The Hindu Business Line : Birla Sun Life launches global fund

Mumbai, Sept. 11 Birla Sun Life Mutual Fund on Tuesday launched an international equity fund. This equity fund has two plans. Plan A, would invest in a portfolio of international stocks from all across the globe, whereas Plan B would be a combination of domestic (65-75 per cent) as well as international (25-35 per cent).

“None of the economies in the world have consistently given high returns, they have had their fair share of ups and downs, so it is our job as a smart mutual fund to look at those stocks in an economy that is doing well. Stock selection is key. It is our job to help our investors invest their money in stocks that consistently give high returns", said Mr Raghvendra Nath, Vice-President -Marketing and Strategy of Birla Sun Life Asset Management, at a press conference in the city today.

“In this equity fund there is no bias based on geography or market cap. We do not want the Indian investors to miss out on those stocks doing well outside the country and that can be achieved by the rigorous equity research done by S&P", said Mr Mukul K Gupta, CEO, Birla Sun Life Mutual Fund, speaking at the same press conference.

This open-ended equity scheme is open for subscription on from September 17, with Rs 5,000 minimum subscription fee. Entry load is said to be 2.5 per cent for less than or up to Rs 5 crore and the exit load is at one per cent for purchases less than Rs 5 crore.

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