IDBI MF Announces merger of LIC MF

Published on Jun 20, 2023 10:05

Merger/ Transfer of schemes of IDBI Mutual Fund (Merging Schemes), open ended Equity/ Debt Scheme, into LIC Mutual Fund (Surviving Scheme), Open Ended Equity/ Debt Scheme and Proposed change of sponsorship, trusteeship, management and administration of the schemes of IDBI Mutual Fund and merger of/changes to the fundamental attributes of, one or more of the schemes of IDBI Mutual Fund merge, as detailed below:

Merger and Changes to the MF Schemes:

IDBI MF Scheme proposed to be merged (�Transferor Scheme�)	LIC MF Scheme with which Transferor Scheme is proposed to be merged (�Transferee Scheme�)	Proposed New Name of the Transferee Scheme (�Surviving Schemes�)
IDBI Equity Advantage Fund	LIC MF Tax Plan	LIC MF ELSS
IDBI Flexi Cap Fund	LIC MF Flexi Cap Fund	LIC MF Flexi Cap Fund
IDBI India Top 100 Equity Fund	LIC MF Large Cap Fund	LIC MF Large Cap Fund
IDBI Banking & Financial Services Fund	LIC MF Banking and Financial Services Fund	LIC MF Banking and Financial Services Fund
IDBI Hybrid Equity Fund	LIC MF Equity Hybrid Fund	LIC MF Aggressive Hybrid Fund
IDBI Nifty Index Fund	LIC MF Nifty 50 Index Fund	LIC MF Nifty 50 Index Fund
IDBI Liquid Fund	LIC MF Liquid Fund	LIC MF Liquid Fund
IDBI Short Term Bond Fund	LIC MF Short Term Debt Fund	LIC MF Short Duration Fund
IDBI Ultra Short Term Fund	LIC MF Ultra Short Term Fund	LIC MF Ultra Short Duration Fund
IDBI Credit Risk Fund	LIC MF Bond Fund	LIC MF Medium to Long Duration Bond Fund

the following IDBI MF Schemes will be carried over by LIC MF and will form part of the LIC MF Schemes and there will be no change in character or features of the schemes except undergoing a change of the name as detailed below:

Change in Scheme name:

Scheme Acquired from IDBI Mutual Fund	Scheme Name post transfer to LIC Mutual Fund
IDBI Dividend Yield Fund	LIC MF Dividend Yield Fund
IDBI Focused 30 Equity Fund	LIC MF Focused 30 Equity Fund
IDBI Midcap Fund	LIC MF Mid cap Fund
IDBI Healthcare Fund	LIC MF Healthcare Fund
IDBI Small Cap Fund	LIC MF Small Cap Fund
IDBI Long Term Value Fund	LIC MF Long Term Value Fund
IDBI Equity Savings Fund	LIC MF Equity Savings Fund
IDBI Gold Exchange Traded Fund	LIC MF Gold Exchange Traded Fund
IDBI Nifty Junior Index Fund	LIC MF Nifty Next 50 Index Fund
IDBI Gold Fund	LIC MF Gold ETF Fund of Fund