Birla Sun Life Mutual Fund has filed offer documents with the Securities and Exchange Board of India seeking approval to launch Birla Sun Life Resurgent India Fund - Series 4 & 5. According to SEBI website, the close-ended equity scheme series will have a lock-in period of three years and six years.The investment objective of the scheme is provide capital appreciation by investing primarily in equity and equity-related securities that are likely to benefit from recovery in the Indian economy.
The scheme will invest at least 80 percent of its corpus in equity and equity-related securities including options premium, while the balance 20 percent will be deployed in money market and debt instruments, as per the draft offer document.
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