investors: Birla MF gives rollover option in six fixed maturity plans

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(This story originally appeared in on Apr 09, 2021)

Mumbai: Aditya Birla Sun Life Mutual Fund is giving an option to investors in six of its fixed maturity plans (FMPs) to roll over their investments in these funds for one or two years. Those who want to take their money out will get it on the pre-scheduled date of closure, while those who wish to continue to invest will have to send applications to the fund house for rollover.

The FMPs, closed-ended schemes with a fixed date of maturity, were launched in Jan 2018. It will close this month.

The fund house is giving this option to its FMP investors since existing investors have already made good money in these funds because of the rally in bond prices last year and can now enjoy some more indexation benefits if they decide to continue with same schemes. The options are being given at a time when alternate investment options are available at low rate of interest, A Balasubramanian, CEO, Aditya Birla MF, said.

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