Publish Date:
Aditya Birla Sun Life Mutual Fund has launched an open ended equity scheme – Aditya Birla Sun Life Special Opportunities Fund.
It is a thematic fund that follow special situations theme and will focus on benefiting from opportunities presented by special situations such as corporate restructuring, Government policy change and/or regulatory changes, etc.
The investment objective of the scheme is to provide long term capital appreciation by investing in opportunities presented by special situations such as corporate restructuring, Government policy change and/or regulatory changes, companies going through temporary but unique challenges and other similar instances. The Scheme does not guarantee/indicate any returns. There can be no assurance that the schemes’ objectives will be achieved.
Under normal circumstances, 80% to 100% of the funds portfolio will be invested in Equity & Equity related instruments of special situations theme. It can invest up to 20% of its assets in Equity & Equity related securities of other companies.
The fund can also hold up to 20% of its assets in Debt, Units of Mutual Fund schemes, Money Market Instruments and Cash & Cash Equivalents, and has flexibility to invest up to 10% of its assets in Units issued by REITs and InvITs.
Being an open ended thematic equity fund, Aditya Birla Sun Life Special Opportunities Fund will follow Special Situations theme where it will follow a bottom-up approach to stock-picking. This fund will take position in companies facing temporary challenges on back of special situation such as corporate restructuring, Government policy change and/or regulatory changes.
The scheme’s performance will be benchmarked against S&P BSE 500 TRI (Total Return Index).
Aditya Birla Sun Life Special Opportunities Fund will be managed by Mr Anil Shah & Ms Chanchal Khandelwal, whereas Mr Vinod Bhat will be the dedicated fund manager for managing overseas investments of the scheme.
The NFO opens for subscription on October 05, 2020 and closes on October 19, 2020. 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 Rs 1 thereafter.
The fund offers Regular Plan and Direct Plan having Growth Option and Dividend Option (Dividend Re-investment and Dividend Pay-out facilities).