Financial Daily from THE HINDU group of publications
Friday, Dec 10, 2004
Financial Daily from THE HINDU group of publications Friday, Dec 10, 2004 |
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Markets
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Mutual Funds Birla Mutual plans fixed maturity schemes Our Bureau
Mumbai , Dec. 9 BIRLA Sun Life Mutual Fund has filed offer documents for two of its fixed maturity plans, Series A and Series B, with the Securities and Exchange Board of India. The investment objective of the schemes is to seek to achieve growth of capital by investing in a portfolio of fixed income securities maturing normally in line with the duration of the schemes, according to the offer document. The corpus of the scheme will be invested in high quality debt and money market instruments. The securities mentioned above could be listed or unlisted, secured or unsecured, rated or un-rated and of varying maturity, as per SEBI and RBI regulations. The securities may be acquired through initial public offerings, secondary market operations, private placement, rights offer or negotiated deals, says the document. The schemes, both growth and dividend plans, are expected to open this month.
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