NFO: Here’s all you need to know about Birla Sun Life Fixed Term Plan – Series OP (1105 days)

Birla Sun Life Fixed Term Plan – Series OP (1105 days) is a close-ended income scheme which can help investors generate income with capital growth over a long term. The investments will be done in debt and money market securities maturing on or before the tenure of the scheme.

Here are a few things to know about the scheme:

New Fund Offer time period
The NFO opened on May 17, 2017, and closes on May 23, 2017

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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.

Asset Allocation
Under normal circumstances, the asset allocation of the scheme will be as follows:

The scheme shall invest only in such securities which mature on or before the date of the maturity of the scheme. In the case of securities with put options, the maturity shall be reckoned with respect to the final maturity date and not the “put option” date.

Liquidity of the Scheme
The scheme will have duration/tenure of 1105 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. 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 unitholders who wish to redeem units may do so through stock exchanges at the prevailing listed price on such stock exchanges.

Load Structure
The entry load and exit load is not applicable under this scheme.

Minimum Application Charges
The minimum application charges will be of Rs 1000, which can be increased in multiples of Rs 10 thereafter during the New Fund Offer period.

Scheme’s Benchmark
The benchmark of the scheme is CRISIL Composite Bond Fund Index.

It is, however, to be noted that one should consult one’s financial adviser before investing in such a fund. Moreover, one must link one’s investments to one’s financial goals of life.

(Source: amfiindia website)