Aditya Birla Sun Life Mutual Fund launches Aditya Birla Sun Life Retirement Fund

Mutual Fund
Feb 19, 2019 by Advisorkhoj Team | Mutual Fund | 8 Downloaded

NFO period: 19th February – 05th March, 2019

Highlights of the NFO:

  • Scheme type – An open-ended retirement solution oriented scheme having a lock-in of 5 years or till retirement age (whichever is earlier)

  • Investment objective – The primary investment objective of the scheme is income generation and capital appreciation for its investors which will be in line with their retirement goals by investing in a mix of equity, equity related instruments along with debt and money market instruments. The scheme does not guarantee/indicate any returns. There can be no assurance that the schemes’ objectives will be achieved

  • Product suitability –

    • The 30s Plan: The product is suitable for investors who are seeking long term capital growth by investing in equity and equity related securities.

    • The 40s Plan: The product is suitable for investors who are seeking long term capital growth and income by investing predominantly in equity and equity related securities as well as debt and money market instruments.

    • The 50s Plan: The product is suitable for investors who are seeking regular income with capital growth over medium to long term by investing in debt and money market instruments as well as equity and equity related securities.

    • The 50s Plus - Debt Plan: The product is suitable for investors who are seeking Capital appreciation & income over long term to achieve retirement goals by investing in debt & money market instruments as well as equity and equity related securities.

  • Minimum Application Amount – First investment is Rs. 1,000/- and in multiples of Rs. 1/- thereafter

  • Plan/ Options available – Regular Plan and Direct Plan having Dividend Option (Payout Facility & Reinvestment) and Growth Option

  • Fund Managers – Mr. Ajay Garg and Mr. Pranay Sinha

  • Benchmark –

    • The 30s Plan: S&P BSE 200

    • The 40s Plan: CRISIL Hybrid 35+65 -Aggressive Index

    • The 50s Plan: CRISIL Short Term Debt Hybrid 75+25 Fund Index

    • The 50s Plus-Debt Plan: CRISIL Short Term Bond Fund Index

(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)

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