Birla SunLife MF launches Short Term FMP

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Birla SunLife MF launches Short Term FMP
Birla Sun Life Mutual Fund has launched a new fund offer today named as Birla Sun Life Short Term FMP - Series 19. It"s a close-ended income scheme with duration of 180 days from the date of allotment.

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

Read more about: mutual funds, nfo, birla sunlife
Story first published: Wednesday, July 27, 2011, 13:13 [IST]
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