Aditya Birla MF introduces SL Nasdaq 100 FOF
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Aditya Birla Mutual Fund (MF) has launched the Aditya Birla Sun Life Nasdaq 100 FOF, an open-ended fund of fund investing in units of overseas ETF’s and/or Index Fund based on NASDAQ-100 Index. The NFO opens for subscription on October 15, 2021 and closes on October 29, 2021. The Entry load and the Exit Load is nil for the scheme. The minimum subscription amount is Rs 5000 and in multiple of Rs 1000 thereafter.
The performance of the scheme will be benchmarked to the performance of NASDAQ 100 TRI and its fund manager is Vinod Bhat.
The investment objective of the scheme is to provide long-term capital appreciation by investing in units of overseas ETFs and/or Index Fund based on NASDAQ-100 Index.
