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Aditya Birla Sun Life Mutual Fund has filed offer document with SEBI to launch an open-ended equity scheme named ‘Aditya Birla Sun Life Quant Fund‘. The offer rate is Rs 10 per unit during the New Fund Offer. Entry load will be Nil, while Exit load for redemption/switch-out of units on or before 90 days from the date of allotment will be 0.50% of applicable NAV, and for redemption/switch-out of units after 90 days from the date of allotment exit load will be Nil. The Scheme offers Growth Option and Income Distribution Cum Capital Withdrawal Option for investment and minimum target subscription amount for the Scheme to be raised is Rs 10 crore.

The performance of the scheme is benchmarked by Nifty 200 TRI. The minimum application amount is Rs 500 and in multiples of Re 1 thereafter.

The investment objective of the scheme is to generate long term capital appreciation by investing in equity and equity related securities based on quant model theme.