New Delhi: Birla Sun Life Mutual Fund has garnered Rs 781 crore through its manufacturing sector scheme. The scheme–Birla Sun Life manufacturing equity fund is an open-ended scheme focused to tap the key potential of the Indian manufacturing story.
Birla Sun Life Mutual Fund is part of Aditya Birla Financial Services Group. As per the fund house, the new scheme saw participation of 77,112 investors, of which around 36 per cent are from B15 markets (beyond top 15 cities). In a statement, Birla Sun Life AMC said it “has raised Rs 781 crore under its New Fund Offer (NFO) ? Birla Sun Life Manufacturing Equity Fund.”
The project aims to generate long-term capital appreciation by predominantly investing in equity and equity related securities of companies engaged in manufacturing activity. The performance of the scheme will be benchmarked to the performance of S&P BSE 500.
