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Aditya Birla Sun Life Mutual Fund (MF) has launched Aditya Birla Sun Life CRISIL Overnight Fund AI Index ETF, an open-ended Exchange Traded Fund replicating the CRISIL Overnight Fund AI Index. A relatively low interest rate risk and relatively low credit risk. The NFO opens for subscription on March 03, 2023 and closes on March 10, 2023. The Entry load and Exit load is nil for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Rs 1,000 thereafter during the NFO period.

The performance of the scheme will be benchmarked against CRISIL Overnight Fund AI Index and its fund managers are Sanjay Pawar and Sunaina da Cunha.

The investment objective of the scheme is to generate returns corresponding to the total returns of the securities as represented by the CRISIL Overnight Fund AI Index before expenses, subject to tracking errors.