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Last Updated : Nov 20, 2014 10:52 AM IST | Source: Moneycontrol.com

Birla Sun Life MF launches Focused Equity Fund - Series 4

Birla Sun Life Mutual Fund launches Birla Sun Life Focused Equity Fund - Series 4, a close ended equity scheme, with the objective to generate capital appreciation, from a portfolio of equity securities specified as eligible securities for Rajiv Gandhi Equity Savings Scheme, 2013 (RGESS).


Birla Sun Life Mutual Fund has launched a new fund as Birla Sun Life Focused Equity Fund - Series 4, a close ended equity scheme investing in eligible in securities as per Rajiv Gandhi Equity Savings Scheme, 2013. 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 (RGESS). 


The new fund offer (NFO) will be open for subscription from November 19 and closes on December 03, 2014. The new fund offer price for the scheme is Rs 10 per unit. 


The scheme offers regular plan and direct plan with growth and dividend option with payout facility. 

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The minimum application amount is Rs 5000 and in multiples of Rs 10 thereafter. 


The entry and exit load will be Nil for the scheme. 


The scheme shall invest 95-100% 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 benchmark Index for the scheme will be CNX 100. 

The fund manager of the scheme will be Mahesh Patil.


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First Published on Nov 20, 2014 10:52 am
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