All mutual funds have made changes in accordance with the latest SEBI guidelines. Among them, Single Plan guidelines which mandates all the AMCs to have only one plan under one fund are the most complicated ones.
Notices have been issued from each fund houses regarding the discontinuation and change of the name of the plans. Investors are advised to check with their respective fund houses about the new names.
Earlier, each fund used to have retail as well as institutional plans under one fund. Even some funds had super institutional plans also. Now, they will mostly have only one plan called - Regular plan under one fund. And, this regular plan can have several options like growth, dividend payout and dividend re-investment options etc.
Further, the minimum investment amount has been brought to the levels of retail plans.