List of Navi Mutual Funds that have Changed Names of Their Hybrid Schemes
Navi Mutual Fund, a prominent player in the financial market, recently announced significant alterations in the names of two of its hybrid schemes, impacting their identification for investors. This move, effective from January 1, reflects the fund’s commitment to compliance and clarity in scheme categorization.
Also Read: How Did Sachin Tendulkar’s Investment in Azad Engineering Skyrocket?
Contents
| Old Name | New/Renamed Name |
|---|---|
| Navi Regular Savings Fund | Navi Conservative Hybrid Fund |
| Navi Equity Hybrid Fund | Navi Aggressive Hybrid Fund |
The rationale behind these name changes lies in aligning with the guidelines set forth by the Securities and Exchange Board of India (SEBI). As per clause 2.6 of SEBI’s Master Circular dated May 19, 2023, schemes must bear names that aptly represent their respective categories. The purpose is to facilitate easy recognition and comprehension for investors, ensuring transparency and informed decision-making.
By adhering to these regulations, Navi Mutual Fund aims to simplify the identification process for investors seeking specific types of hybrid schemes. The renaming strategy is a deliberate step towards enhancing clarity and transparency within the fund’s offerings.
Also Read: What is the New Deadline to Add Nominee in Mutual Funds and Demat Accounts?
Conclusion:
The alterations in scheme names by Navi Mutual Fund signify their proactive approach in conforming to regulatory norms while enhancing investor convenience. Despite the name modifications, the fundamental attributes, terms, and management of these schemes remain unchanged, ensuring continuity and stability for investors’ portfolios. These changes further reinforce Navi Mutual Fund’s commitment to facilitating a seamless investment experience while upholding regulatory compliance.
