Aditya Birla Sun Life Mutual Fund has launched a new fund offering named “Aditya Birla Sun Life Fixed Term Plan – Series UK (183 days)”, A Close ended Debt Scheme. A relatively low interest rate risk and moderate credit risk. The scheme seeks to generate income by investing in a portfolio of fixed income securities maturing on or before the duration of the scheme.
The NFO is now open for subscription from July 03rd, till July 5th, 2023. Within five Business Days following the date of allotment, the Schemes will reopen for continuous sale and repurchase. With minimum investment of Rs. 1000 and in multiples of Rs. 10/- thereafter, Both a Regular Plan and a Direct Plan are available under which Growth as well as payment of IDCW options are available.
About Aditya Birla Sun Life Mutual Fund
Aditya Birla Sun Life Mutual Funds (ABSLMF) is a joint venture business co-sponsored by Aditya Birla Capital Limited in India and Sun Life AMC Investments, Inc. in Canada. It was originally known as Birla Sun Life Asset Management Company Limited and was headquartered in Mumbai. It was founded in 1994 and has now celebrated 25 years in the Indian financial landscape.
Aditya Birla Group and Sun Life Financial, Inc., the parent firms, are both large financial institutions with a long history of wealth creation and management. With a gross sales of more than $41 billion, the Aditya Birla Group is India’s third largest corporate group. Sun Life, on the other hand, is one of the world’s top suppliers of life insurance, with investment management as another area of specialization. It is ranked 236th on the Fortune 500.
ABSLMF is currently one of India’s largest asset management organizations. As of March 31, 2023, the cumulative average assets under management (AUM) was Rs. 2.6 Lakh Crores. ABSLMF’s major commitment is to improve mutual fund penetration in India. As of May 2019, India had over 83.2 million mutual fund portfolios worth over Rs. 25.43 trillion. It has quadrupled in the last decade alone, with ABSLMF playing a pivotal role. BSLAMC is one of India’s major asset managers, handling about 7.9 million investor folios across 280+ sites in metropolises and small towns equally.
Aditya Birla Sun Life Fixed Term Plan – Series UK (183 days) – NFO Detail
| Type of Offer | NFO (New Fund Offer) |
| Fund House | Aditya Birla Sun Life Mutual Fund |
| Name of the Fund | Aditya Birla Sun Life Fixed Term Plan – Series UK (183 days) |
| Type of Scheme | Close-ended |
| Category of Scheme | Income |
| NFO Starts | 03-July-2023 |
| NFO Ends | 05-July-2023 |
| NFO Unit Price | Rs 10 per unit |
| Minimum Investment | Rs. 1000 and in multiples of Rs. 10/- thereafter |
| Plans | Regular, Direct |
| Options | Growth, IDCW |
| Entry Load | Nil |
| Exit Load | Nil |
| Investment Manager | Aditya Birla Sun Life AMC Ltd. |
| Fund Manager | Mr. Mohit Sharma |
Aditya Birla Sun Life Fixed Term Plan – Series UK (183 days) NFO – Scheme Objective
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.
Aditya Birla Sun Life Fixed Term Plan – Series UK (183 days) NFO – Who Can Invest?
This product is suitable for investors who are seeking*:
- Income with capital growth over Short Term.
- Investments in debt and money market securities maturing on or before the tenure of the Scheme.
How Will the Scheme Allocate Its Asset
- 0-100% in Debt Securities including Government securities, State Development Loans (SDLs) and Money Market Instruments.
Where Will the Scheme Invest?
The corpus of the Scheme will be invested in debt and money market instruments. Subject to the SEBI (MF) Regulations, the corpus of the Scheme can be invested in any (but not exclusively) of the following securities:
- Securities created and issued by Governments of India and/or reverse repos in such Government Securities/Treasury Bills as may be permitted by RBI.
- Securities guaranteed by the Central and State Governments (including but not limited to coupon bearing bonds, zero coupon bonds and treasury bills).
- Fixed Income Securities of domestic Government agencies and statutory bodies, which may or may not carry a Central/State Government guarantee.
- Corporate debt and securities (of both public and private sector undertakings) including Bonds, Debentures, Notes, Strips etc.
- Money Market Instruments include Commercial papers, commercial bills, treasury bills, Government securities having an unexpired maturity upto one year, call or notice money, certificate of deposit, usance bill and any other like instruments as specified by the Reserve Bank of India/SEBI from time to time subject to regulatory approvals, if any.
- Certificate of Deposits (CDs).
- Commercial Paper (CPs).
- The non-convertible part of convertible securities.
Aditya Birla Sun Life Fixed Term Plan – Series UK (183 days) NFO – SID (Scheme Information Document)
Please click here to read the SID (Scheme Information Document) of this upcoming NFO scheme.
How to Invest?
Visit this page on the AMC website for further detail and investment.
Disclaimer: This post is just 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.
