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