Invesco Mutual Fund
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.
IDBI Mutual Fund
IDBI Debt Opportunities Fund has been renamed IDBI Corporate Debt Opportunities Fund.
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.
- Change in benchmark index
Invesco Mutual Fund
The benchmark for Invesco India Bank Debt Fund has been 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.
IDFC Mutual Fund
IDFC Super Saver Income Fund- Medium Term Plan has a change in its exit load with effect from September 29, 2016. Accordingly, the revised exit load structure will be Nil.
Tata Mutual Fund
Tata Regular Savings Equity Fund has a change in its exit load with effect from October 1, 2016. If redeemed on or before expiry of 90 days from the date of allotment, the exit load will be 0.25% of net asset value, or NAV.
IDBI Mutual Fund
Anshul Mishra has been appointed as the fund manager for IDBI Top 100 Equity Fund with effect from October 3, 2016. Mishra will now be managing the fund in place of V Balasubramanian.
