Aditya Birla Sun Life Mutual Fund Launches Conglomerate Fund

Aditya Birla Sun Life Mutual Fund has announced the launch of the Aditya Birla Sun Life Conglomerate Fund, a diversified equity scheme with a focus on India’s leading conglomerates. The New Fund Offer (NFO) opens on December 5, 2024, and closes on December 19, 2024. Following the allotment, the fund will reopen for regular purchases and redemptions within five business days.

Investment Objective & Theme

The fund aims to deliver long-term capital appreciation by investing in equity and equity-related securities of companies associated with conglomerates. It follows an active investment strategy, targeting India’s Top Conglomerates (TCI) based on market capitalization. While the primary focus is on conglomerate-themed companies, the fund allows for limited exposure outside this theme.

Portfolio Allocation

The fund’s investment structure is diversified:

• 80-100%: Equity and equity-related instruments within the conglomerate theme.
• 0-20%: Equity and equity-related instruments outside the conglomerate theme.
• 0-20%: Debt and money market instruments.
• 0-10%: Units of REITs and INVITs.

Benchmark & Management

The scheme will benchmark its performance against the BSE Select Business Groups Index. It will be managed by Harish Krishnan and Kunal Sangoi, professionals with experience in equity markets.

Costs & Minimum Investment

• Exit Load:
  • 0.50% for redemptions or switch-outs within 90 days.
  • Nil for redemptions after 90 days.
• Minimum Investment: ₹100 (lump sum or SIP), with increments in multiples of ₹1.
• Redemption Threshold: The minimum redemption is ₹1, and partial redemptions below this threshold will be treated as full account closures.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.