Birla Sun Life MF launches new scheme
Sunday, 7 February 2010
MUMBAI, Feb 6 (PTI): Birla Sun Life Mutual Fund today said it has launched a 27-month close-ended fund--BSL Capital Protection Oriented Fund Series 1 (CPOS).
The fund seeks to protect capital by investing in high quality debt securities maturing in line with the tenure of the scheme, the company said in a statement here.
It also seeks capital appreciation by investing a part of the capital in equity market.
"The fund intends to invest 90 per cent of the capital on the debt side in high quality debt instruments and the balance shall be invested in the equity side," Birla Sun Life Mutual Fund CEO, A Balasubramanian, said.
Basically, the fund offers investors an opportunity to invest a small portion of their portfolio in equity market with low risk, he said.
The fund offers growth option with minimum application amount of Rs 5,000 during the new fund offer period.
The fund seeks to protect capital by investing in high quality debt securities maturing in line with the tenure of the scheme, the company said in a statement here.
It also seeks capital appreciation by investing a part of the capital in equity market.
"The fund intends to invest 90 per cent of the capital on the debt side in high quality debt instruments and the balance shall be invested in the equity side," Birla Sun Life Mutual Fund CEO, A Balasubramanian, said.
Basically, the fund offers investors an opportunity to invest a small portion of their portfolio in equity market with low risk, he said.
The fund offers growth option with minimum application amount of Rs 5,000 during the new fund offer period.