Saturday, Apr 26, 2003
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By Our Corporate Reporter
Addressing presspersons here today, Ravi Sharma, (Head) Marketing, Birla Sun Life Asset Management Company, said mutual funds have become active players in the debt market with a substantial portion of their assets under management being in fixed income instruments. Mr. Sharma said Birla Bond Index Fund was designed to track the CRISIL Composite Bond Fund Index while seeking to deliver high level of safety, liquidity and reasonable returns. The scheme is open for initial subscription from April 22 to May 2 and the minimum investment during the period is Rs. 25,000. Thereafter the minimum subscription will be Rs. 1 lakh. There is no entry load while an exit load of 0.25 per cent will be applicable for investments up to Rs. 10 lakhs, if redeemed within 90 days.
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