Birla Sun Life Mutual Fund has announced the revision of certain provisions of Birla Sun Life Interval Income Fund– Quarterly Plan– Series I and Birla Sun Life Quarterly Interval Fund– Series 4, with effect from April 1, 2011.
The revised provisions are as under:
Investment Objective: The investment objective of the scheme is to seek to generate regular returns and growth of capital by investing in a diversified portfolio of debt and money market securities maturing on or before the term of the scheme.
Type of Scheme: An interval income scheme.
Term of the Schemes: 91 days from and including the date of closure of the Specified Transaction Period.
Plans / Options available: The schemes will have Dividend and Growth option.
Listing: The units of the scheme will be listed on recognized stock exchange from the effective date.