Birla Sun Life MF offers document to launch "Birla Sun Life Fixed Term Plan-Series JB to Series KE"

Posted By: Religare
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Birla Sun Life Mutual Fund has filed document with SEBI to launch a new close ended income scheme named as "Birla Sun Life Fixed Term Plan-Series JB to Series KE".

The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode.

The minimum application amount is Rs 5000 and in multiples of Rs 10 thereafter. The two options available under the plan of the Scheme are Growth and Dividend option.

The performance of the scheme will be benchmarked against CRISIL Liquid Fund Index, CRISIL Short Term Bond Fund Index and CRISIL Composite Bond Fund Index, based on maturity period of the scheme. Kaustubh Gupta will be the Fund Manager of the scheme.

The asset allocation of scheme will be in such a way that the objective of the scheme to generate income will be met by investing in a portfolio of fixed income securities. Hence, the scheme will allocate the assets accordingly.

Read more about: birla sun life, new fund offer, sebi
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