News: Birla Sun Life collects 4.05 bln rupees in equity fund

(RTR 29/09/2006) Mumbai - Birla Sun Life Asset Management Co. Ltd. has collected about 4.05 billion rupees in its close-end Birla Long Term Advantage Fund, Raghvendra Nath, vice-president - marketing and strategy, told Reuters on Friday.

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

The fund was open for initial subscription between Aug. 7 and Sept. 15.

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