Wednesday, 3 August 2011

Birla Sun Life Fixed Term Plan - Series DJ

Birla Sun Life Mutual Fund issues New Fund Offerings (NFO) named Birla Sun Life Fixed Term Plan - Series DJ. This is a close ended Income Fund. The Maturity date of the fund is 370 days from the date of allotment of fund. The Objective of the scheme is to generate income by investing in a portfolio of fixed income securities maturing on or before the duration of the scheme.

The fund opens today, 3rd August, 2011 and will be closed on 09th August, 2011. The offer price of a single unit is Rs. 10 and the minimum required investment is Rs. 5000 and in multiples of Rs. 10 thereafter. There is no enrty load or exit load.

The Scheme is available in both growth option and dividend payout option. The Birla Fixed Term Fund Term Plan -Series DJ plans to accumulate a minimum amount of Rs. 1 crore. The Mutual Fund will allocate 100% of the assets in debt instruments and money market instruments with low and medium risk.

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