Friday 30 August 2013

Birla Sun Life MF introduces Fixed Term Plan - Series HU (30 days)

Birla Sun Life Mutual Fund has launched the New Fund Offer (NFO) Birla Sun Life Fixed Term Plan - Series HU (30 days), a close ended income scheme. The NFO opens for subscription on Aug 30, 2013, and closes on Sep 3, 2013. No entry load or exit load will be applicable for the scheme. The minimum subscription amount is Rs. 5,000 and in multiples of Rs.10 thereafter.

The scheme’s performance will be benchmarked against CRISIL Liquid Fund Index and its fund manager is Kaustubh Gupta.

The investment objective of the scheme is to generate income by investing in a portfolio of fixed income securities maturing on or before the duration of the scheme.

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