Aditya Birla Sun Life AMC Launches Aditya Birla Sun Life Silver ETF Fund of Fund : NFO Closes on January 27
Aditya Birla Sun Life AMC has launched a new fund offer for Aditya Birla Sun Life Silver ETF Fund of Fund. The fund is open for subscription between January 13, 2022, and January 27, 2022.
Read on to find out more about the NFO.
Investment Objective
Aditya Birla Sun Life Silver ETF Fund of Fund is an open-ended fund of fund scheme investing in units of Aditya Birla Sun Life Silver ETF.
Indicative Asset Allocation
| Types of Instruments | Indicative allocation
(% of total assets) |
Risk Profile | |
| Minimum | Maximum | ||
| Units of Aditya Birla Sun Life Silver ETF | 95% | 100% | Medium |
| Debt & Money Market Instruments | 0% | 5% | Low to Medium |
Fund Details
| Scheme name | Aditya Birla Sun Life Silver ETF Fund of Fund |
| Type of scheme | An open-ended fund of fund scheme investing in units of Aditya Birla Sun Life Silver ETF. |
| NFO Dates | January 13 – January 27, 2022 |
| Fund Managers | Mr. Lovelish Solanki, Mr. Kedarnath Mirajkar |
| Benchmark | Price of silver (based on LBMA Silver daily spot fixing price) |
| Minimum Amount for Application during NFO | Rs. 100/- and in multiples of Re. 1/- thereafter. |
| Minimum Additional Purchase Amount | Rs. 100/- and in multiples of Re. 1/- |
| Minimum Redemption/Switch-Out Amount | In Multiples of Re. 1/- or 0.001 units. |
| Load | For redemption/switch-out of units on or before 30 days from the date of allotment: 0.5% of applicable NAV.
For redemption/switch-out of units after 30 days from the date of allotment: NIL. |
| Plans | Direct and Regular |
| Options | Growth, Income Distribution cum Capital Withdrawal Option / IDCW Option. |
| Minimum SIP Amount | 6 installments of Rs. 100/- each |
Benchmark
Price of silver (based on LBMA Silver daily spot-fixing price)
The Scheme’s performance is benchmarked against the price of Silver. The price of Silver will be derived from the LBMA prices.
The London Bullion Market Association (LBMA) is an international trade association representing the global Over The Counter (OTC) bullion market.
Fund Managers
Mr. Lovelish Solanki
Mr. Lovelish Solanki has an overall experience of over 10 years in Trading and Dealing.
Past Experience:
- Equity /Equity Derivatives – Trader at Union KBC Asset Management Co Limited since February 2011.
- Before that, he worked at Edelweiss Asset Management Co. Ltd since January 2008.
Other funds managed by him are:
- Aditya Birla Sun Life Index Fund*
- Aditya Birla Sun Life Arbitrage Fund
- Aditya Birla Sun Life Gold ETF*
- Aditya Birla Sun Life Nifty ETF*
- Aditya Birla Sun Life Gold Fund
- Aditya Birla Sun Life Balanced Advantage Fund%
- Aditya Birla Sun Life Equity Savings Fund!
- Aditya Birla Sun Life Sensex ETF*
- Aditya Birla Sun Life Nifty Next 50 ETF*
- Aditya Birla Sun Life Banking ETF*
- Aditya Birla Sun Life Nifty Smallcap 50 Index Fund*
- Aditya Birla Sun Life Nifty Midcap 150 Index Fund*
- Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund*
- Aditya Birla Sun Life Nifty Healthcare ETF*
- Aditya Birla Sun Life Nifty IT ETF*
*Jointly with Mr. Kedarnath Mirajkar
%Jointly with Mr. Mohit Sharma & Mr. Vineet Maloo
!Jointly with Mr. Dhaval Shah and Mr. Harshil Suvarnkar
Mr. Kedarnath Mirajkar
Mr. Kedarnath Mirajkar has an overall work experience of over 14 years. He has been associated with Aditya Birla Sun Life since April 2010 and has worked in Operations and Risk functions.
Other funds managed by him are*:
- Aditya Birla Sun Life Index Fund
- Aditya Birla Sun Life Gold ETF
- Aditya Birla Sun Life Nifty ETF
- Aditya Birla Sun Life Sensex ETF
- Aditya Birla Sun Life Nifty Next 50 ETF
- Aditya Birla Sun Life Banking ETF
- Aditya Birla Sun Life Nifty Smallcap 50 Index Fund
- Aditya Birla Sun Life Nifty Midcap 150 Index Fund
- Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund
- Aditya Birla Sun Life Nifty Healthcare ETF
- Aditya Birla Sun Life Nifty IT ETF
*All the above-mentioned schemes are jointly managed with Mr. Lovelish Solanki.