Birla Sun Life Mutual Fund has launched a new close ended capital protection oriented scheme Birla Sun Life Capital Protection Oriented Fund - Series 1 with duration of 27 months . The new fund offer would remain open from 5th February, 2010 to 5th March, 2010. The scheme aims to seek capital protection by investing 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 scheme offer growth option only. The minimum application amount under the scheme is Rs. 5000 and in multiples of Re.1 thereafter. The scheme will not charge any entry and exit load. It will be benchmarked against CRISIL MIP Blended Index and will be managed by Satyabrata Mohanty.
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