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Aditya Birla Sun Life Mutual Fund has filed offer document with SEBI to launch a close ended income scheme named ‘Aditya Birla Sun Life Fixed Term Plan - Series TI to Series TM’. The New Fund Offer price is Rs 10 per unit. Entry load and Exit load will be nil. The Scheme offers both growth and dividend options for investment and seeks to collect a Minimum Target Amount of Rs 20 crore.

The  performance  of  the  scheme  will  be  benchmarked  by  CRISIL  Liquid  Fund  Index(for  schemes  launched  with  duration  of  30  days  to  91  days)  CRISIL  Short  Term  Bond  Fund  Index(for  schemes  launched  with  duration  of  92  days  to  36  months)  CRISIL  Composite  Bond  Fund  Index(for  schemes  launched  with  duration  of  more  than  36  months  to  62  months)  CRISIL  Long  Term  Debt  Index(for  schemes  launched  with  duration  of  more  than  62  months  to  126  months.  The  minimum  application  amount  is  Rs  1000  and  in  multiples  of  Rs  10  thereafter.

The investment objective of the scheme is to generate income by investing in a portfolio of fixed income securities maturing on or before the duration of the scheme.