Birla Sun Life Mutual Fund has rolled out a new close-ended income scheme, Moneylife Personal Finance reports. The Birla Sun Life Fixed Term Plan-Series DE aims to generate income by allocating to a portfolio of fixed income securities maturing on or before the duration of the scheme.
The issue of the scheme, which has a tenure of 367 days, will close on July 11, 2011. The CRISIL Short Term Bond Fund Index is the benchmark index for the fund and Kaustubh Gupta is its portfolio manager.
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