debt Passive FOF
  • Bandhan Income Plus Arbitrage Fund of Funds → Bandhan Income Plus Arbitrage Active FOF
  • Bandhan US Equity Fund of Fund → Bandhan US specific Equity Active FOF

Category Changes:

  • US Treasury Bond scheme: Fund of Funds → Overseas FoF (Country Specific Debt FoF)
  • Income Plus Arbitrage scheme: Fund of Funds → Hybrid FoF (Domestic) - Income Plus Arbitrage FOF

Impact is primarily administrative, affecting system updates and investor documentation rather than investment strategy or fund performance.

Impact Justification

Administrative changes to mutual fund scheme names affecting investors and platforms but not trading operations