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Aditya Birla Sun Life Mutual Fund (MF) has launched Aditya Birla Sun Life CRISIL IBX Gilt April 2033 Index Fund, an open-ended Target Maturity Index Fund tracking the CRISIL IBX Gilt Index – April 2033 with relatively high interest rate risk and relatively low credit risk. The NFO opens for subscription on December 15, 2023 and closes on December 21, 2023. The Entry load and Exit load is not applicable for the scheme. The minimum subscription amount is Rs 1,000 and in multiples of Re 1 thereafter.

The performance of the scheme will be benchmarked against CRISIL IBX Gilt Index - April 2033 and its fund managers are Bhupesh Bameta and Sanjay Godambe.

The investment objective of the Scheme is to generate returns corresponding to the total returns of the securities as represented by the CRISIL IBX Gilt Index - April 2033 before expenses, subject to tracking errors