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Friday, July 25, 2014

Birla Sun Life Capital Protection Oriented Fund – Series 22 Floats On

NFO period is from 25 July to 08 August 2014

Birla Sun Life Mutual Fund has launched a new fund named as Birla Sun Life Capital Protection Oriented Fund – Series 22, a close ended capital protection oriented scheme. The tenure of the scheme is 1100 days from the date of allotment. The new fund offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 25 July and close on 08 August 2014. 

The investment objective of the scheme is to seek capital protection on maturity by investing in fixed income securities maturing on or before the tenure of the scheme and seeking capital appreciation by investing in equity and equity related instruments. 

The scheme offers two options viz. growth and dividend option. The scheme would allocate 80% to 100% of assets in debt & money market instruments with low to medium risk profile and upto 20% in equity and equity related instruments with high risk profile. 

The minimum application amount is Rs 5000 and in multiples of Rs 10 thereafter. 

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under the scheme during the NFO period. 

Entry and exit load charge will be nil. 

Benchmark Index for the scheme is CRISIL MIP Blended Index. 

The fund managers of the scheme will be Prasad Dhonde and Vineet Maloo.
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