IDFC Mutual Fund rebrands itself as Bandhan MF

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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