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Friday, July 18, 2014

Birla Sun Life Emerging Leaders Fund – Series 4 Floats On

NFO period is from 18 July to 31 July 2014

Birla Sun Life Mutual Fund has launched a new fund named as Birla Sun Life Emerging Leaders Fund – Series 4, a close ended equity scheme. The new fund offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 18 July and will close on 31 July 2014. 

The primary objective of the scheme is to generate long-term capital appreciation by investing predominantly in equity and equity related securities of small & mid cap companies. 

The scheme offers two options viz. growth and dividend option with payout facility. 

The scheme would invest 80%-100% of assets in equity and equity related securities out of which: Small & Mid Caps:60%-100%, other than Small & Mid Caps: upto 40% with high risk profile and invest upto 20% of assets in cash, money market and debt instruments with low 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 load and exit load charge will be Nil for the scheme. 

Benchmark Index for the scheme is S&P BSE Midcap Index. 

Mahesh Patil and Milind Bafna would be the designated fund manager of the scheme.
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