Birla Sunlife Plans Bond Index Fund

Birla Sun Life Mutual Fund is planning to launch a Bond Index Fund within the next fortnight, which will be benchmarked against the Crisil Bond Fund Index.

This was announced here by Vikas Sachdeva, the country head (sales & marketing) of the fund, while participating in a roadshow to market their new plan, Birla Dividend Yield Plus, which opened on January 23 for subscription.

The open-ended scheme aims at providing capital growth and income by investing primarily in a diversified portfolio of dividend paying companies that have a relatively high dividend yield.

The scheme will select stocks based on strong fundamentals, dividend track record and low volatility, Anil Sareen, Fund Manager of Birla AMC said here today.