Birla Sun Life MF launches Birla Sun Life Nifty ETF
Bangalore: Birla Sun Life has launched a new open ended exchange traded fund "Birla Sun Life Nifty ETF". The fund is open for subscription from 4th July at 
10 per unit. The investment objective of the scheme is to provide returns that closely correspond to the total returns of securities as represented by S&P CNX Nifty, subject to tracking errors. The Scheme will have Growth Plan only. Under this option, no dividends will be declared. The scheme will be managed by Satyabrata Mohanty.
The scheme will allocate upto 95 percent to 100 percent of assets in securities comprising of underlying benchmark index with medium to high risk profile. It would allocate balance up to 5 percent of assets in debt and money market instruments with low to medium risk profile. The Scheme proposes to invest in equity and equity related securities.
10 per unit. The investment objective of the scheme is to provide returns that closely correspond to the total returns of securities as represented by S&P CNX Nifty, subject to tracking errors. The Scheme will have Growth Plan only. Under this option, no dividends will be declared. The scheme will be managed by Satyabrata Mohanty.
The scheme will allocate upto 95 percent to 100 percent of assets in securities comprising of underlying benchmark index with medium to high risk profile. It would allocate balance up to 5 percent of assets in debt and money market instruments with low to medium risk profile. The Scheme proposes to invest in equity and equity related securities.