Birla Sun Life Insurance launches Special Situations Fund
Birla Sun Life Asset Management Company has launched its new fund named as ‘Birla Sun Life Special Situation Fund’.
Mukul Gupta, CEO of Birla Sun Life Mutual Fund,said that most of the quality companies plan for expansions,so we will use our investment expertise to identify the right special situations in our new fund that can generate superior returns.
A.Balasubramanian,Chief Investment Officier said that the Fund targets the retail sector and institutional investors.He also adds that in the first 9 months of 2007, Rs 1,25,000 crore worth transactions have been reported.
As a result of this, the special situation Fund has been opened on december17 and will close on January 15,2008. The fund plans to invest 80 percent of the proceeds in equity and the remaining 20 percent in fixed income securities.
