Birla Sun Life Unveils New Fund

Mumbai: Birla Sun Life Mutual Fund has unveiled Birla Sun Life Long Term Advantage Fund - Series I, a three-year closed-ended equity fund. The fund targets to generate long-term capital appreciation by infusing predominantly in equity and equity-related securities of small and mid cap companies. The fund will be benchmarked against the BSE 500 index. Mid and small cap companies now quote at a substantial discount to the large cap companies and hence offer better risk-to-reward and investment opportunities.