India’s Birla Sun Life Mutual Fund has launched Birla Sun Life Capital Protection Oriented Plan. The product is liked to a diversified basket of growth stocks and offers three-year and five-year investment horizons."Birla Sun Life capital Protection fund is an apt fit in the low to moderate risk-taking investor's portfolio (investors who look at investing primarily in fixed deposits or small savings), said CEO Mukul Gupta. The fund is open now and closes on 6 July. Minimum investment is INR5,000