Finance >> Mutual Funds >>
Birla Sun Life Mutual Fund launches two schemes
By Birla Sunlife Mutual Fund
Tuesday, January 11, 2011
Birla Sunlife Mutual Fund has launched two new funds which are to be called as Birla Sun Life Capital Protection Oriented Fund - Series 3 and Series 4.
The fund has been launched on Jan 11th, 2011 where the Net Asset Value is Rs.18.0872. The scheme is an open ended growth scheme with the objective to offer long term growth of capital, by investing in stocks of commodity companies, i.e., companies engaged in or focusing on the specified commodity business and/or overseas mutual fund scheme(s), that have similar investment objectives. These securities could be issued in India or overseas.
Both the schemes will be closed ended capital protection oriented schemes with the duration of 36 months from the date of allotment of units.
The New Fund Offer (NFO) price for the schemes is Rs. 10 per unit and the duration of the NFO would be from 10th January to 24th January 2011.
The minimum investment in the Growth Scheme is Rs. 5000.
The investment objective of the scheme is to provide capital appreciation linked to equity market with downside protection at the end of tenure. The schemes will be benchmarked against Crisil Balanced Fund index.
The fund will be managed by Vineet Maloo and Ankit Sancheti .
The fund has been launched on Jan 11th, 2011 where the Net Asset Value is Rs.18.0872. The scheme is an open ended growth scheme with the objective to offer long term growth of capital, by investing in stocks of commodity companies, i.e., companies engaged in or focusing on the specified commodity business and/or overseas mutual fund scheme(s), that have similar investment objectives. These securities could be issued in India or overseas.
Both the schemes will be closed ended capital protection oriented schemes with the duration of 36 months from the date of allotment of units.
The New Fund Offer (NFO) price for the schemes is Rs. 10 per unit and the duration of the NFO would be from 10th January to 24th January 2011.
The minimum investment in the Growth Scheme is Rs. 5000.
The investment objective of the scheme is to provide capital appreciation linked to equity market with downside protection at the end of tenure. The schemes will be benchmarked against Crisil Balanced Fund index.
The fund will be managed by Vineet Maloo and Ankit Sancheti .
More related posts
