Aditya Birla Sun Life Mutual Fund files offers document for Blockchain & Virtual Digital Assets ETFs Fund of Fund
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Aditya Birla Sun Life Mutual Fund has filed offer document with SEBI to launch an pen ended fund of funds scheme named 'Aditya Birla Sun Life Blockchain & Virtual Digital Assets ETFs Fund of Fund'. The New Fund Offer price is Rs 10. Entry load will be nil and Exit load for redemption / switch-out of units on or before 30 days from the date of allotment will be 0.5% of applicable NAV; For redemption / switch-out of units after 30 days from the date of allotment will be NIL. The Scheme offers no option for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.
The performance of the scheme will be benchmarked with MSCI ACWI IMI Blockchain Economy Index. The minimum application amount is Rs 100 and in multiples of Re1 thereafter.
The investment objective of the scheme is to provide long term capital appreciation by investing in the units of ETFs that are focussed on the global blockchain theme (including Virtual Digital Assets.
