Birla Sun Life Asset Management, the investment manager of Birla Sun Life Mutual Fund, is planning to merge some of its mutual fund schemes, Business Standard reports. The firm is seeking the Securities and Exchange Board of India’s approval for the merger.

The firm has not offered any details of the funds. Currently, Birla Sun Life manages 49 open-ended schemes consisting of 26 equity schemes, 16 debt, six hybrid and one exchange-traded fund.

Click here for the story from Business Standard.