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Aditya Birla Sun Life Mutual Fund (MF) has launched Aditya Birla Sun Life Crisil IBX AAA Mar 2024 Index Funds, an open-ended Target Maturity Index Fund tracking the CRISIL IBX AAA Index – March 2024 with moderate interest rate risk and relatively low credit risk. The NFO opens for subscription on January 30, 2023 and closes on February 02, 2023. 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 during the NFO period.

The performance of the Scheme will be benchmarked to the performance of CRISIL IBX AAA Index – March 2024 and its fund managers are Mohit Sharma 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 AAA Index – March 2024 before expenses, subject to tracking errors.