Birla Sun Life Corporate Bond Fund launched

Guwahati, March 31: Birla Sun Life Asset Magement Company Limited, a part of Aditya Birla Fincial Services Group (ABFSG), and investment mager for Birla Sun Life Mutual Fund (BSLMF), announced the launch of Birla Sun Life Corporate Bond Fund, an open-ended income Scheme focusing on the corporate debt securities. The New Fund Offer (NFO) opens for subscription from March 30 – April 13, 2015 with price of units of the scheme at face value of Rs.10 per unit.

Speaking on the Indian Debt market, A. Balasubramanian, CEO, Birla Sun Life Asset Magement Company Limited said, “As interest rates ease off, it holds merit for investors to relook, and rebalance their debt portfolio by increasing allocation to accrual funds. The value proposition of BSL Corporate Bond Fund lies in our team’s ability to deliver superior investor experience compared to traditiol savings by proactively spotting creditworthy opportunities ahead of most of other market participants.”

“The fund will not only help investors seeking stability of returns to take advantage of the current economic reforms, but will also help them benefit from expected fall in interest rates in market over the next few quarters,” added A. Balasubramanian. This was stated in a press release.