Aditya Birla Sun Life Mutual Fund launches Aditya Birla Sun Life Nifty Next 50 Index Fund

Jan 31, 2022 by Advisorkhoj Team | NFO | 2 Downloaded

NFO period: 31st January – 14th February, 2022

Highlights of the NFO:

  • Scheme type – An open-ended scheme tracking the Nifty Next 50 Index

  • Investment objective – The investment objective of the scheme is to provide returns that closely track the total returns of securities as represented by Nifty Next 50 Index, subject to tracking errors. The scheme does not guarantee/indicate any returns. There can be no assurance that the objective of the scheme will be achieved.

  • Product suitability – The product is suitable for investors who are seeking capital appreciation over the long term. A scheme that by investing in equity and equity related securities and replicates the composition of the Nifty Next 50 Index.

  • Minimum Application Amount – First investment is Rs. 100/- and in multiples of Rs. 1/- thereafter

  • Plan/ Options available – Regular Plan and Direct Plan having Growth Option and Payout of Income Distribution cum capital withdrawal (“IDCW”) Option.

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

  • Benchmark – Nifty Next 50 TRI (Total Return Index)

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

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