Aditya Birla Sun Life AMC Launches Sun Life Business Cycle Fund: NFO Closes on November 29
Aditya Birla Sun Life Asset Management Company Limited has launched a new fund offer for Aditya Birla Sun Life Business Cycle Fund. The fund is open for subscription between November 15, 2021, and November 29, 2021.
Read on to find out more about the NFO.
Investment Objective
Aditya Birla Sun Life Business Cycle Fund is an open-ended equity scheme following business cycles based investing theme.
Indicative Asset Allocation
| Types of Instruments | Indicative allocation (% of total assets) | Risk Profile | |
| Minimum | Maximum | ||
| Equity & Equity related instruments selected on the basis of
business cycle |
80% | 100% | High |
| Other Equity & Equity related instruments | 0% | 20% | High |
| Debt and Money Market Instruments | 0% | 20% | Low to Medium |
| Units issued by REITs & InvITs | 0% | 10% | Medium to High |
Fund Details
| Scheme name | Aditya Birla Sun Life Business Cycle Fund |
| Type of scheme | An open ended equity scheme following business cycles based investing theme |
| NFO Dates | November 15 – November 29, 2021. |
| Fund Managers | Mr. Vineet Maloo and Mr. Nitesh Jain |
| Benchmark | S&P BSE 500 TRI |
| Minimum Amount for Application during NFO | Rs 500/- and in multiples of Re. 1/- |
| Minimum Additional Purchase Amount | Rs. 500/- and in multiples of Re. 1/- |
| Minimum Redemption/Switch-Out Amount | Minimum of Rs. 500/- and in multiples of Re 1/- thereafter |
| Load | a) Entry Load: N.A
b) Exit Load: For redemption / switch-out of units on or before 365 days from the date of allotment: 1.00% of applicable NAV. For redemption / switch-out of units after 365 days from the date of allotment – Nil |
| Plans | Direct and Regular |
| Options | Growth, Income Distribution cum capital withdrawal (“IDCW”) Option (Payout of IDCW)^ |
| Minimum SIP Amount | Rs. 500/- Minimum installments: 6 |
Benchmark
S&P BSE 500 TRI
The S&P BSE 500 has been designed to be a broad representation of the Indian market. Consisting of the top 500 constituents in the S&P BSE AllCap, the index covers all major industries in the Indian economy.
A Total Return Index reflects the returns on the index arising from:
(a) Listed stock price movements and
(b) Dividend receipts from those stocks.
Fund Managers
Mr. Vineet Maloo
Mr Vineet had around 17 years of experience in Financial services. Prior to joining ABSLAMC, he had been providing analytical support to the Chief Financial Officer of Hindalco Industries Limited, prior to which he had worked with Aditya Birla Management Corporation Ltd. & M/s. D. K. Chhajer & Co., Chartered Accountants.
Other schemes managed:
Aditya Birla Sun Life Balanced Advantage Fund
Aditya Birla Sun Life Dividend Yield Fund
Aditya Birla Sun Life Infrastructure Fund
Aditya Birla Sun Life Dual Advantage – Series 2
Aditya Birla Sun Life PSU Equity Fund
Mr. Nitesh Jain
Mr. Nitesh Jain has a total experience of 17 years in the financial services industry. He joined ABSLAMC in 2018 as Senior Analyst – Midcaps. He has been closely working with Senior Fund Manager(s) for research in Midcap and Small Cap stocks.
Prior to joining ABSL AMC, he worked as Executive Director – Materials Sector in the research division at Axis Capital for around 11 years.
Other schemes managed:
Aditya Birla Sun Life Small Cap Fund