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Last Updated : Mar 30, 2015 06:54 PM IST | Source: Moneycontrol.com

Birla Sun Life MF launches Corporate Bond Fund

Birla Sun Life Mutual Fund launches Birla Sun Life Corporate Bond Fund, an open ended income scheme, that aims to generate returns by predominantly investing in a portfolio of corporate debt securities.


Birla Sun Life Mutual Fund has launched a new fund as Birla Sun Life Corporate Bond Fund, an open ended income scheme. The investment objective of the scheme is to generate returns by predominantly investing in a portfolio of corporate debt securities.


The scheme offers growth, dividend (payout & reinvestment) and bonus options under both regular plan and direct plan.


The new fund offer (NFO) will be open for subscription from March 30 to April 13, 2015. The new fund offer price for the scheme is Rs 10 per unit.

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The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter.


The entry load will be: Nil


Exit Load: For redemption / switch-out of units within 365 days from the date of allotment: 3.00% of applicable NAV.


For redemption / switch-out of units after 365 days but within 730 days from the date of allotment: 2.00% of applicable NAV.


For redemption / switch-out of units after 730 days but within 1095 days from the date of allotment: 1.00% of applicable NAV. For redemption / switch-out of units after 1095 days from the date of allotment: Nil.


The scheme shall invest 80-100% in corporate debt securities excluding government securities and state developmental loans with low to medium risk profile and up to 20% in money market instruments with low risk profile.


The benchmark Index for the scheme is CRISIL AA Short Term Bond Fund Index.

The fund manager of the scheme will be Maneesh Dangi.


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First Published on Mar 30, 2015 06:54 pm
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