Scheme: A close-ended income scheme.

Objective: The primary investment objective of the scheme is to generate current income by investing in a portfolio of fixed income securities maturing normally in line with the duration of the scheme.

Schemes available under the series: Birla Sun Life FTP Series BG to Birla Sun Life FTP Series BU.

Duration: Birla Sun Life FTP Series BG to Series BP will have duration from 12-24 months from the date of allotment. For Birla Sun Life FTP Series BQ to Series BU the maturity period will be from 24 36 months from the date of allotment.

Investment Options: Each scheme will offer two plans i.e. Retail & institutional plan with growth and dividend option. The dividend option will further offer dividend payout and dividend re-investment facility.

Asset Allocation: The fund will invest up to 100% in debt securities and money market instruments. The investment in securitised debt can be up to 100% of the net asset of the scheme. The scheme may also invest up to 50% of the net assets of the scheme in such derivative instruments.

NFO price: Rs 10 per unit

Entry Load: The scheme will not charge any entry load

Exit Load: The scheme will charge 2.00% as an exit load if the investment is redeemed during the first 180 days. If the investment is redeemed after 180 days but before maturity the scheme will charge 1.00% of exit load and no charges will be levied for the redemptions on maturity.

Minimum Investment Amount: the minimum investment amount under regular plan is Rs 5, 000 and multiples of Re 1 thereafter. For Institutional plan the minimum subscription amount is Rs 1 crore and multiples of Re 1 thereafter.

Minimum Target amount: The Fund seeks to collect a minimum subscription amount of Rs 10 lakh under each series during NFO.

Benchmark Index: Crisil Short Term Bond Fund Index.

Fund Managers: Satyabrata Mohanty will manage the fund.

Powered byCapital Market - Live News