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Aditya Birla Sun Life Mutual Fund (MF) has launched Aditya Birla Sun Life Nifty Alpha Low Volatility 30 ETF, an open-ended exchange traded fund tracking Nifty Alpha Low Volatility 30 TRI. The NFO opens for subscription on August 12, 2022 and closes on August 25, 2022. The Entry load and Exit load is nil for the scheme. The minimum subscription amount is Rs 100 and in multiples of Re 1 thereafter during the NFO period.

The performance of the Scheme would be benchmarked against Nifty Alpha Low Volatility 30 TRI and its fund managers are Lovelish Solanki and Pranav Gupta.

The investment objective of the Scheme is to generate returns that are in line with the performance of Nifty Alpha Low Volatility 30 Index, subject to tracking errors.