Birla Sun Life International Equity Fund NFO

September 21, 2007

Birla Sun Life International Equity Fund NFO opened on September 17 and will close on October 17.

“Birla Sun Life International Equity Fund has two plans - plan A will invest in a diversified portfolio of international stocks from across the world. Plan B will be a mix of domestic stocks (65 to 75 per cent) and international stocks (25-35 per cent),” Raghevendra Nath, vice-president, marketing and strategy, of the company told reporters.

The company has engaged the investment advisory services arm of Standard and Poor’s (S&P). Its advisory services would design a model portfolio of international stocks, using S&P Equity research’s proprietary Stock Appreciation Ranking System (STARS), Nath said.

The objective of the scheme seeks to generate long-term growth of capital, by investing predominantly in a diversified portfolio of equity and equity related securities in the international markets.

The fund could buy the potentially high performing stocks from any sector anywhere in the world. The efficacy of this methodology would lie in the fact that the US Stocks that have been ranked 4-Stars and 5-Stars have consistently outperformed the benchmark S&P 500 Index over a one, three and five year horizon, he claimed.

Posted in Mutual Fund NFO, NFO