Publish Date:
Aditya Birla Sun Life Mutual Fund has launched Aditya Birla Sun Life PSU Equity Fund, an open ended equity scheme under the thematic funds category. The fund will follow PSU theme and will aim to invest in equity and equity related instruments of PSU companies.
The investment objective of the scheme is to provide long term capital appreciation by investing in equity and equity related instruments of Public Sector Undertakings (PSUs).
The NFO opens for subscription on December 09, 2019 and closes on December 23, 2019.
The fund will be managed by Mr. Mahesh Patil. Its performance will be benchmarked against S&P BSE PSU TR Index.
The New Fund Offer is priced at Rs 10 per unit and the minimum application amount for initial purchase will be Rs 500 and in multiples of Re 1 thereafter during the New Fund Offer period.