Birla Mutual Fund has filed an offer document for series of Birla Sun Life Interval Fund. Birla Sun Life Monthly Interval Fund will have two series i.e. series A and series B with time duration of about 29 to 33 days. Birla Sun life Quarterly Interval Fund will have four series i.e. from Series 11 to 14 with a tenor of about 89 to 100 days.
Both the schemes will offer dividend option and growth option. The dividend option would have payout facility & reinvestment facility. The default option is dividend payout facility.
The minimum application amount for both the fund is Rs. 5,000 and in multiple of Re 1 thereafter.
The investment objective for both the schemes is to generate regular income through investments in debt and money market instruments.
Entry Load: Nil
Exit Load: 0.50% for the redemption made during the period other than specified transaction period.
The mutual fund seeks to raise a minimum subscription amount of Rs.10, 00,000 during the NFO period.
The Benchmark Index for the scheme would be Crisil Liquid Fund Index.
Mr. Satyabrata Mohanty would manage the schemes.
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