Usually we hear the company coming to buy. But this time the news of buying schemes has come. LIC Mutual Fund is buying the schemes of IDBI Mutual Fund (IDBIMF).
A letter related to this has been issued by the company to its investors. After this the name of these schemes will be changed. Let us give you information about their new proposed names.
1) About 10 out of 20 schemes of IDBI will be transferred to LIC MF. After transfer, their name will also change. IDBI Dividend Yield Fund will be renamed as LIC MF Dividend Yield Fund.
(2) The second scheme is IDBI Focusec 30 Equity Fund, the name of this scheme will be changed to LIC MF Focusec 30 Equity Fund.
(3) The third scheme is IDBI Midcap Fund, the name of this scheme will be changed to LIC MF Midcap Fund.
(4) The fourth scheme is IDBI Healthcare Fund, the name of this scheme will be changed to LIC MF Healthcare Fund.
(5) The fifth scheme is IDBI Smallcap Fund, the name of this scheme will be changed to LIC MF Smallcap Fund.
(6) The sixth scheme is IDBI Long Term Value Fund, the name of this scheme will be changed to LIC MF Long Term Value Fund.
(7) The seventh scheme is IDBI Equity Saving Fund, the name of this scheme will be changed to LIC MF Equity Saving Fund.
(8) The eighth scheme is IDBI Gold Exchange Traded Fund, the name of this scheme will be changed to LIC MF Gold Exchange Traded Fund.
(9) The ninth scheme is IDBI Nifty Next 40 Index Fund, the name of this scheme will be changed to LIC MF Nifty Next 40 Index Fund.
(10) The ninth scheme is IDBI Gold Fund of Fund, the name of this scheme will be changed to LIC MF Gold Fund.
