Birla Sun life MF files offer document

Birla Sun life MF has filed offer document for international equity fund. The scheme will be open-ended diversified equity scheme. The minimum investment for plan starts from Rs. 5,000 and in multiples of Re.1 thereafter. The issue price is Rs. 10. The entry Load will be 2.25% for amount up to Rs. 5 crore and nil above Rs. 5 crore. The exit load will 1% of applicable NAV if exit is occurred within 12 months of allotment. The target amount to be raised is Rs. 1 crore.

The scheme offers Growth Option and Dividend Option. The Dividend Option shall have Payout, Reinvestment and Sweep Facility. The primary investment objective of the scheme is to generate long -term growth of capital by investing predominantly in a diversified portfolio of equity and equity related securities in the domestic international markets.