Aditya Birla Sun Life AMC Limited, a subsidiary of Aditya Birla Capital Limited, is launching new mutual fund scheme – Aditya Birla Sun Life Resurgent India Fund -Series 6, a close-ended diversified equity scheme with tenure of 3.5 years from and including the date of allotment.

Aditya Birla Sun Life mutual fund’s multi cap fund – Aditya Birla Sun Life Advantage Fund – is one of the best performing multi-cap funds in the market. This is one of the reasons why so many are looking up to this new Aditya Birla Sun Life NFO.

Quick Facts : Aditya Birla Sun Life Resurgent India Fund – Series 6 NFO

NFO Name Aditya Birla Sun Life Resurgent India Fund – Series 6 NFO
NFO Launch Date 21 February 2018
Last Date for Application 07 March 2018
Minimum Investment Amount ₹ 1000
Fund Type Diversified Equity Fund
Nature Close-ended
Tenure 3.5 years (1275 days)
Fund Manager Mr. Satyabrata Mohanty & Mr. Milind Bafna
Benchmark S&P BSE 500

How to Invest in Aditya Birla Sun Life Resurgent India Fund – Series 6  NFO 2018

If you want to invest in Aditya Birla Sun Life Resurgent India Fund – Series 6 NFO, you have to follow the steps below.

  1. Log in to your Groww account. If you are a new user, sign up first– it is completely online and takes 2-3 working days.
  2. Decide the amount you would like to invest in Aditya Birla Sun Life Resurgent India Fund – Series 6 NFO.
  3. Email Groww support on support@groww.in with a request or call / Whatsapp on 9108800604.

When investing in this NFO, you must remember, it is a close-ended mutual fund. Once you invest, you will not be able to touch the money until the maturity date. Also, you, need to invest at least ₹ 1000 in it. Invest only if you don’t need the money for that duration.

Aditya Birla Sun Life Resurgent India Fund – Series 6 NFO

Aditya Birla Capital Limited (ABCL) is the holding company for all the financial service businesses of the Aditya Birla Group. The Asset Management Company (AMC) for all Aditya Birla Mutual Fund schemes is Aditya Birla Sun Life AMC Limited which is one of the premier mutual funds in India and caters to the investment needs through a suite of mutual fund schemes.

It recently announced the launch of Aditya Birla Sun Life Resurgent India Fund – Series 6 NFO.

This NFO is launched on 21 February 2018 and will accept subscriptions till 07 March  2018. Aditya Birla Sun Life Resurgent India Fund – Series 6 is a close-ended diversified equity fund, and post 14th March 2018 units will be listed on the capital market segment of the NSE Limited and BSE Limited.

Aditya Birla Sun Life Resurgent India Fund – Series 6 NFO: Objective

The investment objective of the scheme is to provide capital appreciation by investing primarily in equity and equity related securities that are likely to benefit from recovery­ in the Indian economy.

But there is no assurance that the objective of the Scheme will be realized and the Scheme does not assure or guarantee any returns.

Aditya Birla Sun Life Resurgent India Fund – Series 6 NFO: Fund Category

Aditya Birla Sun Life Resurgent India Fund – Series 6 is categorized as a diversified equity fund. Diversified schemes, also known as Multi-cap schemes, invests across stocks in different market capitalization (i.e., Large cap, Mid cap and Small cap) based on the view of the fund manager.

This NFO is a close ended fund. Close ended funds are mutual fund units that are offered to investors for a limited period only, that is, during the period of Initial Public Offer. These funds have a fixed maturity period.

Mutual fund house offering multi cap funds have very professional fund manager team having expertise to select the right equities with optimum diversification in portfolio.

Success of these funds depends on the amount of time invested by fund house in researching and finding the right dark horse stocks in small cap segment and stable stocks among large cap segment.

Aditya Birla Sun Life Resurgent India Fund – Series 6 NFO: Asset Allocation

Aditya Birla Sun Life Resurgent India Fund – Series 6 scheme will contain Equity & Equity related securities from 80 % – 100 % and Money Market & Debt instruments between 0 – 20 % depending on market scenarios and conditions.

Aditya Birla Sun Life Resurgent India Fund – Series 6 NFO: Benchmark

The fund will be bench-marked to S&P BSE 500 index. The S&P BSE 500 index is designed to be a broad representation of the Indian market. Consisting of the top 500 companies listed at BSE Ltd., the index covers all major industries in the Indian economy.

Aditya Birla Sun Life Resurgent India Fund – Series 6 NFO: Fund Manager

This fund will be managed by Mr. Satyabrata Mohanty and Mr. Milind Bafna. Both have a plethora of experience in financial market of India.

Mr. Satyabrata Mohanty :

Mr. Satyabrata Mohanty, CA, CFA serves as the Head of Mixed Assets at Aditya Birla Sun Life AMC Limited and Birla Sun Life Mutual Funds. Mr. Mohanty has been part of Birla group since last seventeen years. He has several years of experience in Finance and Research. Mr. Mohanty has handled responsibilities across fund management, trading and credit research functions. He is part of the equity team at Birla Sun Life.

Prior to this, Mr. Mohanty worked at Aditya Birla Management Corporation Ltd. He is a Chartered Financial Analyst. Mr. Mohanty also holds a B.Com degree.

Funds Managed by Mr. Satyabrata Mohanty :

Mr. Milind Bafna :

Mr. Milind Bafna serves as a Senior Research Analyst and Fund Manager at Aditya Birla Sun Life AMC Limited. Mr. Bafna is part of the equity team and focuses on the oil and gas, power and utilities, and agrochemicals and fertilizers sectors at the firm.

He joined Birla Sun Life Asset Management Company Limited in April 2011. Previously, Mr. Bafna served as a Vice President of Research at Motilal Oswal Securities Ltd. from October 2009 till April 2011. Prior to that, he worked at Motilal Oswal Financial Services.

Previously, Mr. Bafna served as a Senior Manager at Reliance Industries Limited. He was employed at Reliance Industries Limited from December 2000 to November 2009. Prior to this, Mr. Bafna served as an Analyst at Sunrise Containers Pvt. Ltd. from July 2000 till November 2000. He is a past President of COSMOS. He served as Equity Analyst at Motilal Oswal Securities Limited, Research Division.

Mr. Bafna has vast experience in the industry. He received a Ph.D. in Oil and Gas Business from University of Petroleum and Energy Studies in 2008, a B.E. in Chemical Engineering from DJ Sanghvi College of Engineering in 2000, and a Diploma in Chemical Engineering from VPM’S Polytechnic University in 1997.

Funds Managed by Mr. Milind Bafna :

Aditya Birla Sun Life Resurgent India Fund – Series 6 NFO : Minimum Investment

Minimum investment that can be made per investor in this NFO is ₹ 1000 and in multiples of ₹10 thereafter.

Aditya Birla Sun Life Resurgent India Fund – Series 6 NFO: Risk

Aditya Birla Sun Life Resurgent India Fund – Series 6 NFO 2018 falls into the Moderately High Risk category as per the company scheme information document indicating that the principal invested by the investors will be at moderate risk.

Some of the risks associated with the fund are trading volumes, settlement risk, liquidity risk, default risk including the possible loss of principal.

The fund is a multi cap fund and therefore are less risky and volatile investment instruments as compared to small cap fund category due to their balance portfolio and exposure in high performing equities .

These funds have high growth potential and give high returns on investment as compare to large cap funds and is best suited for investors with moderate risk appetite or for long term investors.

As a Multi cap fund, invests across stocks in different market capitalization (i.e., Large cap, Mid cap and Small cap) based on the view of the fund manager, the role of fund managers is of immense importance.

Aditya Birla Sun Life Resurgent India Fund – Series 6 NFO: Salient Features

The theme of Aditya Birla Sun Life Resurgent India Fund – Series 6 NFO is ‘Ujjwal Bharat’. Similar to making for Rural Transformation, ‘Ujjwal Bharat’ is the new investment destination of choice for Rural to Urban transformation, which is an inevitable & irreversible process and can be only fast trackable.

Fund house believes that this theme is a multi-year theme and a strong return generator too, with a power packed team of Mr. Satyabrata Mohanty & Mr. Milind Bafna as fund manager.

With the recent tailwind of Union Budget 2018, the government has announced its intent of transforming farmlands of the country into the new Urban. Finance minister has rolled out a budget designed to help distressed farmers and rural areas while boosting growth, jobs and private investment and this Aditya Birla Sun Life Resurgent India Fund – Series 6 NFO is launched to take advantage of this opportunity.

Key reasons to invest in Aditya Birla Sun Life Resurgent India Fund – Series 6 NFO

Aditya Birla Sun Life Resurgent India Fund – Series 6 is the fund for long term capital growth and for investors who wants to invests in equity and equity related securities that are likely to benefit from recovery in the rural economy. Key reasons for choosing this fund are :

  • Being the highest focus area for Government currently, Rural rejuvenation is likely to be the highest growth area in the Indian economy in coming years.
  • A differentiated portfolio strategy to focus on high growth & rerating prospect companies across the value chain of all benefitting industries.
  • Variety of reasonably priced investment opportunities available with strong returns potential across these beneficiary sectors.
  • ‘Ujjwal Bharat’ is perhaps the only theme which has no ambiguity in terms of Govt intent & other tailwinds and also has the maximum amount of consensus for achievement of desired results.
  • Ujjwal Bharat will also be the driver of Consumption & Investment trend in India in years to come and be one of the most sustainable themes.

Govt Socialism is on the rise globally and it has been responsible for rural transformation across the globe. Ujjwal Bharat is a direct play on Govt priorities and as well as opportunity to gain from the other businesses that are of more derived growth nature.

Most experts believe that Budget 2018 has delivered a massive ₹ 14.34 lakh crore push on rural development to reduce the gap between rural Bharat and urban India. This, in their view, will propel India towards realizing its 8% plus GDP growth rate dream. Which will be a great boost for Aditya Birla Sun Life Resurgent India Fund – Series 6 in years to come.

Other Options

If you think Aditya Birla Sun Life Resurgent India Fund – Series 6 is too risky for you, you can invest in less risky equity mutual funds like large-cap funds and balanced funds.

These are the best multi cap fund options for 2018 are :

  1. Motilal Oswal MOSt Focused Multicap 35 Fund
  2. Aditya Birla Sun Life Advantage Fund
  3. DSP BlackRock Opportunities Fund

To look at some of the best performing funds from every category, check out Groww 30 best mutual funds to invest in 2018.

Happy Investing !

Disclaimer: views expressed here are of the author and do not reflect those of Groww.