Birla Sun Life Mutual Fund, a part of Aditya Birla Financial Services Group, is planning to launch a new scheme 'Birla Sun Life Emerging Leaders Fund - Series 1', which is a 3-year close-ended equity scheme.
This scheme will invest in equity and equity-related securities of companies in the small and mid-cap segments that have a potential to appreciate in the long-run.
The new fund offer will remain open for subscription between April 25 and April 30.
"Small and mid-caps which may be volatile in short term, tend to do very well in periods of rising economic growth and may be expected to bounce back strongly over the next 2-3 years. Our NFO thus looks to provide investors a good opportunity to make the most of this growth phase over the 3-year horizon," Chief Executive Officer of Birla Sun Life MF, A. Balasubramanian said.
* * * * *
Medwell Ventures launched
Bangalore: Healthcare based research company Cytespace in partnership with former Fortis Healthcare group CEO Vishal Bali today announced the launch of Medwell Ventures --a pan India healthcare delivery platform and specialty home healthcare company.
The promoters expect to invest USD 15-20 million in this business over the next 3-5 years.
"We have successfully closed the initial round of funding from the promoter group and expect to invest USD 15-20 million in this business over the next 3-5 years," Medwell head by Farzaan Engineer told reporters here.
The company also announced the acquisition of Bangalore based Nightingales Home Health Services, a company with over eighteen years experience in home health care.
Medwell plans to expand services of Nightingales with a specialty home healthcare focus on pulmonary, cardiology, metabolic diseases, neurological health, orthopaedics, geriatrics, rehabilitation and post operative surgical site management, the company officials said.
