Sunday, 20 February 2011

Birla Sun Life Fixed Term Plan - Series CQ

Birla Sun Life Mutual Fund Launched a New Mutual Fund Named Birla Sun Life Fixed Term Plan - Series CQ. The Objective of the New Fund Offering (NFO) is to generate income by investing in a portfolio of fixed income securities maturing on or before the duration of the scheme. This is a close ended Scheme for 369 days from the date of allotement. The issue already opend on 14th February, 2011 and the closing date is 23rd February, 2011. There is no entry load or exit load for the scheme. The minimum required investment is Rs. 5000 and the offer price is Rs. 10 per unit.

The expected minimum subscription (minimum target) of Rs. 1 crore under the scheme during the NFO period. Benchmark Index for the scheme is CRISIL Short Term Bond Fund Index and the fund manager of the scheme will be Mr. Kaustubh Gupta.

If you wish to invest in Birla Sun Life Fixed Term Plan - Series CQ read more about the fund and fund house and the past performance of the fund house, eventhouh it says that the past performance may or may not reflect in future.

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