Aditya Birla SL MF introduces Nifty Next 50 Index Fund
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Aditya Birla Sun Life Mutual Fund (MF) has launched the Aditya Birla Sun Life Nifty Next 50 Index Fund, an open-ended scheme tracking the Nifty Next 50 Index. The NFO opens for subscription on January 31, 2022 and closes on February 14, 2022. The Entry load is nil for the scheme. The Exit load will be 0.25% of applicable NAV, for redemption / switch-out of units on or before 3 days from the date of allotment and nil, for redemption / switch-out of units after 3 days from the date of allotment. The minimum subscription amount is Rs 100 and in multiples of Re 1 thereafter.
The performance of the scheme will be benchmarked to the performance to Nifty Next 50 TRI (Total Return Index and its fund managers are Lovelish Solanki and Kedarnath Mirajkar.
The investment objective of the Scheme is to provide returns that closely track the total returns of securities as represented by Nifty Next 50 Index, subject to tracking errors.
