Birla Sun Life Fixed Term Plan – Series CR : New Fund Offer (NFO)

by khalid on 23/02/2011 · 0 comments

Birla Sun Life Mutual Fund is the top mutual funds investment companies in India offers wide portfolio of the best mutual funds. The company is a joint venture between Aditya Birla Group and Sun Life Financial Services of Canada. The company has launched a New Fund Offer (NFO) named as Birla Sun Life Fixed Term Plan – Series CR. This is a close ended income fund for 367 days.

The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue is open for subscription from 14th February 2011 and closes on 23rd February 2011.

Kaustubh Gupta will be the fund manager of the close-ended Birla Sun Life Fixed Term Plan – Series CR.

The scheme offers two options – growth and dividend option with the dividend option offering only dividend payout facility. The expected minimum subscription (minimum target) of Rs. 1 crore under the scheme during the NFO period.

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

Entry load : NIL
Exit load : NIL

Fund NameBirla Sun Life Mutual Fund
Scheme Name Birla Sun Life Fixed Term Plan - Series CR
Scheme CategoryClose Ended (Income)
NFO Launch Date22nd Feb 2011
NFO Closure Date28thh Feb 2011
NFO Price (Rs) 10
Min. Subscription Amount(Rs) 5000 and in multiples of Rs 10 thereafter

For Further Details Please Visit Website : www.birlasunlife.com

Note :- Most of the investor’s park money in fixed deposits unaware that income tax on interest earned can be as high as 30.90% for individuals/HUF and 33.22% for others. That’s why investing in Birla Sun Life Short Term FMP – Series CR – Dividend Option makes sense – dividend distribution tax for individuals/HUF is only 13.84% and 22.14% for others.

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