Birla Sun Life Mutual Fund has filed offer document with Sebi to launch Birla Sun Life Fixed Term Plan-Series GB to Series GI, a closed end income scheme. The scheme will have duration/tenure of 12 months to 60 months and 7 days from and including the date of allotment. The New Fund Offer price is Rs 10 per unit.

Investment objective: The scheme seeks to generate income by investing in a portfolio of fixed income securities maturing on or before the duration of the scheme.

Options: The scheme will have Dividend and Growth Option. Further, Dividend option shall have only Payout facility. Default Option - Growth.

Benchmark: CRISIL Short Term Bond Fund Index (for schemes with duration of 12 to 36 months)

CRISIL Composite Bond Fund Index (for schemes with duration of more than 36 months to 60 months and 7 days)

Loads: Nil

Minimum Application Amount: Rs.5,000 and in multiples of Rs.10/- thereafter.

Minimum Target Amount: Rs 20 crore under each scheme.

Asset Allocation:

For schemes having duration of 12 months or more but equal to or less than 16 months:

The schemes shall invest 60%-100% in debt securities and money market instruments. The schemes shall also invest upto 40% in government securities.

For schemes having duration of more than 16 months but equal to or less than 36 months

The schemes shall invest 70%-100% in debt securities, upto 30% in money market instruments. The schemes shall also invest upto 30% in government securities.

For schemes having duration of more than 36 months but equal to or less than 60 months and 7 days

The schemes shall invest 80%-100% in debt securities, upto 20% in money market instruments. The schemes shall also invest upto 20% in government securities.

Fund Manager: Mr. Kaustubh Gupta