Date : Aug-12-2009
Birla Sun Life Mutual Fund has filed an offer document with Securities and Exchange Board of India (SEBI) to launch an open ended equity scheme- Birla Sun Life India Reforms Fund. The new fund offer (NFO) price for the scheme is Rs 10 per unit.
The scheme's primary investment objective is to seek to generate growth as well as capital appreciation by building a portfolio of companies that are expected to benefit from the economic reforms, PSU divestment and increased government spending.
The scheme shall offer dividend and growth plan. The dividend plan shall have payout and reinvestment option. The scheme will invest 65-100% in Equities and Equities related instruments while 0-35% in Debt and Money Market Instruments (including securitised debt).
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