Aditya Birla Sun Life Mutual Fund (MF) has launched the Aditya Birla Sun Life Multi-Cap Fund, an open- ended equity scheme investing across large cap, mid cap & small cap stocks. The NFO opens for subscription on April 19, 2021, and closes on May 03, 2021. The Entry load is nil for the scheme. The Exit Load of 1.00% of applicable NAV for redemption / switch-out of units on or before 365 days from the date of allotment and nil for redemption / switch-out of units after 365 days from the date of allotment. 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 Nifty 500 Multicap 50:25:25 TRI and its fund managers are Mahesh Patil, Dhaval Shah, Harshil Suvarnkar and Vinod Bhat.
The investment objective of the scheme is to achieve long term growth of capital, at commensurate levels of risk through a diversified research-based investment in Large, Mid & Small cap companies.