Birla Sun Life MF launches new capital protection scheme

Birla Sun Life Mutual Fund, on Tuesday announced the launch of Birla Sun Life Capital Protection Oriented Plan, a capital protection oriented scheme.

Objective


The objective of the scheme is to invest in high quality fixed income securities maturing in line with the tenure of the scheme and seeking capital appreciation by investing in equity and equity-related instruments.

The fund's portfolio will comprise of high quality debt instruments that would mature to the initial value of investment. The rest of the portfolio would be invested in a diversified basket of growth stocks.

"Birla Sun Life capital Protection fund is an apt fit in the low to moderate risk-taking investor's portfolio (investors who look at investing primarily in fixed deposits or small savings), said Mr Mukul Gupta, CEO, Birla Sun Life Mutual Fund.

The fund offers two plans with 3-year and 5-year investment horizons respectively. The 3-year plan can invest up to 16 per cent of its corpus in equity/equity-linked instruments while the rest (84-100 per cent) will be held in debt and money market instruments.

Conversely, the 5-year plan can invest up to 23 per cent of its corpus in equities/equity-linked instruments and the balance 77-100 per cent in debt and money market instruments.

The new fund offer closes on July 6 and the minimum invest amount will be Rs 5,000 and in multiples of Re 1, thereafter.