Birla Sun Life Mutual Fund has filed a draft offer document with SEBI for the launch of its Birla Sun Life interval income fund-annual plan (VI-X). The scheme seeks to generate returns and growth of capital by investing in a diversified portfolio of debt and money market securities maturing on or before the term of the Scheme.
The benchmark of the scheme will be CRISIL short bond fund index. The scheme will charge minimum application fees of Rs 5000. No exit loads will be charged in the scheme. The fund will be managed by Kaustubh Gupta.
