Aditya Birla Sun Life Mutual Fund (MF) has launched Aditya Birla Sun Life Crisil IBX Gilt -Apr 2029 Index Fund, an open-ended Target Maturity Index Fund tracking the CRISIL IBX Gilt Index – April 2029 with a relatively high interest rate risk and relatively low credit risk. The NFO opens for subscription on October 11, 2022 and closes on October 18, 2022. The Entry load and Exit load is nil for the scheme. The minimum subscription amount is Rs 500 and in multiples of Re 1 thereafter.
The performance of the scheme will be benchmarked to the performance of CRISIL IBX Gilt Index – April 2029 and its fund managers are Harshil Suvarnkar and Sanjay Godambe.
The investment objective of the Scheme is to generate returns corresponding to the total returns of the securities as represented by the CRISIL IBX Gilt Index – April 2029 before expenses, subject to tracking errors.