Steady Performer

FUND PICK: Birla Bond Plus Retail

 Background: Launched in November 2001, Birla Bond Plus Retail has two options - growth plan and monthly-dividend plan.

 The fund does not charge any entry or exit load. The minimum investment limit is Rs 5,000.

 Performance: If you are looking for an avenue to park short-term surpluses, the fund could be one of the better options.

 Though the fund has largely remained an average performer, its below-average volatility makes it an attractive pick. The fund's 180-day rolling return over the past one year is a decent 3.78 per cent (annualised 7.67 per cent), on a par with the category