SBI Magnum Gilt Short-term is now SBI Magnum Constant Maturity Fund (Debt: Gilt with 10 year Constant Duration). So it’s going to be much much sensitive to any RBI interest rate changes. This completely changes the investment style and motto of the fund. Kind of surprising. They now only have two holdings: 7.17% GOI 2028 and 6.68% GOI 2031. Initially, they had like 7-9 different short duration center/state govt securities of shorter maturity. The whole point of GITL short term is like same. Height is, I was never notified of same. I am invested in this fund directly and they have all the communication details of mine like mobile, email address.
How can they change the complete investment style? I mean one’s whole idea of investing into funds depends on its investment style.