RSS Feed (xml)

Powered By

Skin Design:
Free Blogger Skins

Powered by Blogger

Wednesday, September 19, 2007

Birla Sun Life introduces International Equity Fund

Birla Sun Life Asset Management Company Ltd has introduced a new open-ended diversified equity fund for the Indian customers, ‘Birla Sun Life International Equity Fund’ on September 17 to get invest their money directly on the international market. Birla Sun Life has tried to generate long-term capital growth through this new equity, as it would get the pros and cons of both the international market and the domestic market. It has two plans, Plan A and Plan B. Under Plan A, the asset allocation would be 90-100 per cent in international equities across the world market and 0-10 per cent in fixed income securities would be invested in diversified portfolio of international stocks from across the world, while Plan B has a blend of domestic stocks and international stocks in which 65-75 per cent of asset would be invested in Indian equities, 25-35 per cent in international equities and 0-10 per cent in fixed income securities, officially announced.

No comments: