Birla Sun Life MF has unveiled the scheme called Birla Fixed Term Plan Series Y and the scheme is close end income scheme. The primary investment objective of the scheme is to generate current income by investing in a portfolio of fixed income securities maturing normally in line with the duration of the scheme.
Asset Allocation: The fund will invest up to 100% in debt securities and money market instruments. The investment in securitised debt can be up to 100% of the net asset of the scheme.
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