Aditya Birla Sun Life Mutual Fund launches ABSL Nifty Next 50 Index Fund: NFO Closes on February 14

09 February 2022

Aditya Birla Sun Life Mutual Fund has launched a new fund offer for Aditya Birla Sun Life Nifty Next 50 Index Fund. The fund is open for subscription between 31st January 2022 and 14th February 2022.

Investment Objective

Aditya Birla Sun Life Nifty Next 50 Index Fund is an open-ended scheme tracking the Nifty Next 50 Index.

Indicative Asset Allocation

Instruments Allocations (% of total assets) Risk Profile
Minimum Maximum High/Medium/Low  
Equity & Equity related instruments constituting the Nifty Next 50 Index 95% 100%   Moderate  
Debt and Money Market Instruments 0% 5% Low

Fund Details

Scheme Name Aditya Birla Sun Life Nifty Next 50 Index Fund
Type of Scheme An open-ended scheme tracking the Nifty Next 50 Index
NFO Dates January 31, 2022- February 14, 2022
Fund Managers Mr. Lovelish Solanki, Mr. Kedarnath Mirajkar
Benchmark Nifty Next 50 TRI (Total Return Index)
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/- thereafter
Minimum Redemption/Switch-out Amount In Multiples of Rs 1/- or 0.001 units
Load Entry Load: Nil

Exit Load: For redemption / switch-out of units on or before 3 days from the date of allotment: 0.25% of applicable NAV

Plans Direct and Regular
Options Growth Option, Income Distribution cum Capital Withdrawal Option (IDCW)
Minimum SIP Amount 6 installments of Rs 100 each

 Benchmark

The performance of the scheme will be benchmarked to the performance of Nifty Next 50 TRI as the benchmark.

NIFTY Next 50 TRI is an index that represents the performance of ‘next’ 50 stocks which come after the top 50 in order of free-float market capitalization, subject to index criteria.

Fund Managers

Mr. Lovelish Solanki

Past Experience:

He has an overall experience of over 10 years in Trading and Dealing. Prior to joining Aditya Birla Sun Life AMC, he was 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 schemes managed by the fund manager-

  •       Aditya Birla Sun Life Nifty 50 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 Dual Advantage Fund – Series 2
  •       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

Mr. Kedarnath Mirajkar

Past experience

Mr. Kedarnath Mirajkar has an overall work experience of over 14 years. He is associated with ABSLAMC since April 2010 and has worked in Operations and Risk functions. He was responsible for trade settlement, valuation of securities, and monitoring of regulatory limits.

Other schemes managed by the fund manager-

  •       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

Disclaimer

The stocks mentioned in this article are not recommendations. Please conduct your own research and due diligence before investing. Investment in securities market are subject to market risks, read all the related documents carefully before investing. Please read the Risk Disclosure documents carefully before investing in Equity Shares, Derivatives, Mutual fund, and/or other instruments traded on the Stock Exchanges. As investments are subject to market risks and price fluctuation risk, there is no assurance or guarantee that the investment objectives shall be achieved. NBT do not guarantee any assured returns on any investments. Past performance of securities/instruments is not indicative of their future performance.
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