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Birla Sun Life Mutual Fund, a part of Aditya Birla Financial Services Group, is planning to launch a new scheme ‘Birla Sun Life Emerging Leaders Fund — Series 1’, which is a 3-year close-ended equity scheme.
This scheme will invest in equity and equity-related securities of companies in the small and mid-cap segments that have a potential to appreciate in the long-run.
The new fund offer will remain open for subscription between April 25 and April 30.
“Small and mid-caps which may be volatile in short term, tend to do very well in periods of rising economic growth and may be expected to bounce back strongly over the next 2-3 years. Our NFO thus looks to provide investors a good opportunity to make the most of this growth phase over the 3-year horizon,” Chief Executive Officer of Birla Sun Life MF, A. Balasubramanian said.
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