Birla Sun Life's equity fund collects Rs 1,300 cr

Mumbai, Nov 1: Birla Sun Life Mutual Fund (BSLMF) today said its open ended diversified equity fund 'Birla Sun Life International Equity Fund' has collected over Rs 1,300 crores before the offer ended on October 16, 2007.

The fund offered two plans under which one will invest in diversified portfolio of international stocks from across the world or opt for investing in a mix of domestic stocks (65-75 per cent) and international stocks (25-35 per cent), BSLMF said in a statement here today.

''Highest ever collections in an equity NFO for the AMC, coupled with the good performing existing schemes and the Company crossing an AUM of Rs 30,000 crores were the positive factors that propelled the Company's growth,'' Aditya Birla Group Financial Services and Strategy Director Ajay Srinivasan said.

This particular equity fund was specifically designed for those investors who seek exposure to international markets without any geographical or sector bias, Mr Srinivasan added.

UNI