IDFC Mutual Fund rebrands itself as Bandhan MF

Daily Current Affairs / IDFC Mutual Fund rebrands itself as Bandhan MF

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Category : Business and economics Published on: March 15 2023

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IDFC Mutual Fund has rebranded itself as Bandhan Mutual Fund. The change in name will be effective from Monday, March 13.
All the schemes of the fund house will be renamed to replace the word ‘IDFC’ with the word ‘Bandhan’.
The rebranding includes a change of the name and the logo.
The Securities and Exchange Board of India had cleared the Bandhan-linked consortium’s proposed acquisition of IDFC Mutual Fund in December 2022.
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.

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IDFC Mutual Fund rebrands itself as Bandhan MF