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SBI Mutual Fund acquires Daiwa AMC

Following the acquisition of Daiwa AMC By SBI Mutual Funds, SBI MF has renamed the acquired schemes.

Daiwa Industrial Leaders Fund, a large cap scheme has been renamed to SBI Small & Midcap Fund and will be a part of the mid and small cap category of funds. The scheme will be managed by R Srinivasan.

Daiwa Treasury advantage Fund would now be recognised as SBI Treasury Advantage Fund, with Rajeev Radhakrishnan as its manager.

Daiwa Government securities Fund- Short Term Plan would be called SBI Benchmark G Sec Fund, with Dinesh Ahuja at helm.

Daiwa Liquid Fund has been merged into SBI Magnum Instacash Fund- Liquid Floater Plan.

All changes have been effective from November 16, 2013.