01-01-1970 12:00 AM | Source: Accord Fintech
Aditya Birla Sun Life AMC announces acceptance of subscriptions in medium term plan
News By Tags | #6944 #392

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 AMC (ABSLAMC) has decided to commence acceptance of fresh subscriptions/ switch-in application(s) in Aditya Birla Sun Life Medium Term Plan, an open-ended medium-term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3-4 years.

A relatively high interest rate risk and relatively high credit risk (the Scheme) with effect from Friday, July 22, 2022 (Effective Date). The limit on maximum subscription amount in the Scheme will be Re 1 Crore per investor per day across all subscription transactions (i.e., fresh purchases, additional purchases, switch-in and trigger transactions such as SIP, STP as available under the Scheme). ABSLAMC reserves the right to change/ modify the maximum subscription amount of the Scheme in future. 

 

All other features and terms & conditions of the SID and KIM of the Scheme shall remain unchanged. This Notice-cum-Addendum forms an integral part of the SID and KIM issued for the Scheme read with the Addenda issued thereunder.