Birla Sunlife Mutual Fund has filed an offer document for Birla Fixed Term Plan - Quarterly Series 22-25. It is a close-ended income scheme. Each scheme shall have a separate portfolio. The NFO price for the fund is Rs 10 per unit. The scheme will mature on 91st day from the date of allotment or the immediately following Business Day, if that date is not a Business Day.
The scheme will have dividend and growth plans. The dividend plan would have Payout facility. In case of valid applications received, without indicating any choice of plan, it will be considered as application for dividend payout and processed accordingly. The minimum application amount under is Rs.5, 000 and in multiples of Re.1 thereafter.
As it is a close-ended scheme, there will not be any entry load on the scheme. There will be an exit load of 0.50% if redeemed before the maturity period. The scheme objective is to generate income by investing in a portfolio of fixed income securities maturing normally in line with the duration of the scheme.
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