Birla Sun Life Mutual Fund files offer document for its Birla Sun Life Manufacturing Equity Fund
Birla Sun Life Mutual Fund has filed a draft offer document with SEBI for its open ended manufacturing sector scheme called - Birla Sun Life Manufacturing Equity Fund.
The scheme aims to generate long-term capital appreciation to unit holders from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in manufacturing activity. The scheme will be investing 80%-100% in equity and equity related securities of manufacturing sector companies and 0-20% in cash, money market and debt instruments.
The benchmark of the scheme is S&P BSE 500.The scheme has an exit load of 1% if redeemed within 365 days from the date of allotment and nil if redeemed after 365 days from the date of allotment.
The fund will be managed by Anil Shah.
