Here’s all you need to know about Birla Sun Life Fixed Term Plan – Series OI

By: | Published: March 10, 2017 3:17 PM

Birla Sun Life Fixed Term Plan - Series OI (1120 days) is a closed-ended income scheme which is suitable for investors who are seeking capital appreciation over the long term. The degree of risk is moderate.

The scheme seeks to generate income by investing in a portfolio of fixed income securities maturing on or before the duration of the scheme.

Birla Sun Life Fixed Term Plan – Series OI (1120 days) is a closed-ended income scheme which is suitable for investors who are seeking capital appreciation over the long term. The degree of risk is moderate.

Investment objective

The scheme seeks to generate income by investing in a portfolio of fixed income securities maturing on or before the duration of the scheme. The Scheme does not guarantee/indicate any returns. There can be no assurance that the schemes’ objectives will be achieved.

NFO dates

New Fund Offer Opens on March 09, 2017 and closes on March 15, 2017

Liquidity

The scheme will have duration/tenure of 1120 days from and including the date of allotment. The NAV of the scheme will be announced on every business day. No redemption or repurchase will be permitted prior to maturity of the Scheme however, The scheme will be listed on NSE and/or any other recognized stock exchanges as may be decided by AMC from time to time and the unit-holders who wish to redeem units may do so through Stock Exchange at prevailing listed price on such Stock Exchange.

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Flexibility

The Mutual Fund will allow investors the flexibility to switch their investments (subject to minimum application amount under the scheme) from any other scheme(s) / plans managed by Mutual Fund, Fund, as per the features of the respective scheme, and / or close ended scheme(s) / plans (those close ended scheme(s) / plans launched prior to December 12, 2008) offered by the Mutual Fund to Birla Sun Life Fixed Term Plan – Series OI (1120 days) during the New Fund Offer period (subject to completion of lock in period, if any, of the units of the scheme(s) from where the units are being switched).

Minimum Application Amount

Minimum of Rs 5,000/- and in multiples of Rs 10/- thereafter during the New Fund Offer period

Load Structure

Entry load is nil in the scheme while exit load is also nil.

No redemption/repurchase of units shall be allowed prior to the maturity of the scheme. Investors wishing to exit may do so through stock exchange mode.

Dematerialization

The Unit holders are given an option to hold the units by way of an account statement or in dematerialized (‘Demat’) form. Unit holders opting to hold the units in demat form must provide their demat account details in the specified section of the application form.

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Listing / NAV Disclosure

The AMC will calculate and disclose the first NAV(s) of the scheme not later than 5 business days from the date of allotment. Thereafter, the NAV will be calculated and disclosed for every business day.

Note that investors should consult their financial advisers if in doubt about whether the product is suitable for them.

(Source Input: Birla Sun Life Mutual Funds)

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