Wednesday, 23 March 2011

Birla Sun Life Capital Protection Oriented Fund - Series 5

Birla Sun Life Mutual Fund Launched a new close ended growth scheme known as Birla Sun Life Capital Protection Oriented Fund - Series 5. The scheme is already opened in the market from 11th March, 2011 and will be closed on 25th March, 2011. The fund can redeem only at the maturity of the scheme which is after 832 days from the allotment.  The offer price of a single unit is Rs. 10 and the minimum required investment is Rs. 5000 and the multiples of Rs. 10 thereafter.

The objective of the scheme is to provide capital appreciation linked to equity market with downside protection at the end of tenure. This Mutual Fund expects to achieve down side protection by investing in debt securities with tenure comparable with the tenure of the Plan, subject to the credit risk. The capital protection fund expects to achieve the market-linked appreciation (upside) by investing in premium of exchange traded options.

This mutual fund can be used as an alternative of the bank fixed deposits. The scheme plans to invest the pooled money of investors in high quality debt bonds and a part of the amount in equity market also for the capital growth.

Non-Resident Indians (NRIs), Foreign Institutional Investors (FIIs) and Person of Indian Origins (PIOs) are also can be invested in this New Fixed Maturity Plan. There is no entry load or exit load for this New Fund Offer

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