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Journalism of Courage
Birla Sun Life Asset Management Company today launched its new fund offers–Capital Protection Oriented Fund Series 3 and Series 4 offering alternative to the traditional investment options like fixed deposits.
The 36-month close-ended schemes are oriented towards protection of the invested money by investing into high quality bonds (debt) while exploring capital growth by investing a part of the fund in equities.
“We had launched Capital Protection Oriented Fund series 1 and 2 last year,which received overwhelming response from investors. We are now launching Series 3 and Series 4,given that the current market conditions make such funds attractive,and provide alternate investment options to investors,” Birla Sun Life Asset Management Company Chief Executive Officer A Balasubramanian said in a statement.
“This product is designed to keep the investors’ money safe. At the same time it allows the investor an opportunity to take a small exposure to equity market through investing in premium of exchange traded index options. The returns of such funds are also more tax-efficient as compared to traditional deposits,” he said.
Birla Sun Life Asset Management Company is a joint venture between Aditya Birla Group and Sun Life Financial Inc,a leading international financial services organisation from Canada.
