Aditya Birla Sun Life Mutual Fund launches Aditya Birla Sunlife CRISIL IBX AAA Mar 2024 Index Fund

by News Team | Mutual Fund

NFO period: 30th January – 02nd February, 2023

Highlights of the NFO:

  • Scheme type – An open ended Target Maturity Index Fund tracking the CRISIL IBX AAA Index – March 2024. A moderate 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 IBX AAA Index – March 2024 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 income over the target maturity period. Open ended Target Maturity Index Fund that seeks to track CRISIL IBX AAA Index – March 2024.

  • Minimum Application Amount – First investment is Rs. 500/- and in multiples of Rs. 1/- thereafter

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

  • Fund Manager – Mr. Mohit Sharma and Mr. Sanjay Godambe

  • Benchmark – CRISIL IBX AAA Index – March 2024

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