Birla Sun Life Mutual Fund has launched the New Fund Offer (NFO) of Birla Sun Life Capital Protection Oriented Fund-Series 18, a Close Ended Income scheme. The NFO opens for subscription on Jan 15, 2014, and closes on Jan 29, 2014. No entry load or exit load will be applicable for the scheme.

The minimum subscription amount is INR 5,000 and in multiples of INR 10 thereafter. The scheme's performance will be benchmarked against CRISIL MIP Blended Index and its fund managers are Prasad Dhonde and Vineet Maloo. The investment objective of the scheme is to seek capital protection by investing in fixed income securities maturing on or before the tenure of the scheme and seeking capital appreciation by investing in equity and equity related instruments.