The
Economic Times
19 February 2008
Birla
Sun Life Asset Management on Monday announced
the launch of diversified equity scheme. "The
main objective of this scheme is to generate long-term
growth of capital by investing in a portfolio of
equity and equity-related securities. The fund will
invest 85 per cent of proceeds in equity and the
remaining 15 per cent in fixed income securities,"
Birla Sun Life Asset Management manager (equities)
Hemang E Dagli told reporters.
"Sharp
corrections in Indian markets have dented investors'
confidence but they need to understand that value
is created only by investing in right businesses
at the right time," he said.
Birla
Sun Life Asset Management has Rs. 31,000 crore
as assets under management (AUM) and an investor
base of over 15 lakh.
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