Aditya Birla Sun Life NFO: Aditya Birla Sun Life Mutual Fund is launching its New Fund Offer named Aditya Birla Sun Life Bal Bhavishya Yojna from 22-January-2019 to 05-February-2019.
There are two schemes being launched during this offer:-
- Aditya Birla Sun Life Bal Bhavishya Yojna – Wealth Plan
- Aditya Birla Sun Life Bal Bhavishya Yojna – Savings Plan
Both of the above plans have a lock-in period of 5 years or till the child attains the age of majority (or whichever is earlier).
According to Aditya Birla Sun Life Mutual Fund, Aditya Birla Sun Life Bal Bhavishya Yojna – Wealth Plan is suitable for investors who are seeking:-
- long term capital growth, and
- investment in predominantly equity and equity related securities as well as debt and money market instruments
Savings Plan of this scheme is suitable for investors who are seeking:-
- long term capital growth, and
- investment in predominantly debt and money market instruments as well as equity & equity related securities.
About Aditya Birla Sun Life NFO
| Name of the Schemes |
|
|---|---|
| Fund House | Aditya Birla Sun Life Mutual Fund |
| Scheme Type | Open Ended |
| Scheme Categories | Wealth and Savings |
| Plans | Both the schemes have Regular Plan and Direct Plan – Both schemes offer Growth Option and Dividend Option. |
| Issue Starts | 22-January-2019 |
| Issue Closes | 05-February-2019 |
| NFO Unit Price | Rs 10 Per Unit (Both Schemes) |
| Minimum Investment | Rs 1,000 (Both Schemes) |
| Entry Load | No |
| Exit Load | No |
| Investment Manager | Aditya Birla Sun Life AMC Limited (ABSLAMC) (formerly known as Birla Sun Life Asset Management Co Ltd) |
(Read: NFO: New Fund Offer of Mutual Funds)
Investment Objectives
According to the fund house, the investment objectives of the scheme is as follows:-
Wealth Plan
The investment objective of the Wealth Plan is to seek generation of capital appreciation by creating a portfolio that is predominantly investing in equity & equity related securities and debt and money market instruments.
Savings Plan
The investment objective of the Plan is to generate income and capital appreciation by predominantly investing in a diversified portfolio of debt and money market securities along with equity and equity related instruments.
Proposed Asset Allocation of the Scheme
The proposed asset allocation of the scheme is given as follows:
Wealth Plan
| Instrument | Risk Profile | Normal Allocation (% of Total Assets) |
|---|---|---|
| Equities and Equity related instruments | Medium to High | 65-100 |
| Fixed Income Securities (including Money Market Securities and securitized debt up to a maximum of 35%) | Low to Medium | 0-35 |
| Units issued by REITs and InvITs | Medium to High | 0-10 |
Savings Plan
| Instrument | Risk Profile | Normal Allocation (% of Total Assets) |
|---|---|---|
| Debt & Money Market Securities (including securitized debt up to a maximum of 50%) |
Low to Medium | 75-90 |
| Equities and Equity related instruments | Medium to High | 10-25 |
| Units issued by REITs and InvITs | Medium to High | 0-10 |
About Aditya Birla Sun Life
Aditya Birla Sunlife Mutual Fund is the third largest fund house in India with Asset Under Management (AUM) of over Rs 2670 billion. It is a joint venture between Aditya Birla Group and Sun Life Financial founded in the year 1994. Sun Life Financial is one of the world’s largest financial services companies headquartered in Canda.
This joint venture is serving investors across India through 247 offices. Aditya Birla Sunlife offers sector-specific equity schemes, hybrid and monthly income funds, debt and treasury products, fund of fund schemes etc.
Registered & Corporate Office: Aditya Birla Sun Life Mutual Fund (ABSLMF), One India Bulls Centre, Tower 1, 17th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai 400 013. Telephone: 43568000
Website: www.mutualfund.adityabirlacapital.com
Please click here to read the scheme related document.
Disclaimer: This post is just an information about the scheme. It does not give any advice or recommendation. Mutual Fund investments are subject to market risk. Please read the offer document carefully before investing. It is also advised to consult your financial advisor of necessary suggestions.
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Tags: #NFO #Mutual Fund #Aditya Birla Mutual Fund #Aditya Birla NFO #New Fund Offer
