Birla Sun Life Mutual Fund has filed offer document with SEBI to launch a close ended equity scheme named as "Birla Sun Life Emerging Leaders Fund-Dividend Trigger Plan-Series 1 and Series 2 ". The New Fund Offer price is Rs 10 per unit.
Entry and exit load charges will be nil for the scheme. The scheme offers growth and dividend option and seeks to collect a Minimum Target Amount of Rs 20 crore.
The scheme will be benchmarked against S&P BSE Midcap Index. The minimum application amount is Rs 5000 and in multiples of Rs 10 thereafter.
The investment objective of the scheme is to generate long-term capital appreciation by investing predominantly in equity and equity related securities of Small & Mid Cap companies.