Publish Date:
ABSL Mutual Fund has Introduced a new scheme – Aditya Birla Sun Life Nifty SDL Sep 2025 Index Fund
It is an open-ended Target Maturity Index Fund tracking the Nifty SDL Sep 2025 Index. A relatively moderate interest rate risk and relatively low credit risk.
Accordingly, the investment objective of the scheme is to generate returns corresponding to the total returns of the securities as represented by the Nifty SDL Sep 2025 Index before expenses, subject to tracking errors.
However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.
Under normal circumstances, Aditya Birla Sun Life Nifty SDL Sep 2025 Index Fund will hold an allocation of 95% to 100% of its assets in instruments forming part of the Nifty SDL Sep 2025 Index and 0% to 5% in Cash and Debt/Money Market Instruments.
As per the Scheme Information Document, Aditya Birla Sun Life Nifty SDL Sep 2025 Index Fund will replicate income over the target maturity period of its underlying index i.e. Nifty SDL Sep 2025 Index, subject to tracking errors. Accordingly, the scheme will invest in securities in line with the benchmark index of the scheme. The duration of the portfolio of the scheme replicates the duration of the underlying index within a maximum permissible deviation of +/-10%.
The performance of the scheme may not be commensurate with the performance of the respective benchmark of the scheme on any given day or over any given period. Such variations are commonly referred to as the tracking error. The Scheme intends to maintain a low tracking error by actively managing the portfolio in line with the index.
Aditya Birla Sun Life Nifty SDL Sep 2025 Index Fund’s performance will be benchmarked against Nifty SDL Sep 2025 Index
The scheme will be managed by Mr Bhupesh Bameta and Mr Sanjay Godambe
The NFO opens for subscription on September 22, 2022 and closes on September 27, 2022. The scheme will reopen for continuous sale and repurchase within 5 Business Days from the 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 option (IDCW) option.