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Birla Sun Life Mutual Fund has announced the NFO Birla Sun Life Fixed Term Plan - Series FN, a close ended debt scheme.
The NFO opens for subscription on June 4, 2012 and closes on June 13, 2012. No entry and exit load charge is applicable for the scheme. The scheme offers dividend payout and growth option.
The scheme will be benchmarked against CRISIL Short Term Bond Fund Index. The minimum application amount is Rs 5,000 and in multiples of Rs 10 thereafter. The scheme will be managed by Kaustubh Gupta.
The investment objective of the scheme is to generate income by investing in a portfolio of fixed income securities maturing on or before the duration of the scheme.
Source: Accord Fintech