The proposed changes are:
Investment objective: The scheme aims to provide investors with opportunities for long-term growth in capital along with the liquidity of an open-ended scheme by investing predominantly in a well-diversified basket of equity stocks of Midcap companies.
Asset Allocation:
The scheme will invest 65%-100% of assets in equity and equity related instruments of midcap companies, invest upto 35% of assets in equity and equity related instruments of smallcap companies, invest upto 20% of assets in equity and equity related instruments of largecap companies, invest upto 10% of assets in foreign securities / ADR's / GDR's with high risk profile and invest upto 30% of assets in debt and money market instruments with low to medium risk profile.
Existing investors have an option to exit without payment of exit load between 17 June 2014 and 16 July 2014.