Mutual Fund News : Aditya Birla SL Mutual Fund introduces Fixed Term Plan-Series SW - 1183 days

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Aditya Birla Sun Life Mutual Fund has launched a close ended income scheme – Aditya Birla Sun Life Fixed Term Plan-Series SW (1183 days).

The investment objective of the scheme is to generate income by investing in a portfolio of fixed income securities maturing on or before the duration of the scheme.

It is a Fixed Maturity Plan that will mature in 1183 days from the date of allotment.

The NFO opens for subscription on January 01, 2020 and closes on January 06, 2020.

The scheme’s performance will be benchmarked against CRISIL Composite Bond Fund Index.

The fund will be managed by Mr. Mohit Sharma.

The New Fund Offer price is Rs 10 per unit and the minimum application amount for initial purchase is Rs 1000 and in multiples of Rs 10 thereafter.

The scheme offers Regular Plan and Direct Plan having Growth Option and Dividend Option (Payout and Transfer).