News From Press Birla Sun Life Mutual Fund faces Sebi flak for renaming schemes

Birla Sun Life Mutual Fund faces Sebi flak for renaming schemes

Source: Business Standard Sep 15, 2017

The Securities and Exchange Board of India (Sebi) has taken Birla Sun Life Mutual Fund to task for changing the names of three of its debt schemes. In May, the fund house had changed the names and structure of three of its monthly income plans (MIPs) — Birla Sun Life MIP (BMIP) to Birla Sun Life Long Term Accrual Fund (BLAF), Birla Sun Life MIP II - Savings 5 Plan (BMI5) to Birla Sun Life Credit Opportunities Fund (BCOF), and Birla Sun Life Monthly Income (BMI) to Birla Sun Life Low Duration Fund (BLDF). MIPs are hybrid products that invest primarily in ...

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