The fund will be renamed as the Jupiter responsible income fund and will continue to be managed by Christopher Watt.
The fund’s benchmark will also change from the FTSE All-Share to the FTSE 4 Good index, and will also see its investment universes broadened out.
The changes to the investment universe will allow the fund to also invest in a number of resources companies.
According to Jupiter, the changes to its investment universe reflect its view that resources companies are engaging on environmental and social responsibility issues.
Watt says: “Since the launch of the fund 11 years ago, the percentage of the FTSE All Share Index in resources has increased to around 30 per cent and mining and oil and gas are the two largest sectors by market capitalisation.
“It is also a very important area for the development of the global economy and its impact on the environment.”
He adds: “Considering investment in this type of stock, as and when we identify opportunities, could benefit our investors by providing a bigger pool of potential dividend paying stocks.
“Our aim will be to invest in those businesses that have a clear commitment to improving their environmental and social impacts, while avoiding those that do not.”
If approved by the Financial Services Authority the changes will come into effect from 19 September.
The onshore fund will continue to avoid companies associated with armaments, tobacco, nuclear power and animal testing for toiletries and cosmetics.