Aditya Birla Sun Life Mutual Fund launches Aditya Birla Sun Life Crisil IBX 50:50 Gilt Plus SDL Apr 2028 Index Fund

Aditya Birla Sun Life Mutual Fund launches Aditya Birla Sun Life Crisil IBX 50:50 Gilt Plus SDL Apr 2028 Index Fund

by News Team | Mutual Fund

NFO period: 28th September - 12th October, 2022

Highlights of the NFO:

  • Scheme type - An open ended Target Maturity Index Fund tracking the CRISIL IBX 50:50 Gilt Plus SDL Index - April 2028. A relatively high interest rate risk and relatively low credit risk

  • Investment objective - The investment objective of the scheme is to generate returns corresponding to the total returns of the securities as represented by the CRISIL IBX 50:50 Gilt Plus SDL Index - April 2028 before expenses, subject to tracking errors. The scheme does not guarantee/indicate any returns. There can be no assurance or guarantee that the investment objective of the scheme will be achieved.

  • Product suitability - The product is suitable for investors who are seeking income over the target maturity period. Open ended Target Maturity Index Fund that seeks to track CRISIL IBX 50:50 Gilt Plus SDL Index - April 2028.

  • Minimum Application Amount - First investment is Rs. 500/- and in multiples of Rs. 1/- thereafter

  • Plan/ Options available - Regular Plan and Direct Plan having Growth Option and Income Distribution cum Capital Withdrawal Option (“IDCW”) (Payout of IDCW).

  • Fund Manager - Mr. Mohit Sharma and Mr. Sanjay Godambe

  • Benchmark - CRISIL IBX 50:50 Gilt Plus SDL Index - April 2028

(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)