Aditya Birla Sun Life Mutual Fund launches Aditya Birla Sun Life Nifty IT ETF

Oct 21, 2021 by Advisorkhoj Team | NFO | 8 Downloaded

NFO period: 20th October – 28th October, 2021

Highlights of the NFO:

  • Scheme type – An open ended exchange traded fund tracking Nifty IT TRI

  • Investment objective – The investment objective of the scheme is to provide returns that before expenses, closely correspond to the total returns of securities as represented by Nifty Information Technology TRI, subject to tracking errors. However, the performance of scheme may differ from that of the underlying index due to tracking error. The scheme does not guarantee/indicate any returns. There can be no assurance that the schemes’ objectives will be achieved.

  • Product suitability – The product is suitable for investors who are seeking long term capital growth by investing in stocks comprising the underlying index and endeavors to track the benchmark index.

  • Minimum Application Amount – First investment is Rs. 500/- and in multiples of Rs. 100/- thereafter

  • Plan/ Options available – The AMC/Trustee reserve the right to introduce Plan(s)/Option(s) as may be deemed appropriate at a later date.

  • Fund Manager – Mr. Lovelish Solanki & Mr. Kedarnath Mirajkar

  • Benchmark – Nifty IT TRI

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

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