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Aditya Birla Sun Life Mutual Fund (MF) has launched Aditya Birla Sun Life Transportation and Logistics Fund, an open-ended equity scheme following transportation and logistics theme. The NFO opens for subscription on October 27, 2023 and closes on November 10, 2023. The Entry load is nil for the scheme. The Exit load is 1.00% of applicable NAV - for redemption / switch-out of units on or before 365 days from the date of allotment and nil - for redemption / switch-out of units after 365 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 to the performance of Nifty Transportation and Logistics TRI and its fund managers are Dhaval Gala and Dhaval Joshi (Overseas Investments).

The investment objective of the Scheme is to achieve long term capital appreciation by investing in equity and equity related securities of companies following transportation and logistics theme.