Birla SunLife MF launches Short Term FMP
Investment objective:
The investment objective of the scheme is to generate income by investing in a portfolio of fixed income securities with the same tenure i.e. the instruments maturing on or before the maturity date of the scheme.
The fund seeks to collect a minimum subscription amount of Rs 1 crore under the scheme during the NFO period.
The scheme will allocate 100% of assets in debt securities and money market instruments with low to medium risk profile.
Other Information:
NFO Opens: July 27, 2011
NFO Closes: July 27, 2011
NFO Price: Rs.10 per unit
Options: Dividend Payout and Growth option
Minimum Application Amount: Rs 5,000 per application and additional Rs 10, thereafter
Exit Load: Nil
Benchmark: CRISIL Short Term Bond Fund Index
Fund Manager: Mr. Kaustubh Gupta
OneIndia Money