Birla Sun Life Capital Protection Oriented Fund - Series 14

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Birla Sun Life MF unveils Capital Protection Oriented Fund
Birla Sun Life Mutual Fund has launched a new fund named as Capital Protection Oriented Fund - Series 14, a close ended capital protection oriented scheme.

Objective of the scheme:

The scheme seeks to provide capital appreciation linked to equity market with downside protection at the end of tenure.

  • Fund expects to achieve down side protection by investing in debt securities maturing on or before the duration of the scheme, subject to the credit risk. 
  • Fund expects to achieve the market-linked appreciation (upside) by investing in premium of exchange traded options.
  • The Fund proposes to restrict its derivative exposure only to the extent of buying of call options. Hence the maximum loss could be equivalent to the premium paid, not any more. Moreover, the premium paid will be equal or lower to the coupon receivable from fixed income securities after providing for fund expenses.


The scheme will have duration of 1093 days from and including the date of allotment. The NAV of the scheme will be announced on a daily basis. No redemption or repurchase will be permitted prior to maturity of the Scheme. The scheme will be listed on BSE and/or any other recognized stock exchanges as may be decided by AMC from time to time and the Unitholders who wish to redeem units may do so through Stock Exchange at prevailing listed price on such Stock Exchange.


The scheme shall have Growth Option only


The proposed portfolio structure has been rated ‘CARE AAAmfs (SO)' by CARE, a SEBI registered credit rating agency, from the view point of assessing the degree of certainty for achieving the objective of capital protection. The rating would be reviewed on a quarterly basis.

Basic Details:
NFO Opens: November, 26, 2012
NFO Closes: December,10, 2012
NFO: Rs 10 per unit
Minimum application: Rs 5000 and in multiples of Rs 10 thereafter.
Benchmark: CRISIL MIP Blended Index.

Read more about: mutual funds, birla sun life
Story first published: Monday, November 26, 2012, 16:27 [IST]
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