Birla Sun Life Mutual Fund has launched the Birla Sun Life Fixed Term Plan-Series NW (1099 days), a close ended income scheme. The NFO opens for subscription on September 07, 2016 and closes on September 14, 2016. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Rs 10 thereafter.
The scheme's performance will be benchmarked against CRISIL Composite Bond Fund Index and its fund manager is Kaustubh Gupta and jointly with Sunaina da Cunha and Prasad Dhonde.
The investment objective of the scheme is to generate income by investing in a portfolio of fixed income securities maturing on or before the duration of the scheme.