Birla Sun Life Cash Plus

Birla Sun Life Cash Plus (BSLCP) is a highly liquid income scheme with a focus on prevention of capital erosion. Money is invested in safe instruments like Repo, Treasury Bills, Commercial Paper, Certificates of Deposit and Non-Convertible Debentures, giving you a broad based "parking" alternative, which can yield better returns on money that would otherwise lie idle in a bank account. It makes Money Management easy.

Each instrument - whether it is high quality debt or a Money Market instrument - is picked only after painstaking research with view to minimise risk. The first scheme of its kind (launched in June 1997), the fund has since proven to be immensely popular with money managers and individuals alike.

Birla Sun Life Cash Plus is designed for higher short-term earnings, and gives the convenience of a bank account. You get an Account Statement, similar to a passbook, which records subscriptions and redemptions. You can, at any time, add to your investment or withdraw all or part of it. You can even maintain a 'zero balance' for a certain period of time.