Birla Sun Life Mutual Fund has launched Birla Sun Life Fixed Term Plan-Series CN, 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 368 days from the date of allotment.
The new issue opens on 25th January and closes on 3rd February. 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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