Birla Sun Life Mutual Fund has extended the closing date of new fund-offering (NFO) period of its two equity linked FMPs viz, Birla Sun Life Fixed Term Plan-Series C and Birla Sun Life Fixed Term Plan-Series D till 22 September 2008 instead of 10 September 2008. The new fund offer was opened for subscription on 20 August 2008. Both these funds are close-ended debt schemes. The NFO price for the fund is Rs 10.
Both schemes seek 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 maturity date of Birla Sun Life Equity Linked FMP Series C would be 21 months and that of Birla Sun Life Equity Linked FMP Series D would be 36 months from the date of allotment
Both schemes seek 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 maturity date of Birla Sun Life Equity Linked FMP Series C would be 21 months and that of Birla Sun Life Equity Linked FMP Series D would be 36 months from the date of allotment
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