14 August 2008

Birla Sun Life Mutual Fund has extended the closing date of new fund-offering (NFO) period of Birla Sun Life Fixed Term Plan-Series AF till 22 August 2008 instead of 18 August 2008 . The new fund offer was opened for subscription on 6 August 2008 .

Birla Sun Life Fixed Term Plan Series AF is a close-ended income scheme. The NFO price for the fund is Rs 10. The primary investment objective of the scheme is to generate current income by investing in a portfolio of fixed income securities maturing normally in line with the duration of the scheme.

The scheme offers retail and institutional plans. Both plans offer two options i.e. growth and dividend payout and dividend reinvestment facility.

The minimum investment amount under retail plan is Rs 5,000 and in multiples of Re 1 thereafter. The minimum investment amount under institutional plan is Rs 1 lakh and in multiples of Re 1 thereafter.

The fund will invest entire corpus in debt securities and money market instruments. The Benchmark index for the scheme is CRISIL Short Term Bond Fund Index. The fund manager for the scheme is Mr. Satyabrata Mohanty