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Birla SunLife MF launches Fixed Term Plan – Series DK

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Birla SunLife MF launches Fixed Term Plan
Birla Sun Life Mutual Fund has launched a new fund offer today, named as Birla Sun Life Fixed Term Plan - Series DK. It"s a close-ended income scheme with duration of 370 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.

Basic Details:

NFO Opens: August 9, 2011

NFO Closes: August 16, 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

GoodReturns.in

Read more about: mutual funds birla sunlife nfo
Story first published: Tuesday, August 9, 2011, 15:34 [IST]
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