Birla Sun Life MF Emerging Leaders Fund -Series 5 - NFO

Birla Sun Life Mutual Fund (MF) has launched a new fund named as Birla Sun Life Emerging Leaders Fund - Series 5, a close ended equity scheme.

The new fund offer (NFO) price for the scheme is Rs 10 per unit.

The new issue will be open for subscription from 15 December and close on 26 December 2014.

The primary objective of the scheme is to generate long-term capital appreciation by investing predominantly in equity and equity related securities of small & mid cap companies.The scheme offers growth and dividend payout options under both regular plan and direct plan.

The scheme shall invest 80% to 100% in equity and equity related securities (Out of which: Small & Mid Caps: 60% to 100% and Other than Small & Mid Caps: 0% to 40%) and up to 20% in cash, money market* & debt instruments*.*In case of investments in debt and money market instruments, the scheme shall invest only in such securities which mature on or before the date of the maturity of the scheme.

In case of securities with put options, the maturity shall be reckoned with respect to the final maturity date and not the “put option” date.The minimum application amount is Rs 5000 and in multiples of Rs 10 thereafter.

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 10 crore under the scheme during the NFO period.

Entry load and exit load charge will be Nil.Benchmark Index for the scheme is S&P BSE Midcap Index.The fund managers of the scheme will be Mr. Mahesh Patil and Mr. Milind Bafna.

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