Description
Mahindra Manulife Mutual Fund has revised the nomenclature of IDCW options for two schemes - Aggressive Hybrid Fund and Equity Savings Fund - on NSE MF Invest platform with immediate effect.
Summary
Mahindra Manulife Mutual Fund has changed the nomenclature of IDCW (Income Distribution cum Capital Withdrawal) options for two of its schemes on the NSE MF Invest platform with immediate effect. The changes specify frequency details (Monthly/Quarterly) in the option names for both Regular and Direct plans of Mahindra Manulife Aggressive Hybrid Fund and Mahindra Manulife Equity Savings Fund.
Key Points
- Changes apply to Mahindra Manulife Aggressive Hybrid Fund and Mahindra Manulife Equity Savings Fund
- IDCW options now clearly specify frequency (Monthly or Quarterly) in their names
- Both Regular Plan and Direct Plan options affected
- Changes applicable for both Reinvestment and Payout options
- Effective immediately on NSE MF Invest platform
- Notice cum addendum issued by Mahindra Manulife Mutual Fund attached
Regulatory Changes
No regulatory changes. This is an administrative nomenclature update to provide clearer identification of IDCW frequency options.
Compliance Requirements
- NSE members and participants to note the revised scheme option nomenclature
- Update systems and records to reflect new option names on NSE MF Invest platform
- Reference attached notice cum addendum from Mahindra Manulife Mutual Fund for complete details
Important Dates
- Effective Date: November 04, 2025 (immediate effect)
- Circular Date: November 04, 2025
- Circular Reference: NSE/NMFTM/71113, Circular No. 966/2025
Impact Assessment
Market Impact: Negligible - This is purely an administrative change in naming convention with no impact on fund performance, investment strategy, or investor holdings.
Operational Impact: Minimal - Platform participants need to update their systems to reflect the revised nomenclature. The change improves clarity by explicitly mentioning IDCW frequency (Monthly/Quarterly) in option names, making it easier for investors to identify the appropriate option.
Investor Impact: No financial impact - Existing investments remain unchanged. The revision only affects how the options are named on the platform, providing better transparency on payout frequency.
Impact Justification
Administrative change in scheme option nomenclature with no impact on investment strategy or investor holdings, only affects naming convention for IDCW options