The International Equity Fund from the stable of Birla Sun Life, with open-ended diversified equity scheme, will open on September 17, a senior company official has said.
"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 in Coimbatore on Friday evening.
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 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.
The fund does not have any geographical or market cap bias and would invest in growth-oriented portfolio of stocks from across the world, Swarup Mohanty, Head, Independent Financial Advisors of the company, said.