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Birla Sunlife Launches FTP – Half Yearly 2

Birla Sunlife Mutual Fund has launched another FMP: Birla Fixed Term Plan – Half Yearly Series 2. The new fund offer is open between February 8 and February 12. It would mature on August 13, 2007.

The minimum subscription amount for the fund is Rs 5000. It will charge an exit load of 0.50 per cent for redemptions made within maturity.

It would invest atleast 80 per cent of its assets in AAA rated securities and upto 20 per cent of the assets in AA rated securities. The fund would benchmark its performance against CRISIL Liquid Fund Index.