MF News: Aditya Birla Sun Life declares IDCW; HDFC MF revises exit load, Invesco reshuffles fund managers

The mutual fund industry saw a series of key announcements on Tuesday, with Aditya Birla Sun Life Mutual Fund declaring an IDCW payout for its Dynamic Bond Fund, HDFC Mutual Fund revising the exit load structure for its Arbitrage Fund, and Invesco Mutual Fund announcing changes to fund manager responsibilities and scheme documents. The updates are aimed at enhancing scheme administration and will take effect as per the respective dates notified by the fund houses.

Aditya Birla Sun Life MF announces IDCW in Dynamic Bond Fund

The quantum of IDCW on the face value of Rs 10 per unit has been fixed at Rs 0.1299 under the Direct Plan and Rs 0.1263 under the Regular Plan.

HDFC Mutual Fund shortens exit load period for Arbitrage Fund

Under the revised structure, an exit load of 0.25% will be applicable if units are redeemed or switched out within 15 days of allotment, compared with the earlier period of one month. No exit load will be charged on redemptions made after 15 days.

The change will apply prospectively to all fresh subscriptions, including lump sum investments and systematic transactions registered on or after the effective date. All other scheme terms and conditions remain unchanged.

Invesco Mutual Fund reshuffles fund manager responsibilities

Invesco Mutual Fund has announced changes to the Scheme Information Documents (SID), Key Information Memorandums (KIM) and the Statement of Additional Information (SAI) following revisions in fund manager responsibilities.

Pradeep Sukte has been redesignated as Fund Manager and Dealer – Equity with effect from June 25, 2026. The fund house has also added Deepak Gupta as the fund manager for arbitrage investments in Invesco India Balanced Advantage Fund, while the Invesco India Arbitrage Fund will now be jointly managed by Deepak Gupta and Pradeep Sukte.

The necessary changes will be reflected in the relevant scheme documents, while all other provisions of the schemes will remain unchanged.