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E-mail ID will not be published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

  • For those who are left to survive a war-torn world, let there be peace

    The hunger games have begun, and they have started reaping our children. There is no way around it.

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

Urs Schöttli

Shifting sands in the Far East

As was to be expected, Japanese prime minister Shinzo Abe ...

Zehra Naqvi

When humanity died, bestiality prevailed

The terrorist attack that killed 132 children in Peshawar has ...

Bubbles Sabharwal

Why self-esteem must be your best friend forever

Two negatives do make a positive! Imagine no doubts, no ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture