Birla Sun Life MF launches “Birla Sun Life Capital Protection Oriented Fund - Series 21”; NFO to close on June 04 : 21/05/2014

Birla Sun Life MF launches “Birla Sun Life Capital Protection Oriented Fund - Series 21”; NFO to close on June 04
21/05/2014 11:22
Birla Sun Life Mutual Fund has launched a new close ended capital protection oriented scheme named “Birla Sun Life Capital Protection Oriented Fund - Series 21” with maturity period of 1094 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription today and will close on June 04. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 10 thereafter. The option available under the Plan of the Scheme is Growth option only. The performance of the scheme will be benchmarked against CRISIL MIP Blended Index. Prasad Dhonde and Vineet Maloo will be the Fund Managers of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to seek capital protection will be met by investing in a portfolio of debt securities & money market instruments and equity & equity related instruments. Hence, the scheme will allocate 80 to 100 per cent of asset in debt securities & money market instruments and 0 to 20 per cent of asset in equity & equity related instruments.

Birla Sun Life MF launches “Birla Sun Life Emerging Leaders Fund - Series 2”; NFO to close on May 26

Birla Sun Life MF launches “Birla Sun Life Emerging Leaders Fund - Series 2”; NFO to close on May 26

Birla Sun Life Mutual Fund has launched a new close ended equity scheme named “Birla Sun Life Emerging Leaders Fund - Series 2” with maturity period of 3 years from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription today and will close on May 26. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 10 thereafter. The options available under the Plan of the Scheme are Growth and Dividend option. The performance of the scheme will be benchmarked against S&P BSE Midcap Index. Hitesh Zaveri will be the Fund Manager of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to generate long-term capital appreciation will be met by investing in a portfolio of equity and equity related securities and cash, money market & debt instruments. Hence, the scheme will allocate 80 to 100 per cent of asset in equity and equity related securities and 0 to 20 per cent of asset in cash, money market & debt instruments.

Birla Sun Life MF declares dividend under “Birla Sun Life Cash Plus - Retail Plan”

Birla Sun Life MF declares dividend under “Birla Sun Life Cash Plus - Retail Plan”

Birla Sun Life Mutual Fund has announced 0.0312 per cent dividend under dividend payout option of scheme named as “Birla Sun Life Cash Plus - Retail Plan” on the face value of Rs 100 per unit. The record date for the dividend was May 11. The latest NAV of the scheme was Rs 163.69. The investment objective of the liquid fund scheme is to provide reasonable returns at a high level of safety and liquidity through judicious investments in high quality debt and money market instruments. The performance of the scheme is benchmarked against Crisil Liquid Fund Index. Kaustubh Gupta is the fund manager of the scheme.