Publish Date:
Aditya Birla Sun Life Mutual Fund has launched a close ended debt scheme – Aditya Birla Sun Life Fixed Term Plan-Series TF (1098 days).
The scheme seeks 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 1098 days from the date of allotment.
For the purpose of achieving the investment objective, the scheme will invest in a portfolio of Debt and Money Market securities, maturing on or before maturity of the scheme.
Under normal circumstances the scheme will invest 70% to 100% of its assets in Debt Securities including Government Securities and State Development Loans (SDLs) (excluding Money Market Instruments); whereas upto 30% of its assets can be invested in Money Market instruments.
As mentioned in the Scheme Information Document, the Investment Philosophy of the fund manager is to generate superior risk-adjusted returns on a consistent basis through a research driven investment approach in line with the investment objective of the scheme.
The investment manager will aim to allocate assets of the scheme between various money market and fixed income securities.
The actual percentage of investment in various fixed income securities will be decided after considering various factors like the prevailing interest rate and inflation scenario, performance of corporate sector, general liquidity and other considerations.
The NFO opens for subscription on April 15, 2021, and closes on April 22, 2021.
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 New Fund Offer period.
Aditya Birla Sun Life Fixed Term Plan-Series TF (1098 days) offers Regular Plan and Direct Plan having Growth Option and Dividend Option (Payout Facility).
No redemption or repurchase will be permitted prior to maturity of the Scheme however, the scheme will be listed on NSE and/or any other recognized stock exchanges as may be decided by AMC from time to time and the Unitholders who wish to redeem units may do so through Stock Exchange at prevailing listed price on such Stock Exchange.