Aditya Birla Sun Life Mutual Fund launches Aditya Birla Sun Life CRISIL Overnight Fund AI Index ETF

by News Team | Mutual Fund

NFO period: 03rd March – 10th March, 2023

Highlights of the NFO:

  • Scheme type – An open-ended Exchange Traded Fund replicating the CRISIL Overnight Fund AI Index. A relatively low interest rate risk and relatively low credit risk

  • Investment objective – The investment objective of the scheme is to generate returns corresponding to the total returns of the securities as represented by the CRISIL Overnight Fund AI Index before expenses, subject to tracking errors. The scheme does not guarantee/indicate any returns. There can be no assurance or guarantee that the investment objective of the scheme will be achieved.

  • Product suitability – The product is suitable for investors who are seeking short term income with liquidity. An open ended Exchange Traded Fund that seeks to track CRISIL Overnight Fund AI Index.

  • Minimum Application Amount – First investment is Rs. 5,000/- and in multiples of Rs. 1,000/- thereafter during the New Fund Offer period

  • Plan/ Options available – The scheme shall have only one Plan and only one option which shall be daily Income Distribution cum Capital Withdrawal (IDCW) reinvestment with compulsory weekly payout of the reinvested units.

  • Fund Manager – Mr. Sanjay Pawar and Ms. Sunaina da Cunha

  • Benchmark – CRISIL Overnight Fund AI Index

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