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Birla Sun Life Mutual Fund has raised Rs 266.21 crores during the new fund offer of Birla Sun Life Resurgent India Fund- Series 4.
The fund house has received 17,516 applications during the offering.
The scheme was open from June 23 – July 7, 2017 for subscription.
As per the draft offer document, the scheme will invest at least 80 percent of its corpus in equity and equity related securities including options premium, while the balance 20 percent will be deployed in money market and debt instruments.
