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“Investors need to understand whether the fundamental attribute change is causing a material change in a fund's investment style and risk-return positioning. The fundamental attributes of many funds have changed to clearly highlight the maturity bucket of the portfolio (in case debt funds) or the large cap/mid-cap definition of the universe (in equity funds) to align with Sebi's prescribed definitions of scheme categories. If the proposed change causes a significant shift in the way the fund will be managed, investors need to take a call on whether they agree with the change. If not, they should exit and re-allocate to funds that are better aligned with their objectives.”

There is a very big opportunity in both debt and equity, but our focus is on equity, says Sundeep Sikka, ED & CEO, Reliance Nippon Life AMC, talking to ET Now.

HDFC Mutual Fund has proposed to merge HDFC Prudence Fund and HDFC Growth Fund into HDFC Balanced Advantage Fund. HDFC Prudence Fund is a large balanced scheme managing assets worth Rs 36,594 crore. The new scheme is a balanced advantage fund that will dynamically manage its portfolio between equity and debt instruments.

HDFC Mutual Fund has announced the merger of two of its schemes, HDFC Premier Multi-Cap Fund and HDFC Balanced Fund, to form a new scheme called HDFC Hybrid Equity Fund. The new scheme will be a hybrid scheme, investing predominantly in equity and equity-related instruments. The changes to the schemes will be effective from June 1.

Investors with moderate risk appetite and a relatively long horizon of five-seven years can opt to buy the units of Kotak Select Focus Fund. The fund primarily invests in large-cap stocks (those with market capitalisation above ?10,000 crore) and increases the exposure towards mid-cap stocks during market rallies.

Talking to ET Now, Shibani Sircar Kurian, VP & Head - Equity Research, Kotak MF, says bullish on two mega themes of consumption and infra.

Aditya Birla Sun Life AMC is changing features of its 16 schemes in line with Sebi’s categorisation and rationalisation of mutual fund schemes. The changes will become effective from May 21.

Reliance Mutual Fund announced its financial results for the period ended March 31, 2018. The fund house added retail assets worth Rs 20,559 crore in the industry in FY18.

Dhawal Dalal, CIO (Fixed Income), Edelweiss AMC says the bond market has given up all the gains generated between the last week of March and first week of April.

In a chat with ETNow, R Siva Kumar, Head-Fixed Income, Axis Mutual Fund, talks about the impact of rupee weakening and high oil prices on inflation.

Given the volatility in equity markets, it is crucial to be with large-sized companies because they show better earnings growth, thanks to their long-established presence in the organised part of the economy. Therefore, mutual fund investors should consider Invesco India Growth Scheme, which largely focuses on such large companies.

ICICI Prudential Mutual Fund has re-categorised ICICI Dynamic Plan as a multi-asset fund. The scheme will be called ICICI Prudential Multi-Asset Fund. ICICI Prudential Dynamic Plan was a multicap fund that used to invest across market capitalisation. The new scheme will invest in multiple assets like equity, debt, gold, etc.

ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.

Kotak Asset Management Company today announced that it has signed the United Nations-supported Principles for Responsible Investment (PRI). Kotak AMC is the first asset managing company to sign the PRI, the fund house said in a press release. The PRI is a leading global network for investors. It tries to integrate environmental, social governance (ESG) practices into investment policies and practices.

Aditya Birla Sun Life Mutual Fund has decided to merge their two tax-saving schemes to comply with Sebi’s new norms of mutual fund categorisation. The fund house released a notice announcing the merger of Aditya Birla Sun Life Tax Savings Fund into Aditya Birla Sun Life Tax Relief ’96. Both the schemes were tax-saving or ELSS schemes with a three-year lock-in period.