Birla Sun Life MF Rolls Out New Fixed Term Plan

Birla Sun Life MF has unveiled Birla Fixed Term Plan Quarterly Series 21 scheme and it is a close end income scheme. The scheme will have duration of 91 days from the date of allotment. The scheme seeks to generate current income by investing in a portfolio of fixed income securities maturing normally in line with the duration of the scheme. 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.