Birla Sun Life Mutual Fund has filed offer document with Securities and Exchange Board of India (SEBI) to launch Birla Sun Life 130 - 30 Fund. It is an open-ended diversified equity scheme. The face value of the new issue will be Rs 10 per unit. The investment objective of the scheme is to generate long-term growth of capital by investing predominantly in a portfolio of equity and equity related securities. The scheme may also take short positions in stocks and/or index. The scheme will offer two plans viz. retail and institutional plan. Each plan under the scheme will have dividend and growth option. Dividend options shall have payout, reinvestment and sweep facility.
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