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.
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)
|Units of Aditya Birla Sun Life Silver ETF||95%||100%||Medium|
|Debt & Money Market Instruments||0%||5%||Low to Medium|
|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|
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.
Mr. Lovelish Solanki
Mr. Lovelish Solanki has an overall experience of over 10 years in Trading and Dealing.
Other funds managed by him are:
*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*:
*All the above-mentioned schemes are jointly managed with Mr. Lovelish Solanki.