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NT Bureau
Chennai, Sept 22:

        Birla Sun Life Mutual Fund (BSLMF) has launched International Equity Fund with the NFO (initial fund offer) for the open-ended and diversified scheme having opened on 17 September.

        The new fund has Plan A for investing in diversified portfolio of global stocks, while Plan B would be a mix of domestic stocks (65 - 75 per cent) and global shares (25 - 35 per cent).

        The company has engaged the advisory services of Standard and Poor's to design a model portfolio of international stocks using the rating agency's Stock Appreciation Ranking System (STARS). The fund would buy high performing stocks from any sector across the world. The efficacy of this methodology lies in the fact 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.

        'International Equity Fund would invest in growth oriented portfolio of stocks from across the world. The fund does not have any geographical or market cap bias. Our model is based on rigorous equity research done by Standard and Poor's. This enables us to leverage the experience of S&P,' said Mukul Gupta, CEO, Birla Sun Life Mutual Fund.