Aditya Birla Sun Life Mutual Fund files offer document for Fixed Maturity Plan - Series VA To Series VE
Aditya Birla Sun Life Mutual Fund has filed offer document with SEBI to launch a closed ended debt scheme named ‘Aditya Birla Sun Life Fixed Maturity Plan - Series VA To Series VE’. The New Fund Offer price for units would be Rs 10 during the NFO. Entry load and Exit load will be nil. The Scheme offers growth and IDCW option for investment and seeks to collect a Minimum Target Amount of Rs 20 crore.
The performance will be benchmarked against CRISIL Liquid Debt Index (for schemes launched with tenure >30 days but ≤ 91 days); CRISIL Money Market A - I Index(for schemes launched with tenure>91 days but ≤400 days); CRISIL Short Duration Debt A -II Index(for schemes launched with tenure>400 days but ≤36 months); CRISIL Medium Duration Debt A-III Index(for schemes launched with tenure>36 months but ≤48months); CRISIL Medium to Long Duration Debt Index (for schemes launched with tenure>48months). The minimum application amount during NFO will be Rs 1000 and in multiples of Rs 10 thereafter.
The investment objective of the scheme is to generate income by investing in a portfolio of fixed income securities maturing on or before the tenure of the Scheme.
