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