Birla Sun Life Mutual Fund (BSLMF) has launched BSL Capital Protection Oriented Fund Series 1, which offers those investing in traditional investment options like fixed deposits, an attractive alternative. This is a 27-month close-ended fund which seeks capital protection by investing into high quality debt securities maturing in line with the tenure of the scheme and seeking capital appreciation by investing a part of the capital in equity market.
A Balasubramanian, Chief Executive Officer, BSLAMC, said: "Given that today investors in India have over Rs 37 lakh crore in FDs, BSL CPOF Series 1 offers us an opportunity to provide these Investors an alternative investment avenue. Investors with safety on their mind and with a time horizon of 2-3 years are our target audience."
"The fund intends to invest 90 per cent of the capital on the debt side in high quality debt instruments. The rest 10 per cent of the capital shall be invested in the equity side and shall comprises high growth stocks. Basically, the fund offers investors an opportunity to invest a small portion of their portfolio in equity market with low risk," he said.
