Aditya Birla Sun Life MF introduces Conglomerate Fund
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Aditya Birla Sun Life Mutual Fund has launched Aditya Birla Sun Life Conglomerate Fund, an open-ended diversified equity scheme following conglomerate theme. The NFO opens for subscription on December 05, 2024 and closes on December 19, 2024. The Entry Load is not applicable for the scheme. The Exit Load will be 0.50% of applicable NAV - For redemption / switch-out of units on or before 90 days from the date of allotment and Nil - For redemption / switch-out of units after 90 days from the date of allotment. The Load Structure is subject to change from time to time and shall be implemented prospectively and will be calculated on First in First Out (FIFO) basis. The minimum subscription amount is Rs 100 and in multiples of Re 1 thereafter.
The performance of the scheme will be benchmarked at BSE Select Business Groups Index and its fund managers are Harish Krishnan and Kunal Sangoi.
The investment objective of the Scheme is to achieve long term capital appreciation by investing in equity and equity related securities of companies that follow conglomerate theme.
