Birla Sun Life AMC has announced the launch of the Birla Sun Life Resurgent India Fund – Series 4. The New Fund Offer (NFO) opens for subscription from June 23 – July 7, 2017.
Speaking on the launch of the scheme, A. Balasubramanian, CEO, Birla Sun Life AMC Ltd. said, “We see GST implementation, coupled with demonetization contributing to India’s economic growth momentum and corporate profitability. We believe that while these will result in rerating for many companies, it will also prove to be a great investment opportunity for investors in certain sectors that will be major beneficiaries of this transition. Our NFO looks to provide investors a good opportunity to benefit from companies which stand to appreciate in the long run, and gain from the turnaround in the Indian economy over the 3.5-year horizon.”
Birla Sun Life Resurgent India Fund– Series 4 aims to generate capital appreciation by investing primarily in equity and equity-related securities (including options premium), that are likely to benefit from recovery in the Indian economy.
The scheme will allocate around 80-100% of assets in equity and equity related securities, and 0-20% in money market and debt instruments.
The fund will also invest a small portion of its corpus in fixed income securities including money market instruments to manage its liquidity requirements.
The Scheme is benchmarked against S&P BSE 200 and will be managed by Jayesh Gandhi, Senior Portfolio Fund Manager, Birla Sun Life Asset Management Company Limited.
