Birla Sun Life Mutual Fund has announced the NFO Birla Sun Life Fixed Term Plan - Series FM, a close ended income scheme.
The NFO opens for subscription on May 29, 2012 and closes on May 31, 2012. No entry and exit load charge is applicable for the scheme. The duration of the scheme will be 368 days from the date of allotment. The scheme offers dividend payout and growth option.
The scheme will be benchmarked against CRISIL Short Term Bond Fund Index. The minimum application amount is Rs 5000 and in multiple of Rs 10 thereafter. The fund manager of the scheme will be 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.
