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Birla Sun Life MF has launched the NFO of Birla Sun Life Fixed Term Plan - Series FT (367 days), a close ended income scheme.
The NFO opens for subscription on July 30, 2012 and closes on August 2, 2012. No entry load or exit load will be applicable for the scheme; no redemption/repurchase of units shall be allowed prior to the maturity of the scheme. Investors wishing to exit may do so through stock exchange mode.
The minimum subscription amount is Rs. 5,000 and multiples of Rs.10 thereafter.
The scheme’s performance will be benchmarked against CRISIL Short Term Bond Fund Index and its fund manager is 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