Birla Sun Life MF Files An Offer Document

Birla Sun Life MF has filed an offer document for Birla Sun Life Quarterly Interval Fund This is an Interval Income Scheme. Face value of per unit is Rs. 10 each. An interval income scheme comprises of series of Plans having maturity of 91 days. Each plan will have separate portfolio. The scheme will offer dividend and growth option. Dividend option would have payout and dividend payout facilities. The minimum application amount is Rs.5000 and in multiples of Re.1 thereafter. The minimum targeted amount for the scheme is Rs. 10 lakhs. Scheme will not charge any entry load however; there will be an exit load of 0.50% for redemptions on a day not falling within specified transaction period. The objective of the scheme is to generate regular income through investments in debt and money market instruments.