Birla Sun Life bags Rs 4.05 billion in equity fund

Data from the Association of Mutual Funds shows the fund house managed about Rs 171 billion as on August 31.

Birla Sun Life Asset Management Co Ltd has collected about Rs 4.05 billion in its close-end Birla Long Term Advantage Fund, Raghvendra Nath, vice-president - marketing and strategy, said on Friday.

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"Over 100,000 investors have invested in the fund," he said.

The fund was open for initial subscription between August 7 and September 15.

The fund house managed about Rs 171 billion as on August 31, data from the Association of Mutual Funds in India showed.