Birla Sun Life Mutual Fund has launched Series 7 of its Emerging Leaders Fund, a close-ended equity scheme with a tenure of 3.5 years that seeks to invest in equity and equity-related securities of companies in the small and mid-cap segment.
The new fund offer period opened for subscription on February 5 and will close on February 19 with trading price of units of the scheme at Rs 10 each.
The scheme will have regular plan and direct plan with a common portfolio and separate NAVs. Each of the above (regular and direct) plan under the scheme will have the following options: (1) Growth Option and (2) Dividend Option with Payout Facility.
The scheme is benchmarked against Nifty Midcap 100 Index and will be managed by Mahesh Patil, Co-Chief Investment Officer, Birla Sun Life Asset Management Company.
The units offered under the scheme will be listed on the NSE within five business days from the date of allotment. The fund is classified as having moderately high-risk.