Birla Sun Life MF launches Birla Sun Life Emerging Leaders Fund – Series 7, a close-ended Equity Scheme with a tenure of 3.5 years that seeks to invest in equity and equity-related securities of companies in the small and mid-cap segment that have a potential to appreciate in the long run. The primary objective of the scheme is to generate long-term capital appreciation by investing predominantly in equity and equity related securities of such companies.
In a press release, A. Balasubramanian, CEO, Birla Sun Life MF said, "India's macro outlook remains constructive and more resilient compared to other markets. Steps taken by the RBI and Government of India are growth positive, and valuations are reasonable. As a fund house, we see potential for value picks in small, and mid-caps given the concentration of domestic economy inclined sectors in that segment. Our NFO seeks to use a bottom up investment approach and focus on stock picking to drive alpha from a small and midcap focused, concentrated portfolio. This would be a good opportunity for investors to make the most of this growth phase over the 3.5-year horizon.”
