Aditya Birla MF introduces SL Nifty IT ETF
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Aditya Birla Mutual Fund (MF) has launched the Aditya Birla Sun Life Nifty IT ETF, an open-ended exchange traded fund tracking Nifty IT TRI. The NFO opens for subscription on October 20, 2021 and closes on October 28, 2021. The Entry load and the Exit Load is nil for the scheme. The minimum subscription amount is Rs 500 and in multiple of Rs 100 thereafter.
The performance of the scheme will be benchmarked against Nifty IT TRI and its fund managers are Lovelish Solanki & Kedarnath Mirajkar.
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.
