Birla Sun Life Mutual Fund issued Birla Sun Life Banking and Financial Services Fund. The New Fund Offer (NFO) opened on 25th November, 2013 and will be closed on 9th December, 2013. This is an open ended fund. This Mutual fund is for investors those who are looking for long term growth in their investment. The mutual fund will invest the accumulated money in shares and related securities of companies engaged in banking and financial services.
During NFO period the face value of one unit of mutual fund is Rs. 10 and the minimum investment amount is Rs. 5000 and the multiples of Re. 1 thereafter.
The Birla Sun Life Banking and Financial Services Fund is available in two plans namely Regular Plan and direct plan. Direct plan means purchase mutual fund directly from the Birla Sun Life Mutual Fund without the help of distributor. Both plans will have separate NAVs. Both plans are available in growth option and dividend plan (Dividend options are dividend payout option and dividend accumulated option).
Investment in SIP (Systematic Investment Plan) is also available in Birla Sun Life Banking and Financial Services Fund. If you wish to invest in this New Fund Offer please read more about Birla Sun Life Banking and Financial Services Fund