NFO for ‘Birla Sun Life Capital Protection Oriented Fund - Series 25’ to close
on Nov 21
11/11/2014 11:06
Birla Sun Life Mutual Fund has launched a new close ended capital protection oriented scheme named “Birla Sun Life Capital Protection Oriented Fund - Series 25” with maturity period of 1226 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 on November 07 and will close on November 21.
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 Ajay Garg 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 provide capital appreciation will be met by investing in a portfolio of debt securities & money market instruments and options premium. Hence, the scheme will allocate 70 to 100 per cent of asset in debt securities & money market instruments and 0 to 30 per cent of asset in options premium.
11/11/2014 11:06
Birla Sun Life Mutual Fund has launched a new close ended capital protection oriented scheme named “Birla Sun Life Capital Protection Oriented Fund - Series 25” with maturity period of 1226 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 on November 07 and will close on November 21.
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 Ajay Garg 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 provide capital appreciation will be met by investing in a portfolio of debt securities & money market instruments and options premium. Hence, the scheme will allocate 70 to 100 per cent of asset in debt securities & money market instruments and 0 to 30 per cent of asset in options premium.
