Mutual Funds NFO - Birla Sun Life MF launches another fixed term plan

New Fund Offer - Birla Sun Life MF launches another fixed term plan

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Name of Fund: Birla Fixed Term Plan Series AN

Scheme: It is a close end debt scheme.

Objective: The scheme seeks to generate current income by investing in a portfolio of fixed income securities maturing normally in line with the duration of the scheme.

Fund Opens: 11 March 2008

Fund Closes: 17 March 2008

Face Value: Rs 10.

Investment Options: The scheme will have retail plan and institutional plan with a common portfolio. Each plan under the scheme will have dividend and growth option. The dividend option shall have payout and reinvestment facility.

Entry Load: There will no entry load charged for the scheme due to its close-ended structure.

Exit Load: The scheme charges an exit load of 2.00%, if the investment is redeemed within 180 days from date of investment. There will an exit load of 1.00% if the investment redeemed after 180 days from the date of investment. Whereas there will not be any exit load charged on the investment redeemed on maturity date.

Minimum Investment Amount: The minimum investment amount under retail plan is Rs 5,000 and in multiple of Re 1 thereafter. The minimum investment amount under institutional plan is Rs 1 lakh and in multiple of Re 1 thereafter.


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