Aditya Birla Sun Life Mutual Fund has launched a new Closed Ended Growth scheme named Aditya Birla Sun Life Fixed Term Plan - Series SM with maturity period of 1135 days from the launch date.
The New Fund Offer (NFO) price for the scheme is Rs 10.00 per unit, which will open for subscription from Mar 27 to Mar 27, 2019.
According to the offer document filed with SEBI, the entry and exit load is Nil.
The minimum application amount is Rs 1,000.00 and in multiples of Rs 1 thereafter. The options available under the plan of the scheme are Dividend, Growth.
The fund manager of the scheme will be Mohit Sharma, while the performance of the scheme will be benchmarked against CRISIL Composite Bond Fund Index.
The Scheme seeks to generate income by investing in a portfolio of fixed income securities maturing on or before the duration of the scheme.