Description

SBI Mutual Fund has revised the names of multiple schemes including SBI Magnum Medium Duration, SBI Magnum Ultra Short Duration Fund, and other schemes with immediate effect on NSE MF Invest Platform.

Summary

NSE has notified all members about scheme name changes for SBI Mutual Fund schemes on the NSE MF Invest platform with immediate effect from December 16, 2025. The changes involve nine schemes where names are being simplified or modified for better clarity, including removal of “Magnum” branding from several schemes and clearer identification of fund characteristics.

Key Points

  • Nine SBI Mutual Fund schemes are undergoing name changes on NSE MF Invest platform
  • Changes are effective immediately from December 16, 2025
  • Name changes are primarily simplifications, removing “Magnum” from several scheme names
  • SBI Magnum Medium Duration renamed to SBI Medium Duration
  • SBI Magnum Ultra Short Duration Fund renamed to SBI Ultra Short Duration Fund
  • SBI Magnum Constant Maturity Fund renamed to SBI Constant Maturity 10-year Gilt Fund
  • SBI Magnum Income Fund renamed to SBI Medium to Long Duration Fund
  • SBI Magnum Gilt Fund renamed to SBI Gilt Fund
  • SBI Magnum Low Duration Fund renamed to SBI Low Duration Fund
  • SBI Magnum Children’s Benefit Fund - Savings Plan renamed to SBI Children’s Fund - Savings Plan
  • SBI Magnum Children’s Benefit Fund - Investment Plan renamed to SBI Children’s Fund - Investment Plan
  • Notice cum addendum issued by SBI Mutual Fund attached with the circular

Regulatory Changes

No regulatory changes are involved. This is an administrative update to scheme nomenclature by the Asset Management Company (AMC) to simplify and standardize scheme names across their product offerings.

Compliance Requirements

  • Exchange members and participants must update their systems to reflect the new scheme names
  • All references to the old scheme names on the NSE MF Invest platform should be updated immediately
  • Members should ensure proper communication to clients regarding the name changes
  • No action required from investors as this is only a name change with no impact on investment objectives, portfolio, or operations

Important Dates

  • Effective Date: December 16, 2025 (immediate effect)
  • Circular Issue Date: December 16, 2025
  • Circular Reference Number: NSE/NMFTM/71824, 1063/2025

Impact Assessment

Market Impact: Nil. This is a purely administrative change with no impact on market operations or trading.

Operational Impact: Low. Members and intermediaries need to update their systems and records to reflect the new scheme names. Investors’ holdings, NAV, and investment objectives remain unchanged.

Investor Impact: Minimal. Investors in these schemes will see updated scheme names in their statements and transaction records, but there is no impact on their investments, returns, or fund management strategy.

System Impact: Low. Technology systems and databases at member organizations need to be updated to reflect the new nomenclature for accurate reporting and transaction processing.

Impact Justification

Administrative change involving scheme name updates with no impact on fund operations, investment strategy, or investor holdings. This is purely a nomenclature change for better clarity and alignment with scheme characteristics.