The NFO opens on July 4, 2011 and closes on July 18, 2011.
The issue price offered for the scheme is Rs 10 per unit and the scheme is proposed to be listed on NSE.
Allotment of units will be completed within 5 working days from the closure of the NFO closing date.
The minimum application amount is Rs 5,000 and after that additional investment can be made of Rs 1,000.
The fund targets to collect a Rs 10 crore under the scheme during the NFO period.
The investors will be provided with only Growth option. Under this option, no dividends will be declared. The income attributable to units under this option will continue to remain invested and will be reflected in the NAV of the units.
The investment objective of the scheme is to provide returns that closely correspond to the total returns of securities as represented by S&P CNX Nifty, but that will be subject to tracking errors.
Allocation of funds:
The scheme will allocate upto 95% to 100% of assets in securities comprising of underlying benchmark index with medium to high risk profile. It would allocate balance upto 5% of assets in debt and money market instruments with low to medium risk profile.
Satyabrata Mohanty will be the Fund Manager of this scheme.
Satyabrata is C.A. and CFA by qualification. He has 12 years of overall work experience in Finance and Research. Previously he worked with Aditya Birla Management Corporation Ltd.
He manages a good number of schemes stating few as Birla Sun Life MIP II – Savings Plan, Birla Sun Life Gold ETF, Birla Sunlife Monthly Income, Birla Sun Life Freedom Fund, etc.
NFO Opens: July 4, 2011
NFO Closes: June 18, 2011
NFO Price: Rs 10 per unit
Minimum Application Amount: Rs 5,000 per application and additional Re. 1000, thereafter
Exit Load: Nil
Benchmark: S&P CNX Nifty
Fund Manager: Satyabrata Mohanty