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Birla Sun Life Mutual Fund launches Birla Sun Life Short Term FMP- series 19

By SiliconIndia   |   Thursday, July 28, 2011
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Bangalore: Birla Sun Life Mutual Fund has launched a new close ended scheme 'Birla Sun Life Short Term FMP-Series 19'. The new issue will open and close for subscription on 27 July 2011, at an offer price of Rs. 10 per unit. The minimum application amount is Rs. 5,000 and in multiples of Rs. 10 thereafter. The two options are available under the Plan of the Scheme is growth and Dividend payout option. 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. No exit load will be charged under the scheme. The performance of the scheme will be benchmarked against Crisil Short Term Bond Fund Index. The fund manager of the scheme is Kaustubh Gupta. The fund had also launched a similar scheme on May 26, 2011 named as Birla Sun Life Short Term FMP-Series 19. The scheme is showing the positive return of 0.36 percent during June 27, 2011 to July 26, 2011 and the current NAV of the scheme is Rs. 10.0526 as on July 26, 2011
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