Goldman Sachs is a leading global investment banking, securities and investment management firm that provides a wide range of services worldwide to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals.
With effect from 14th July 2011, Benchmark Asset Management Company Private Limited (BAMC) and Benchmark Trustee Company Private Limited (BTC) are a part of the Goldman Sachs group. Subsequent to this acquisition, all the schemes of Benchmark Mutual Fund will be renamed. Benchmark Mutual Fund has 13 schemes in operation currently.
The popular ETFs of Benchmark Fund – Gold Bees and Nifty Bees would be renamed as GS Gold Bees and GS Nifty Bees. Hence investors need not worry too much since change in the name of the schemes will not result in any change in the basic characteristics and fundamental attributes of the schemes.