Mutual Fund News : Aditya Birla Sun Life Mutual Fund Introduces ABSL Multi-Asset Allocation Fund

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ABSL Mutual Fund has launched – ABSL Multi-Asset Allocation Fund

It is an open ended scheme investing in Equity, Debt and Commodities.

Accordingly, the investment objective of the Scheme is to provide long term capital appreciation by investing across asset classes like Equity, Debt, Commodities, & units of REITs & InvITs. The Scheme does not guarantee/indicate any returns. There can be no assurance that the objective of the Scheme will be achieved.

Under normal circumstances, Aditya Birla Sun Life Multi-Asset Allocation Fund will hold an allocation of 65% to 80% of its assets in Equity & Equity related instruments, 10% to 25% in Debt and Money Market Instruments, 10% to 25% in Commodities and 0% to 10% in Units issued by REITs & InvITs.

As per the Scheme Information Document, Aditya Birla Sun Life Multi-Asset Allocation Fund seeks to provide diversification across Equity, Debt and Commodity asset classes with an aim to provide superior risk adjusted returns.

The scheme will follow a bottom-up approach to stock-picking. All companies selected will be analyzed taking into account the business fundamentals like nature and stability of business, prospects of future growth and scalability, financial discipline and returns, valuations in relation to broad market, expected growth in earnings and the company's financial strength and track record. The Scheme may also invest a small portion of its corpus in money market instruments to manage its liquidity requirements.

Aditya Birla Sun Life Multi-Asset Allocation Fund’s performance will be benchmarked against 65% S&P BSE 200 + 25% CRISIL Short Term Bond Fund Index + 5% of Domestic prices of Gold + 5% of Domestic prices of Silver.

The scheme will be managed by Mr Dhaval Shah (for equity) and Mr Bhupesh Bameta (for fixed income), Mr Sachin Wankhede (for commodities) and Mr Dhaval Joshi (for overseas).

The NFO opens for subscription on January 11, 2023 and closes on January 25, 2023. The schemes will reopen for continuous sale and repurchase Within 5 business days from date of allotment.

The fund’s NAV is priced at Rs 10/- per unit during the NFO period. The minimum subscription amount is Rs 500/- and in multiples of any amount thereafter. 

The scheme offers Regular Plan and Direct Plan each plan offers Growth and Income Distribution cum Capital Withdrawal (IDCW) option.