Birla Sun Life Mutual Fund has announced change in the name of the scheme “Birla Sun Life Long Term Advantage Fund – Series I to Birla Sun Life Small and Midcap Fund. Accordingly, the benchmark index for evaluating the performance of the scheme has been changed from BSE 500 to S&P CNX Midcap Index. The changes will be effective from 12 August 2010.
Birla Sun Life Long Term Advantage Fund is an open ended small and midcap equity scheme that seeks to generate consistent long term capital appreciation by investing predominantly in equity and equity related securities of companies considering to be small and midcap. The scheme may also invest a certain portion of its corpus in fixed income securities including money market instruments, in order to meet liquidity requirements from time to time.
Source: http://www.apollosindhoori.cmlinks.com/MutualFund/MFSnapShot.aspx?opt=9&SecId=10&SubSecId=22,24
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