Categorisation & Rationalisation of Mutual Fund Schemes

SEBI has issued circulars dated October 06, 2017 and December 04, 2017, in order to bring the desired uniformity in the practice, across Mutual Funds and to standardize the scheme categories and characteristics of each category. The objective is to bring uniformity in the characteristics of similar type of schemes launched by different Mutual Funds and to ensure that an investor of Mutual Funds is able to evaluate the different options available, before taking an informed decision to invest in a scheme. Placed below are Sundaram Mutual Fund's updated scheme names, category and scheme types for your information. For further details, please refer notice cum addendum issued in this regard here.

Table

S.No.	Old Scheme Name	New Scheme Name	Category & Type of scheme
1	Sundaram Equity Multiplier	Sundaram Large and Mid Cap Fund	Large & Mid Cap Fund< br/> An open-ended equity scheme investing in both large cap and mid cap stocks
2	Sundaram Select Mid Cap	Sundaram Mid Cap Fund	Mid Cap Fund < br/> An open-ended equity scheme predominantly investing in mid cap stocks
3	Sundaram S.M.I.L.E	Sundaram Small Cap Fund	Small Cap Fund< br/> An open-ended equity scheme predominantly investing in small cap stocks
4	Sundaram Select Focus	Sundaram Select Focus*	Focused Fund < br/> An open-ended equity scheme investing in maximum 30 stocks of large cap companies
5	Sundaram Balanced Fund	Sundaram Equity Hybrid Fund	Aggressive Hybrid < br/> An open-ended hybrid scheme investing predominantly in equity and equity related instruments
6	Sundaram Rural India Fund	Sundaram Rural and Consumption Fund	Sectoral/ Thematic < br/> An open-ended equity scheme investing in Rural and/ or consumption sector
7	Sundaram Infrastructure Advantage Fund	Sundaram Infrastructure Advantage Fund*	Sectoral/ Thematic< br/> An open-ended equity scheme investing in Infrastructure theme
8	Sundaram Financial Services Opportunities Fund	Sundaram Financial Services Opportunities Fund*	Sectoral/ Thematic< br/> An open-ended equity scheme investing in Financial services sector
9	Sundaram Equity Plus	Sundaram Multi Asset Fund	Multi Asset Allocation< br/> An open-ended scheme investing in Equity, Fixed Income and Commodity ETFs/ REITs/ InvITS
10	Sundaram Diversified Equity^#	Sundaram Diversified Equity*	ELSS< br/> An open-ended equity linked savings scheme with a statutory lock in of 3 years and tax benefit
11	Sundaram Global Advantage Fund^#	Sundaram Global Advantage Fund*	FoFs (Overseas/ Domestic)< br/> An open-ended fund of fund scheme investing in Emerging Markets/ Real Estate and Commodity funds
12	Sundaram Nifty 100 Equal Weight Fund^#	Sundaram Nifty 100 Equal Weight Fund*	Index Funds/ ETFs < br/> An open-ended scheme replicating Nifty 100 Equal Weighted index
13	Sundaram Money Fund	Sundaram Money Fund*	Liquid< br/> An open-ended liquid scheme
14	Sundaram Ultra Short Term Fund	Sundaram Low Duration Fund	Low Duration Fund < br/> An open-ended low duration debt scheme investing in instruments with Macaulay duration between 6 months and 12 months
15	Sundaram Flexible Fund - Flexible Income	Sundaram Corporate Bond Fund	Corporate Bond Fund< br/> An open-ended debt scheme predominantly investing in AA+ and above rated corporate bonds
16	Sundaram Banking & PSU Debt Fund	Sundaram Banking & PSU Debt Fund*	Banking & PSU Debt < br/> An open-ended debt scheme predominantly investing in debt instruments of banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds
17	Sundaram Bond Saver	Sundaram Medium Term Bond Fund	Medium Duration Fund< br/> Investment in Debt & Money Market instruments such that the Macaulay duration of the portfolio is between 3 years and 4 years
18	Sundaram Select Debt Short Term Asset Plan	Sundaram Short Term Debt Fund	Short Duration Fund< br/> An open-ended short term debt scheme investing in instruments with Macaulay duration between 1 year and 3 years
19	Sundaram Income Plus	Sundaram Short Term Credit Risk Fund	Credit Risk Fund < br/> An open-ended debt scheme predominantly investing in AA and below rated corporate bonds
20	Sundaram MIP-Aggressive	Sundaram Debt Oriented Hybrid Fund	Conservative Hybrid Fund< br/> An open-ended hybrid scheme investing predominantly in debt instruments
21	Sundaram Gilt Fund	Merged with Sundaram Corporate Bond Fund	Click here for the merger addendum
22	Sundaram Regular Savings Fund	Merged with Sundaram Corporate Bond Fund	Click here for the merger addendum

* denotes "No Change in Name" ,^# denotes "No Change in Fundamental Attributes"

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