According to the fund house, the name and ownership change will not have any impact on the schemes’ investment strategy and processes.
IDFC Mutual Fund has rebranded itself as Bandhan Mutual Fund. The name change will be effective from Monday, March 13. All the schemes of the fund house will be renamed with the word ‘IDFC’ being replaced by the word ‘Bandhan’.
Rebranding involves a change of name and logo.
From Monday, investors can also visit the new website of the fund house.
According to the fund house, the name and ownership change will not have any impact on the schemes’ investment strategy and processes.
Earlier in 2022, a consortium of Bandhan Financial Holdings GIC and ChrysCapital signed an agreement to buy IDFC AMC and IDFC AMC Trustee Company from parent IDFC for Rs 4,500 crore.
AMC CEO Vishal Kapoor said, “Our new name reflects our new sponsorship, and we are now proud to be a part of the Bandhan Group. Backed by the legacy, goodwill and inclusivity that our sponsors represent, we believe That our investors will continue to benefit from the same passion, expertise and focus they have experienced over the years.”
“With a collective ambition to grow exponentially, we are excited about the journey and opportunities ahead. Our new brand identity is a testimony to the universality of our commitment and the strength of our resolve to help every saver become an investor.”