Birla Sun Life introduces ?protection? funds

Birla Sun Life Asset Management Company Ltd. (BSLAMC), one of the leading asset management companies in India, has announced the launch of their New Fund Offers – Capital Protection Oriented Fund Series 5, a close ended capital protection oriented scheme, which is an appealing alternative to the traditional investment options like Fixed Deposits.

The scheme has a tenor of 832 days and is oriented towards protection of the invested money by investing into high quality bonds (debt) till the end of tenure and exploring capital growth prospect by investing a part of the capital for equity market exposure.

A Balasubramanian, CEO, BSLAMC, said, ?BSLAMC has been amongst the pioneers in this category. We began the Year with the launch of Capital Protection Oriented Fund Series 3 and 4, which received good response from investors. We are now taking this further through the launch of Series 5.?

?Investors who not only look for protecting his/her hard earned money but also look for investment options that can provide returns on his/her capital, will find this an attractive proposition,? he said.

BSLAMC had collected a total of over Rs 300 crores through its earlier launches, BSL CPOF Series 3 and 4 from retail investors.