Birla Sun Life Mutual Fund has launched the Birla Sun Life Fixed Term Plan-Series OP (1105 days), a close ended income scheme. The NFO opens for subscription on May 17, 2017 and closes on May 23, 2017. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 1,000 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 Mohit Sharma.
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.