Birla Sun Life Mutual Fund new issue closes on 22nd June
Birla Sun Life Mutual Fund has launched Birla Sun Life Short Term FMP-Series 18, a close-ended income scheme.
The scheme seeks to generate income by investing in a portfolio of fixed income securities maturing on or before the duration of the scheme. The scheme will have duration of 253 days.
The new issue closes on 22nd June. The minimum investment amount is Rs5,000.
CRISIL Short Term Bond Fund Index is the benchmark index. Kaustubh Gupta would be the fund manager of the scheme.
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