NFO for ‘Birla Sun Life Capital Protection Oriented Fund - Series 29’ to close on Dec 7
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30 Nov 2015
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| Birla Sun Life Mutual Fund has launched a new close ended capital protection oriented scheme named “Birla Sun Life Capital Protection Oriented Fund - Series 29” with maturity period of 1280 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 23 and will close on December 7. 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 Vineet Maloo 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 seek capital protection will be met by investing in a portfolio of debt securities & money market instruments and equity and equity related instruments. 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 equity and equity related instruments. |
Source: Dion Global Type: Mutual Fund Review
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