Mutual Fund News : Aditya Birla Sun Life Mutual Fund introduces Aditya Birla Sun Life Fixed Term Plan-Series SX 1164 Days

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Aditya Birla Sun Life Mutual Fund has launched a close ended debt scheme – Aditya Birla Sun Life Fixed Term Plan - Series SX (1164 Days).

The investment objective of the scheme is to generate income by investing in a portfolio of fixed income securities maturing on or before the duration of the scheme. The Scheme does not guarantee/indicate any returns. There can be no assurance that the schemes’ objectives will be achieved.

It is a Fixed Maturity Plan that will mature in 1164 days from the date of allotment.

The NFO opens for subscription on February 13, 2020 and closes on February 18, 2020.

The scheme’s performance will be benchmarked against CRISIL Composite Bond Fund Index.

The fund will be managed by Mr. Mohit Sharma.

The New Fund Offer price is Rs 10 per unit and the minimum application amount for initial purchase is Rs 1,000 and in multiples of Rs 10 thereafter during the NFO period.

The scheme offers Regular Plan and Direct Plan having Growth Option and Dividend Option (Payout Facility).