Birla Sun Life Mutual Fund has announced the launch of its close-ended income scheme, Birla Sun Life Fixed Term Plan- Half Yearly Series 5. The initial issue price of units is at Rs.10 per unit. The fund opens for subscription on 18 September and will close on 22 September 2008. The investment objective of the scheme is to generate fixed returns. The scheme will have growth & dividend options. The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter.
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