MUMBAI: Birla Sun Life Mutual Fund has
launched a close ended scheme called Birla Sun Life Capital Protection Oriented Fund -
Series 6. The
tenure of the scheme will be 761 days from the date of allotment. The new
fund offer will be open from May 18, 2011 to May 30, 2011.
The
investment objective of the scheme is to provide capital appreciation
linked to the equity market with downside protection at the end of
tenure. The scheme would allocate 80 to 100 per cent of assets in debt
securities and money market instruments with low to medium risk profile. It would further allocate up to
20 per cent of assets in option premium with high risk profile. Exposure to derivative
instruments will be restricted to long call options.
The minimum application amount will be Rs 5,000 and
the scheme will not charge any entry or exit load. The scheme will be jointly
managed by Satyabrata
Mohanty & Ajay Garg. It
will be benchmarked against CRISIL Balanced Fund Index.
