Franklin Mutual Funds: Updated Fund Names & Categories (SEBI Compliance)
Franklin Asset Management Company has changed the names and categories of its funds in adherence with the new Security Exchange Board of India (SEBI) guideline. According to the new rule, every fund company can have only one new fund offering under each category.
Hence, all fund companies have revamped their mutual fund names and categories in accordance with the SEBI regulations.
Franklin India Mutual Fund Name and Category Changes
Franklin India Mutual Fund Names and Categories Which Did Not Change
Characteristic Changes
- Some funds may get merged each other
- The expense ratio might decrease due to an increased rate of AUM per scheme
- The number of schemes will reduce to a large extent
Why Is Renaming and Re-Categorization Done?
SEBI wants to simplify the investment process and largely reduce confusion among investors. There are mainly three benefits that come with renaming and re-categorization:
- Easier to select mutual funds
- Convenient to understand the categories of mutual funds
- Reduces the categories of funds, which is termed beneficial for retail investors
Happy Investing!
Disclaimer: The views expressed here are that of the author and do not reflect those of Groww.
-
Growth Mutual Funds: Potential & Benefits for Investors
If you want to invest your money in a reliable way, then you should consider growth mutual funds. These funds have a number of benefits which mean that you can get reliable income, as well as im
-
Best Banking & PSU Debt Funds in India for 2024 | Top Investments
What is PSU Debt Fund? A PSU Debt Fund stands for Public Sector Undertakings Debt Fund. As the name suggests, such funds are aimed at providing the investor with an opportunity to invest in the major
Public investment fund
- Load vs. No-Load Mutual Funds: Understanding the Key Differences
- Understanding Mutual Fund Drawdowns: A Guide for Investors
- IDFC Mutual Fund Scheme Changes: What Investors Need to Know
- Mutual Fund Changes: Name Changes, Category Updates & Mergers - Complete List
- HSBC Mutual Fund Changes: Updated Fund List & Investor Benefits
- L&T Mutual Fund Scheme Renaming & Re-categorization: What You Need to Know
- IDBI Mutual Fund Fund List: Updated Categories & Names (2024)
- Canara Robeco Mutual Fund Changes: Updated Fund List & Re-categorization Explained
- Mutual Funds vs. Stocks: Understanding the Key Differences
-
Mutual Funds vs. Closed-End Funds: Key Differences Explained
Although mutual funds and closed-end funds are both management companies, theyre actually quite different from each other. Despite the fact that the financial media may occasionally make mention...
-
Mutual Funds: Benefits & Risks - A Comprehensive Guide
The popularity of mutual funds can be attributed to the numerous advantages that they afford investors. To invest prudently, however, do bear in mind that mutual funds—like all other invest...