Birla Sun launches international equity fund

Kochi, Sep 13 (UNI) Birla Sun Life Asset Management Company Limited today launched an international equity fund, which will help investors to diversify investments and overall risk.

Talking to newspersons here today, Company Vice-President (Marketing and Strategy) Raghvendra Nath said the NFO for the open-ended Birla Sun International Equity Fund would open on September 17.

He said the minimum investment would be Rs 5,000 and the scheme would generate long-term growth of capital by investing predominantly in a diversified portfolio of equity and equity-related securities in the international markets.

The Fund had two plans, Plan A and Plan B. Plan A would be made full investment in diversified portfolio of international stocks and Plan B would be a mix of domestic and international stocks, he said.

The company had engaged the investment advisory services of 'Standard and Poor' to design a model portfolio of international stocks.

Mr Nath said through the fund, the investors would have an opportunity to invest in global companies, diversify investments and reduce overall risk.

The company had over a 12 lakh investor base and around Rs 27,000 crore assets, he added.

UNI