The NFO will be open from September 15, 2011 to September 29, 2011
MUMBAI: Birla Sun Life Mutual Fund has launched a close ended scheme called Birla Sun Life Capital Protection Oriented Fund - Series 7. The tenure of the scheme will be 36 months from the date of allotment.
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.
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.
