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 DB. This is a close ended income fund for 369 days.
The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue is open for subscription from 9th May 2011 and closes on 18th May 2011.
Kaustubh Gupta will be the fund manager of the close-ended Birla Sun Life Fixed Term Plan – Series DB.
The expected minimum subscription (minimum target) of Rs. 1 crore under the scheme during the NFO period. The fund intends to list the units of the scheme on NSE.
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, Investors wishing to exit may do so through stock exchange mode.
|Fund Name||Birla Sun Life Mutual Fund|
|Scheme Name||Birla Sun Life Fixed Term Plan - Series DB|
|Scheme Category||Close Ended (Income)|
|NFO Launch Date||9th May 2011|
|NFO Closure Date||18th May 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