Aditya Birla Sun Life Mutual Fund has launched a new Closed Ended Growth scheme named Aditya Birla Sun Life Fixed Term Plan - Series RC with maturity period of 1,295 days from the launch date. The New Fund Offer (NFO) price for the scheme is INR 10.00 per unit, which will open for subscription from Sep 17 to Sep 17, 2018. The minimum application amount is INR 5,000.00 and in multiples of INR 1 thereafter. The options available under the plan of the scheme are Dividend, Growth. The fund manager of the scheme will be Mohit Sharma, while the performance of the scheme will be benchmarked against CRISIL Composite Bond Fund Index. The scheme seeks to generate income by investing in a portfolio of fixed income securities maturing on or before the duration of the scheme.