Birla Sun Life MF has launched the NFO of Birla Sun Life Capital Protection Oriented Fund - Series 12, a close ended income scheme.
The NFO opens for subscription on August 14, 2012 and closes on August 28, 2012. No entry load or 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 MIP Blended Index and its fund managers are Prasad Dhonde and Ajay Garg.
The investment objective of the scheme is to provide capital appreciation linked to equity market with downside protection at the end of tenure, fund expects to achieve down side protection by investing in debt securities with tenure comparable with the tenure of the plan, subject to the credit risk, fund expects to achieve the market-linked appreciation (upside) by investing in premium of exchange traded options. For further details on Investment objective, please refer SID.
Source : Accord Fintech
