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Business EconomyPosted at: Feb 9 2016 1:56PM


Birla Sun Life Mutual Fund launches Birla Sun Life Emerging Leaders Fund - Series 7

Mumbai, Feb 9(UNI) Birla Sun Life Mutual Fund (BSLMF), announced the launch of the Birla Sun Life Emerging Leaders Fund- Series 7, a close-ended Equity Scheme with a tenure of 3.5 years that seeks to
invest in equity and equity-related securities of companies in the small and mid-cap segment that have a potential to appreciate in the long run.
The primary objective of the scheme is to generate long-term capital appreciation by investing predominantly in equity and equity related securities of such companies.
Speaking on the launch of the scheme, A. Balasubramanian, CEO, Birla Sun Life Asset Management Company Limited said, ''India's macro outlook remains constructive and more resilient compared to other markets. Steps taken by the RBI and Government of India are growth positive, and valuations are reasonable. As a fund house, we see potential for value picks in small, and mid-caps given the concentration of domestic economy inclined sectors in that segment.
Our NFO seeks to use a bottom up investment approach and focus on stock picking to drive alpha from a small and midcap focused, concentrated portfolio. This would be a good opportunity for investors to make the most of this growth phase over the 3.5-year horizon.''
Birla Sun Life Emerging Leaders Fund- Series 7 aims to help investors grow their wealth through the success of select small and mid-cap companies, which are identified after a very thorough, research-oriented portfolio selection process. The corpus of the Scheme will be primarily invested in equity and equity related
securities of the companies in the small and midcap segment that have a potential to appreciate in the long run
The New Fund Offer Period opens on Feb 5, 2016 and is open till Feb 19, 2016 with price of units of the scheme at Rs. 10 per unit.
The scheme will have Regular plan and Direct plan with a common portfolio and separate NAV’s. Each of the above (Regular and Direct) plan under the scheme will have the following Options: (1) Growth
Option and (2) Dividend Option with Payout Facility.
The Scheme is benchmarked against Nifty Midcap 100 Index and will be managed by Mahesh Patil, Co-Chief Investment Officer, Birla Sun Life Asset Management Company.
The units offered under the Scheme will be listed on National Stock Exchange Ltd. (NSE) within 5 business days from the date of allotment. Further, units of the scheme may be listed on any other recognized stock exchange/s as may be decided by AMC from time to time, in accordance with SEBI guidelines. As the units will be listed on stock exchange/s, investors/ unit holders can buy / sell units on a continuous basis on the stock exchange/s.
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