Birla SL MF launches Birla SL Fixed Term Plan - Series DT

Birla Sun Life Mutual Fund launches a Fixed Term plan named Birla Sun Life Fixed Term Plan - Series DT, a closed ended income scheme with an objective to generate income by investing in a portfolio of fixed income securities maturing on or before the duration of the scheme. The New Fund Offer (NFO) remains open for subscription for one day on November 28, 2011.

The fund will be priced at Rs 10 per unit.The minimum application amount is Rs 5000 and in multiples of Rs 10 thereafter. During the NFO period the fund seeks to garner a minimum target amount of Rs 20 crore
Asset allocation for the fund will be as below:

• 60%-100% of assets in Debt Securities and money market instruments
• 40% in Government securities

Entry load and exit load charge will be NIL for the scheme.
CRISIL Short Term Bond Fund Index is the Benchmark Index and the fund will be managed by Mr. Kaustubh Gupta.