18 Apr 2008 | 12:26
Birla Sun Life MF files another offer document
Name of Fund: Birla Sun Life 130-30 Fund
Scheme: It is an open-ended diversified equity scheme.
Objective: The scheme seeks to generate long-term growth of capital by investing predominantly in a portfolio of equity and equity related securities. The scheme may also take short positions in stocks and/or index.
Plans: The scheme will have retail plan and institutional plan with a common portfolio.
Investment option: Each plan under the scheme will have dividend and growth option. Dividend option shall have payout, reinvestment and sweep facility. Default plan/option/facility retail plan/growth option/dividend reinvestment.
Asset Allocation: The fund will invest 65-100% in equities and equity-related instruments. It will have investment of 0-35% in fixed income securities including money market instruments. Investment in securitised debt papers may be made up to 50% of the debt portfolio of the scheme. Under normal circumstances, the scheme shall not have an exposure of more than 35% of its net assets in foreign securities.
Face Value: Rs 10
Entry Load: The scheme will charge 2.50% an entry load for purchase / switch-in of units less than Rs. 5 crores in value. No entry load will be charged for the purchase / switch-in of units equal to greater than Rs. 5 crores in value.
Exit Load: For repurchase/ switch out of units of less than Rs 5 crore in value, an exit load of 1.00% is payable if units are redeemed/ switched out within 6 months from the date of allotment and 0.50% is payable if units are redeemed/ switched out after 6 months but before 12 months from the date of allotment.
There will be no exit load charged if redemption for repurchase / switch out of units equal to or greater than Rs. 5 crore in value.
Minimum Investment Amount: Minimum investment under retail plan is Rs 5,000 and in multiples of Re 1 thereafter. Under institutional plan, the minimum investment amount is Rs 5 crore in multiples of Re 1 thereafter.
Minimum subscription amount: Rs 1 crore
Benchmark Index: BSE 200
Fund Manager: Mr. Jignesh Shah
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