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Our Bureau

Mumbai, Feb. 12 Birla Sun Life Mutual Fund has launched a three year closed-ended equity scheme with an automatic conversion into an open-ended scheme upon maturity.

The Birla Sun Life Pure Value Fund which opened on January 17 will close on March 1 and the offer price is Rs 10 per unit.

The fund will invest 85-100 per cent in equity and equity related instruments and up to 15 per cent in fixed income securities, which will also include money market instruments. The fund seeks to generate consistent long-term capital appreciation by investing predominantly in equity and equity related securities by following value investing strategy.

The fund aims at investing in stocks and sectors that which have potential value to be unlocked. The scheme allows both dividend and growth options.

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