Pursuant to SEBI mandated Recategorisation and Rationalisation of Mutual Funds there have been a lot of changes recently in Mutual Fund offerings of various fund houses.
Some funds have been stopped or merged into other funds in order to comply with SEBI's one category-one fund rule while for a lot of other funds, names and categories have been changed.
Amongst Goalwise recommended funds for 2018, there have been no mergers or closing of funds but quite a few of them now have new names to better reflect their category.
|Old Name||Old Category||New Name||New Category|
|Mirae Asset India Opportunities Fund||Equity - Large Cap||Mirae Asset India Equity Fund - Growth||Equity - Large Cap|
|Invesco India Growth Fund||Equity - Large Cap||Invesco India Growth Opportunities Fund - Growth||Equity - Large Cap|
|Principal Growth Fund||Equity - Multi Cap||Principal Multicap Growth Fund - Growth||Equity - Multi Cap|
|Motilal Oswal MOSt Focused Multicap 35||Equity - Multi Cap||Motilal Oswal Multicap 35 Fund - Growth||Equity - Multi Cap|
|Aditya Birla Sun Life Small & Mid Cap Fund||Equity - Small & Mid Cap*||Aditya Birla Sun Life Small Cap Fund - Growth||Small Cap*|
|L&T Emerging Business Fund||Equity - Small & Mid Cap*||L&T Emerging Business Fund||Small Cap*|
|Reliance Medium Term Fund||Debt - Short Term||Reliance Prime Debt Fund - Growth||Debt - Short Term|
|Birla Sun Life Short Term Fund||Debt - Short Term||Aditya Birla Sun Life Corporate Bond Fund - Growth||Debt - Short Term|
|Kotak Treasury Advantage Fund Regular Plan - Growth||Debt - Ultra Short Term||Kotak Savings Fund||Debt - Ultra Short Term|
|IDFC Ultra Short Term Fund Regular Plan - Growth||Debt - Ultra Short Term||IDFC Low Duration Fund Regular Plan - Growth||Debt - Low Duration|
There have also been changes in category for 2 funds which changed category from Small & Mid cap to Small Cap funds although their portfolios still have an almost equal allocation to Mid and small caps so we continue to hold them.
As of now, there are no changes in our recommendations and most probably we will follow our regular schedule of new recommendations in January only.