Goldman Sachs Mutual Fund has announced that due to the expiry of licensing arrangement with Standard & Poor's Financial Services LLC, the trademark 'S&P' shall not be used any more.
Resultantly, the letters 'S&P' get deleted from the benchmark indices of Goldman Sachs Nifty BeES, S&P Shariah BeES, S&P CNX 500 and India Equity Fund.
In the same manner,the name of Goldman Sachs S&P CNX Nifty Shariah Index ETS and S&P CNX 500 are revised.
The changes are applied with immediate effect.