Mutual Fund: Invesco Mutual Fund
Scheme name: Invesco India Gilt Fund – Long Duration Plan has been renamed Invesco India Gilt Fund with effect from October 1, 2016.
Invesco India Gilt Fund is an open-ended gilt fund. Despite the name change, all other terms and conditions of the scheme remain unchanged.
- Change in benchmark index
Mutual Fund: Invesco Mutual Fund
Scheme name: Invesco India Bank Debt Fund
Benchmark change: The benchmark changed from CRISIL Short Term Bond Index to CRISIL 1 Year CD Index with effect from September 27, 2016.
Invesco India Bank Debt Fund is an open-ended debt scheme. Despite the change in the benchmark, all other terms and conditions of the scheme remain unchanged.
Mutual Fund: IDBI Mutual Fund
Change in name: IDBI Debt Opportunities Fund has been renamed IDBI Corporate Debt Opportunities Fund.
Change in asset allocation: Additionally, the scheme will now invest in 80-100% in debt including securitized debt instruments, debt securities issued by companies, banks, PSUs, municipal corporations, bodies corporate created under a separate Act, and invest up to 20% in money market instruments including but not limited to CDs, CPs, T-Bills, CBLO, Repo (including Repo in corporate bonds), liquid schemes.
The above changes will be effective from October 28, 2016.
