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Thursday, January 09, 2014

Birla Sun Life Fixed Term Plan-Series KF To Series KT files offer document with Sebi

A close-ended income scheme 

Birla Sun Life Mutual Fund has filed offer document with Sebi to launch Birla Sun Life Fixed Term Plan-Series KF To Series KT, a close-ended income scheme. The New Fund Offer price is Rs 10 per unit. 

Investment objective: The scheme seeks to generate income by investing in a portfolio of fixed income securities maturing on or before the duration of the scheme.
Options/plans: 

For schemes launched with duration of equal to or less than 365 days: Each of the above Regular and Direct Plan under the scheme (launched with duration of equal to or less than 365 days) will have the following options / sub-options: 

(1) Growth Option and
(2) Dividend Option (Payout Facility) 

For schemes launched with duration more than 365 days: Each of the above Regular and Direct Plan under the scheme (launched with duration of more than 365 days) will have the following options / sub-options: 

(1) Growth Option and
(2) Dividend Option with
(a) Normal Dividend sub-option (Payout Facility)
(b) Quarterly Dividend sub-option (Payout Facility). 

Benchmark:
CRISIL Liquid Fund Index (for schemes launched with duration of 30 days to 91 days)
CRISIL Short Term Bond Fund Index (for schemes with duration of 92 days to 36 months)
CRISIL Composite Bond Fund Index (for schemes with duration of more than 36 months to 60 months and 7 days) 

Loads: Nil 

Minimum Application Amount: Rs.5,000 and in multiples of Rs 10 thereafter. 

Minimum Target Amount: Rs 20 crore 

Asset Allocation:
The schemes having duration of 30 days or more but equal to or less than 400 days: Shall invest upto 100% debt securities and money market instruments. 

The schemes having duration of more than 400 days but equal to or less than 36 months: Shall invest 70%-100% in debt securities (excluding money market instruments), up to 30% in money market instruments and up to 30% in government securities. 

The schemes having duration of more than 36 months but equal to or less than 60 months and 7 days: Shall invest 80%-100% in debt securities (excluding money market instruments), up to 20% in money market instruments and up to 20% in government securities. 

Fund Manager: Kaustubh Gupta
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