As the Indian mutual fund landscape continues to evolve in compliance with SEBI regulations, investors need to stay informed about the latest updates affecting their portfolios. One of the most recent developments pertains to the name changes of popular mutual fund schemes across major fund houses such as PGIM India Mutual Fund, ICICI Prudential Mutual Fund, and HDFC Mutual Fund.
These changes, set to take effect from June 16, 2025, are purely nominal in nature. They do not affect the core features, investment strategies, or risk profiles of the respective schemes. In this blog, we provide a detailed breakdown of the updated scheme names, their implications for investors, and how you can stay informed.
Why Are Mutual Fund Scheme Names Changing?
Mutual fund scheme names are being revised to ensure transparency, clarity, and alignment with SEBI’s mutual fund categorization guidelines. The revised naming conventions are designed to:
- Reflect the actual investment strategy more accurately.
- Eliminate ambiguity and redundancy in scheme names.
- Help investors make better-informed decisions.
These changes are part of the broader regulatory reform agenda to simplify mutual fund investing in India.
Key Mutual Fund Scheme Name Changes: June 2025
Let’s take a look at the key fund houses and the respective scheme name updates:
🏦 PGIM India Mutual Fund
PGIM India has announced changes to four major schemes:
| Existing Scheme Name | Updated Scheme Name |
|---|---|
| PGIM India Midcap Opportunities Fund | PGIM India Midcap Fund |
| PGIM India Hybrid Equity Fund | PGIM India Aggressive Hybrid Equity Fund |
| PGIM India Emerging Markets Equity Fund | PGIM India Emerging Markets Equity Fund of Fund |
| PGIM India Global Equity Opportunities Fund | PGIM India Global Equity Opportunities Fund of Fund |
🔍 Investor Insight: These changes better align scheme names with SEBI-mandated scheme categories. The suffix “of Fund” indicates the fund invests in other mutual funds, clarifying the fund-of-funds structure.
🏦 ICICI Prudential Mutual Fund
Effective from June 16, 2025, the following schemes will be renamed:
| Current Scheme Name | Revised Scheme Name |
|---|---|
| ICICI Prudential Bluechip Fund | ICICI Prudential Large Cap Fund |
| ICICI Prudential Value Discovery Fund | ICICI Prudential Value Fund |
🔍 Investor Insight: The term “Bluechip” is being replaced with “Large Cap” to standardize terminology across the mutual fund industry. This helps new investors easily understand fund strategies.
🏦 HDFC Mutual Fund
HDFC Mutual Fund has renamed the following schemes:
| Existing Scheme Name | Revised Scheme Name |
|---|---|
| HDFC Mid-Cap Opportunities Fund | HDFC Mid Cap Fund |
| HDFC Focused 30 Fund | HDFC Focused Fund |
🔍 Investor Insight: HDFC is removing numeric references (like “30”) and redundant terms (“Opportunities”) for simplicity. This change enhances clarity without altering the portfolio composition.
What Does This Mean for Investors?
It’s important to understand that only the names are changing. As an investor, you are not required to take any action, and there is no change in:
- Fund performance
- Fund manager
- NAV or returns
- Risk profile
- Portfolio strategy
Your investments will continue to be managed in the same manner as before.
Tips for Mutual Fund Investors in India
- Stay Updated: Always read updates from your AMC (Asset Management Company) via emails or their websites.
- Review Statements: Post name changes, your portfolio will reflect the updated names. Compare old and new names to avoid confusion.
- Understand the Categories: Get familiar with SEBI’s mutual fund categories—Large Cap, Mid Cap, Hybrid, etc.
- Don’t Panic: A name change is not a signal to exit or redeem. It’s an administrative update, not a performance-related decision.
- Consult Your Advisor: If in doubt, speak to your financial advisor for clarity.
Geo-Targeted Insight: Why It Matters for Indian Investors
This development is particularly relevant to Indian investors in financial hubs like Mumbai, Delhi NCR, Bengaluru, Chennai, and Hyderabad, where mutual fund penetration is high. As a retail investor in India, it is crucial to recognize the impact of regulatory actions on your investment strategy. This move by PGIM, ICICI Prudential, and HDFC reflects a broader trend of standardization across India’s financial markets, making investing more transparent, compliant, and user-friendly.
Conclusion
The mutual fund scheme name changes effective from June 16, 2025, across PGIM India, ICICI Prudential, and HDFC Mutual Funds, are a step toward greater clarity and investor confidence. These updates reflect SEBI’s push for a simplified and standardized investment ecosystem.
For investors, the key takeaway is not to worry—these changes are purely cosmetic and regulatory in nature. What matters most—your goals, the fund’s performance, and the strategy—remains untouched.
✅ Still unsure how these name changes affect your portfolio?
For expert assistance or to download the latest addendum and SID (Scheme Information Document), please visit your Divadhvik’s official website. Stay informed, stay invested!
FAQ
1. Will these changes impact my portfolio?
No. Your investment’s risk, returns, and strategy remain the same. Only the scheme’s name will reflect the new format.
2. Do I need to redeem or reinvest?
No action is required from your end. The changes are automatic and will reflect in your future statements.
3. Why do some funds now say “Fund of Fund”?
This indicates the fund primarily invests in other mutual funds (domestic or international), rather than directly buying stocks or bonds.
