Birla Sun Life Mutual Fund has unveiled Birla Sun Life Equity Linked FMP Series C and D on 20 August 2008. The new issues will be closed for subscription on 10 September 2008. The NFO price for the fund is Rs 10 per unit. Both the schemes are close-ended structured debt scheme. The scheme seeks to invest in short and medium term debt instruments with fixed and/or floating payouts linked to equity indices. The scheme may also undertake to invest in derivative contracts. These instruments will normally mature in line with the time profile of the Scheme. The Series C will mature at the end of 21 months and Series D at 36 months from the date of allotment. The scheme will have retail and institutional plans. Each plan under the scheme will further have dividend and growth options. Further, dividend option shall have payout and reinvestment facility.
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