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Aditya Birla Sun Life MF has launched Nifty Small-Cap 50 Index Fund NFO

06 August 2021
2 minutes

Aditya Birla Mutual Fund is launching a new fund offer (NFO) for ABSL Nifty Smallcap 50 Index.

It opens on March 15, 2021, and closes on March 26, 2021. 

Investment Objective

The Aditya Birla Sun Life Nifty Small-Cap 50 Index Fund aims to imitate the Nifty Smallcap 50 Index and reflect the securities’ total returns represented by the index.

What Is an Index Fund?

Index funds are mutual funds that imitate the composition of a particular stock market index. Index funds are hence known as passively managed mutual funds. The reason being, fund managers cannot decide which stocks will move in and out and how much of the fund’s money will be used to purchase which stock. 

The fund manager is not actively involved in fund management as such funds are designed to mimic an index.

Index funds do not aim to outperform the benchmark index but try to stay in line with the index.

Asset Allocation

Instrument Risk Profile Normal Allocation

(% of Total Assets

Equity & Equity related securities constituting the Nifty

Smallcap 50 Index

Medium to High 95% – 100%
Debt and Money Market Instruments Low to Medium 0% – 5%

Benchmark

The performance of the scheme will be benchmarked to the performance of the Nifty Smallcap 50 Index. The index aims to represent the movement of the small-cap segment in the market. 

Fund Details

Name of the Scheme Aditya Birla Sun Life Nifty Smallcap 50 Index Fund
Type of the Scheme An open-ended scheme tracking Nifty Smallcap 50 TR Index
NFO Dates 15th March to 26 March 2021
Benchmark Nifty Smallcap 50 TRI
Fund Managers Mr Lovelish Solanki
Minimum Amount for Application Minimum of Rs.500/- and in multiples of Re 1/- after that
Minimum Additional Application Amount Additional Purchase: Minimum of Rs.500/- and in multiples of Re.1/- thereafter.
Minimum Redemption Amount  In multiples of Rs 1/- or 0.001 units.
Load Entry Load: NIL

Exit Load: 

0.5% of applicable NAV: For redemption / switch-out of units on or before 90 days from

the date of allotment

NIL: For redemption / switch-out of units after 90 days from the date of allotment

Plans Regular and Direct Plans
Options Each of the plans will have:

Dividend Option (Payout Facility & Reinvestment Facility)

(2) Growth Option

Minimum SIP Amount Minimum 6 instalments (including the first

instalment) of Rs. 500/- each and above per

month

Fund Managers

Lovelish Solanki: Mr Solanki has an overall experience of over 10 years in dealing and trading. Prior to working with Aditya Birla Sun Life AMC, Mr Solanki has been associated with Union KBC AMC and Edelweiss AMC.

Names of other schemes under his management

  • Aditya Birla Sun Life Equity Savings Fund@
  • Aditya Birla Sun Life Nifty ETF
  • Aditya Birla Sun Life Arbitrage Fund
  • Aditya Birla Sun Life Gold Fund
  • Aditya Birla Sun Life Sensex ETF
  • Aditya Birla Sun Life Balanced Advantage Fund#
  • Aditya Birla Sun Life Nifty Next 50 ETF
  • Aditya Birla Sun Life Banking ETF

@Jointly with Mr. Satyabrata Mohanty & Mr. Pranay Sinha

# Jointly with Mr Mohit Sharma & Mr Vineet Maloo

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