Mutual fund changes in November 2026: HDFC MF, ICICI Pru, Quant, Aditya Birla Sun Life and Franklin Templeton announce scheme revisions

Several mutual fund houses have announced changes to some of their schemes between November 1, 2026. This article lists the key updates announced by the mutual fund asset management companies (AMCs) so far this month.

HDFC Mutual Fund changes

On November 7, HDFC Mutual Fund said that the risk-o-meter of HDFC Dynamic Term Fund stands revised from ‘Moderately High’ to ‘Moderate’.

The risk-o-meter of HDFC Multi-Asset Active FOF and HDFC Nifty Large Midcap 250 Plus 8-13 yr G-Sec 70:30 Index Fund have been revised from ‘High’ to ‘very High’

The risk-o-meter of HDFC NIFTY SDL Plus G-Sec Jun 2027 40:60 Index Fund has been changed from ‘Low to Moderate’ to ‘Low’.

"The above Risk-o-meter is based on evaluation of risk level of the respective scheme’s portfolio as at October 31, 2026," the AMC said.

"There is no change in the Risk-o-meter of the Benchmarks of any of the Schemes of the Fund. All other details of the Product Label and all other terms and conditions of the aforesaid Schemes remain unchanged," it added.

ICICI Pru Mutual Fund changes

The risk-o-meter of ICICI Prudential Life Cycle Fund 2036 has been revised from ‘Moderate’ to Very High’. The risk-o-meter of ICICI Prudential Life Cycle Fund 2041 has been changed from ‘Moderately High’ to ‘very High’.

"The Risk-o-meters are based on evaluation of risk level of the portfolios of the Schemes of the Fund as on October 31, 2026," the ICICI Pru Mutual Fund said.

"All the other provisions of the SIDs and KIMs of the Schemes, except as specifically modified herein above remain unchanged," it added.

Quant Mutual Fund changes

Quant Mutual Fund on November 6 said the risk-o-meter of Quant Income Plus Arbitrage FoF has been revised from existing ‘Moderate risk’ to ‘Low to moderate risk’. All other details of the product labelling and all other features and terms & conditions of the SID and KIM of the scheme will remain unchanged.

Aditya Birla Sun Life Mutual Fund changes

Aditya Birla Sun Life Mutual Fund on November 6 said the risk-o-meter of Aditya Birla Sun Life Liquid Fund has been revised from existing ‘Moderate risk’ to ‘Moderately high risk’.

The risk-o-meter of Aditya Birla Sun Life Ultra Short to Short Term Fund has been revised from existing ‘Moderate risk’ to ‘Low to Moderate risk’.

The risk-o-meter of Aditya Birla Sun Life Gold Fund has been revised from existing ‘Very high risk’ to ‘High risk’.

The risk-o-meter of Aditya Birla Sun Life Financial Services Sectoral Debt Fund has been revised from existing ‘Moderate risk’ to ‘Low to Moderate risk’.

"The above Risk-o-meter is based on evaluation of risk level of the monthly portfolio of the Schemes as of October 30, 2026. All other details of the Product Labelling and all other features and terms & conditions of the SID and KIM of the Schemes will remain unchanged," Aditya Birla Sun Life Mutual Fund said.

Franklin Templeton Mutual Fund changes

The risk-o-meter of Franklin India Ultra Short to Short Term Fund (The scheme name is changed from Franklin India Low Duration Fund effective August 25, 2026) and Franklin India Money Market Fund has been revised from ‘Moderate’ to ‘Low to Moderate’.