Publish Date:
Aditya Birla Sun Life Mutual Fund has launched an open-ended target maturity Index Fund - Aditya Birla Sun Life Nifty SDL Apr 2027 Index Fund.
The scheme will be predominantly investing in the constituents of Nifty SDL Apr 2027 Index.
The investment objective of Aditya Birla Sun Life Nifty SDL Apr 2027 Index Fund is to generate returns corresponding to the total returns of the securities as represented by the Nifty SDL Apr 2027 Index before expenses, subject to tracking errors.
The Scheme does not guarantee/indicate any returns. There can be no assurance that the schemes’ objectives will be achieved.
Aditya Birla Sun Life Nifty SDL Apr 2027 Index Fund is mandated to invest 95% to 100% of its net assets in Debt Instruments comprising Nifty SDL Apr 2027 Index. It can invest 0% to 5% of the net assets in Cash and Money Market Instruments.
The cumulative gross exposure to Debt Instruments comprising Nifty SDL Apr 2027 Index, cash & money market instruments, repo transactions in corporate debt securities, other permitted securities/assets and such other securities/assets as may be permitted by the Board from time to time subject to regulatory approvals, if any should not exceed 100% of the net assets of the scheme.
Money Market Instruments include Commercial papers, commercial bills, treasury bills, Government securities having an unexpired maturity upto one year, call or notice money, certificate of deposit, usance bills, Tri-party Repo on Government securities or treasury bills and any other like instruments as specified by the Reserve Bank of India from time to time subject to regulatory approvals, if any.
As per the Scheme Information Document, Aditya Birla Sun Life Nifty SDL Apr 2027 Index Fund seeks to track the Nifty SDL Apr 2027 Index subject to tracking errors.
Accordingly, the Scheme will endeavor to invest in debt instruments in line with the benchmark of the scheme. The maturity of the Scheme is expected to be no greater than 6 years from the date of allotment of the Scheme and will distribute all of its maturity proceeds (Net Assets) to the Unitholders within 10 (Ten) Business days from the date of maturity of the Scheme, in line with current regulatory timelines.
Aditya Birla Sun Life Nifty SDL Apr 2027 Index Fund’s performance will be benchmarked against Nifty SDL Apr 2027 Index.
The fund will be managed by Mr Bhupesh Bameta and Mr Harshil Survankar.
The NFO opens for subscription on January 14, 2022 and closes on January 27, 2022. The scheme will reopen within 5 business days from the date of allotment.
The minimum subscription amount is Rs 500 and in multiples of Re 1 thereafter.
The fund offers Regular Plan and Direct Plan having Growth Option and Income Distribution cum Capital Withdrawal Option (“IDCW”) (Pay-out o IDCW).