Birla Sun Life MF launches new close-end equity fund

Birla Sun Life Mutual Fund has launched a new fund 'Birla Sun Life Focused Equity Fund- series 2', which is a closed ended equity scheme investing in eligible securities as per Rajiv Gandhi Equity Savings Scheme, a company release said.

The new fund offer, which has opened for subscription from February 26 and will close on March 14, 2014.

The scheme, which is a large-cap oriented fund, will invest in the equity securities specified as eligible securities under the RGESS guidelines that include equity shares of companies falling in the list of BSE 100 and CNX 100 and PSUs categorised as Navratna, Maharatna or Miniratna by the central government.

"The improving market environment makes this a good time for retail investors to consider long-term wealth creation through equities. A close-ended equity fund like ours can be well positioned to capture this for investors," Chief Executive Officer of Birla Sun Life MF, A Balasubramanian said.

Birla Sun Life MF has an average assets under management (AUM) of Rs 84,998 crore by the end of December quarter.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Amidst Sino-Indian bonhomie, the Tibet issue cannot be wished away

    Tibet did not figure in the three-day high-level meetings between India and the People’s Republic of China (PRC).

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Varun Dutt

<b>Riskfactor</b>: Intertemporal choices

Intertemporal choice is the study of the relative value people ...

Parvez Imam

Why we all have blood on our hands

What does the Jammu and Kashmir flood make us think? ...

Dharmendra Khandal

The peculiar possibilities of animal poop

You can tell a lot about an animal by its ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture