The fund house informed that names of Canara Robeco Focused Equity Fund, Canara Robeco Emerging Equities, and Canara Robeco Bluechip Equity Fund will be changed. This move came pursuant to SEBI communication dated March 27, 2025, with respect to “uniformity in the nomenclature of equity oriented schemes”, the fund house informed.
Also Read | ICICI Prudential Mutual Fund renames two equity schemes
Canara Robeco Focused Equity Fund will be changed to Canara Robeco Focused Fund. Canara Robeco Emerging Equities will be changed to Canara Robeco Large and Mid Cap Fund. Canara Robeco Bluechip Equity Fund will be changed to Canara Robeco Large Cap Fund.
Accordingly, all references to the existing name of the schemes, wherever appearing in the SID and KIM of the aforesaid schemes, shall be replaced with the revised name of the schemes as mentioned above.
It may be noted that necessary/incidental changes, if any, shall be made in the SID and KIM of the aforesaid schemes in the above regard. All other features including nature, investment objective, asset allocation pattern, fundamental attributes, terms and conditions of the schemes, shall remain unchanged.The SID and KIM of the aforesaid schemes will stand modified to the extent mentioned above. This addendum forms an integral part of the SID and KIM of the aforesaid schemes.Also Read | Nippon India Taiwan Equity Fund tops return chart with 22% in May. Can the momentum sustain?
Canara Robeco Focused Equity Fund, Canara Robeco Emerging Equities, and Canara Robeco Bluechip Equity Fund had an AUM of Rs 2,508 crore, Rs 24,040 crore, and Rs 15,621 crore respectively as on April 30, 2025.
Recently ICICI Prudential Mutual Fund announced the change in name of ICICI Prudential Bluechip Fund and ICICI Prudential Value Discovery Fund.
As these changes are pursuant to SEBI’s communication dated March 27, 2025, with respect to “uniformity in the nomenclature of equity oriented schemes many other fund houses are expected to change the name of their equity funds.
