India's December merchandise exports rise 38.91% y/y - trade ministry
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Aditya Birla Sun Life Mutual Fund (MF) has launched the Aditya Birla Sun Life Nifty SDL Apr 2027 Index Fund, an open-ended Target Maturity Index Fund tracking the Nifty SDL Apr 2027 Index with relatively high interest rate risk and relatively low credit risk. The NFO opens for subscription on January 14, 2022 and closes on January 27, 2022. The Entry load is nil for the scheme. The Exit load will be 0.5% of applicable NAV, for redemption / switch-out of units on or before 30 days from the date of allotment and nil, for redemption / switch-out of units after 30 days from the date of allotment. The minimum subscription amount is Rs 500 and in multiples of Re 1 thereafter.
The performance of the scheme will be benchmarked against Nifty SDL Apr 2027 Index and its fund managers are Bhupesh Bameta and Harshil Survankar.
The investment objective of the scheme is to generate returns corresponding to the total returns of the securities as represented by the Nifty SDL Apr 2027 Index before expenses, subject to tracking errors.
