Birla Sun Life Mutual Fund has launched Birla Sun Life Short Term FMP-Series 6, 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 91 days from the date of allotment.
The new issue opens on 25th January and closes on 27th January. The minimum investment amount is Rs5,000.
CRISIL Short Term Bond Fund Index is the benchmark index. Kaustubh Gupta would be fund manager of the scheme.
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