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Aditya Birla Sun Life Mutual Fund has filed offer document with SEBI to launch an open-ended equity scheme named ‘Aditya Birla Sun Life Fixed Term Plan - Series TN to Series TR ‘. 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 Ultra Short Term Debt Index (for schemes launched with duration of 92 days to 180 days) NIFTY Low Duration Debt Index (for  schemes launched  with duration of 181days to 365days)CRISIL Short Term Bond Fund Index(for schemes launched with duration of more than 12 months to 36 months) CRISIL Medium Term Debt Index(for schemes launched with duration of more than 36 months to 48months) CRISIL  Medium  To  Long Term  Debt Index  (for  schemes  launched  with duration of more than 48 months to 84 months)CRISIL  Long  Term  Debt  Index (for  schemes  launched  with  duration  of more than 84 months to 126 months. The minimum application amount will be Minimum of Rs 1000 and in multiples of Rs 10 thereafter during the NFO period.

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.