Insights

Renaming of Mutual Fund Schemes w.e.f. April 1, 2021

March 30, 2021 . Manas muraleedharan

This has the reference to the SEBI circular no. SEBI/HO/IMD/DF3/CIR/P/2020/194 dated October 05, 2020 to review the Dividend option(s) in the schemes. 

Accordingly, schemes of Mutual Fund shall be renamed in the following manner with effect from: 1-Apr21.

Serial NumberExisting name under dividend optionRevised name under dividend
option

1

 Dividend Payout

Payout of Income Distribution cum Capital Withdrawal option

2

Dividend Reinvestment


Reinvestment of Income Distribution cum Capital Withdrawal option

3

Dividend Transfer Plan

Transfer of Income Distribution cum Capital Withdrawal plan
Click here to view the circular.

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