Aditya Birla Sun Life Mutual Fund has launched a new fund
named as Aditya Birla Sun Life Banking ETF, an open-ended exchange-traded fund
tracking Nifty Bank Index. The new fund offer (NFO) price for the scheme
is Rs 10 per unit. The new issue will be open for subscription from
16 October 2019 to 22 October 2019.
The investment objective of the Scheme is to provide returns
that, before expenses, closely correspond to the total returns of the
securities as represented by the Nifty Bank Index.
The scheme Plans/ Options Not Available
The scheme would invest 95% to 100% of assets in stocks
comprising Nifty Bank Index with medium to high-risk profile and would invest up to 5% of assets in debt/money market instruments with a low-risk profile.
The minimum application amount is Rs 5000 and in
multiples of Rs 1000 thereafter during the NFO period.
The fund seeks to collect a minimum subscription (minimum
target) amount of Rs 10 crore under the scheme during the NFO period.
The entry and exit load charge will be nil.
Benchmark Index for the scheme is Nifty Bank Index
The fund manager of the scheme will be Lovelish Solanki.
Capitalstars is a SEBI registered investment advisor. Schedule a call with Capitalstars investment consultant or drop a mail at backoffice@capiltalstars.in and we will get in touch with you. You may also call us on 9977499927
Investment trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647
For more details call on 9977499927 or visit our website www.capitalstars.com
