Name of Fund: Birla Sun Life International Equity Fund
Scheme: Open-End, Equity Diversified Scheme
Plans: Plan A and Plan B
Plan A: The plan would exclusively invest in international stocks.
Plan B: The plan would invest in a blend of domestic and international stocks. It would have the flexibility to invest in stocks across different market capitalisation.
The international investments for both the plans would aim to create a portfolio that is diversified geographically, to take benefit of low correlation between various countries, and to create a portfolio of high quality - high growth stocks.
The domestic portion of the portfolio would provide a strong base to the scheme and the international portion would aim towards reducing the risk through diversification and contribute to returns.
Plan A: Around 90-100 % of investments would be allocated to foreign equity and equity-related instruments. Fixed income securities and money market component in the portfolio would be around 0 - 10 %.
Plan B: Around 90-100 % of investments would be allocated to equity and equity-related instruments out of which 65 to 75% would be in Indian securities and 25 to 35% would be in foreign securities. Fixed income securities and money market component in the portfolio would be around 0 - 10 %.
Fund Opens: September 17, 2007
Fund Closes: October 16, 2007
Face Value: Rs 10
Investment Options: Growth, Dividend Reinvestment, Payout and Sweep Facility
Entry Load: An entry load of 2.50% would be charged for investment upto 5 crores.
Exit Load: An exit load of 1% would be charged for investment less than 5 crores if redeemed within six months from the date of allotment.
Minimum Investment Amount: Rs 5000
Plan A: S&P Global 1200
Plan B: It would be benchmarked against a customised benchmark created using BSE 200 to the extent of 65% of portfolio and S&P Global 1200 to the extent of 35% of portfolio
Fund Manager: Mahesh Patil and Vineet Maloo