Birla
Sun Life MF has launched the NFO of Birla Sun Life Fixed Term Plan - Series FS
(368 days), a close ended income scheme.
The
NFO opens for subscription on July 12, 2012 and closes on July 12, 2012. No
entry load and exit load will be applicable for the scheme; no
redemption/repurchase of units shall be allowed prior to the maturity of the
scheme. Investors wishing to exit may do so through stock exchange mode.
The
minimum subscription amount is Rs. 5,000 and multiples of Rs.10 thereafter.
The
scheme’s performance will be benchmarked against CRISIL Short Term Bond Fund
Index and its fund manager is 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.
Source
: Accord Fintech
