Birla Sun Life Mutual Fund (MF) has launched a new fund named as Birla Sun
Life MF Focused Equity Fund - Series 6, a close ended equity scheme investing
in eligible in securities as per Rajiv Gandhi Equity Savings Scheme (RGESS),
2013.
The new fund offer (NFO) price for the scheme is Rs. 10 per unit.
The new issue will be open for subscription from 7 September and close on 1
October 2015.
The investment objective of the Scheme is to generate capital appreciation,
from a portfolio of equity securities specified as eligible securities for
Rajiv Gandhi Equity Savings Scheme, 2013.
The scheme offers growth and dividend option with payout facility under
both regular plan and direct plan.
The scheme shall invest 95% to 100% in equity securities specified as
eligible securities for RGESS with medium to high risk profile and invest upto
5% of assets in cash & cash equivalents and money market instruments with
low risk profile.
The scheme shall invest in money market instruments as defined under SEBI
(MF) regulations with residual maturity of less than or equal to 91 days.
The minimum application amount is Rs. 5,000.
Entry and exit load will be Nil.
Benchmark Index for the scheme will be CNX 100.
Mahesh Patil would be the designated fund manager of the scheme.
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