Aditya Birla Sun Life Mutual Fund launches Aditya Birla Sun Life Nifty PSE ETF

Aditya Birla Sun Life Nifty PSE ETF is an open-ended Exchange Traded Fund (ETF) launched by Aditya Birla Sun Life Mutual Fund on May 2nd, 2024. The scheme aims to track the performance of the Nifty PSE Index, which means its returns will be similar to the index, barring minor tracking errors. The minimum investment amount is Rs 500 and the offer closes on May 16th, 2024.

Investment Objective

The investment objective of the Aditya Birla Sun Life Nifty PSE ETF is to generate returns that are in line with the performance of the Nifty PSE Index, subject to tracking errors.

This NFO of Aditya Birla Sun Life Nifty PSE ETF is suitable for investors who are seeking Investors seeking returns that are in line with the performance of the Nifty PSE Index, subject to tracking errors and investments in the stocks belonging to the Nifty PSE Index

Risk-o-meter: 

Funds Allocation

Benchmark

The performance of the Aditya Birla Sun Life Nifty PSE ETF is benchmarked against the Nifty PSE Index.

Fund Managers

Mr. Haresh Mehta, a 39-year-old with a B. Com. and MBA (International Business Management) from Sikkim Manipal University, brings over 16 years of experience in dealing with his role at Aditya Birla Sun Life AMC Limited. Before joining Aditya Birla, he spent over 4 years at Baroda BNP Paribas Asset Management India Pvt. Ltd as a Dealer and Investment Support professional. He also has over 11 years of experience as an Institutional Equities Trader at First Global Stockbroking Pvt. Ltd.

Peer Mutual Fund Schemes (Trailing Returns)

There is not a single similar ETF comparable to Aditya Birla Sun Life Nifty PSE ETF

Characteristics of Sectoral/Thematic Mutual Funds

• Sector/Theme Focus: These funds invest in a specific sector (e.g., technology, healthcare) or a theme (e.g., electric vehicles, clean energy).
• High Potential Returns: They aim to capture the outperformance of a particular sector or theme, offering the chance for higher returns than diversified funds.
• Concentration Risk: By focusing on a narrow area, they are more susceptible to downturns in that sector or theme compared to broader funds.
• Active Management: These funds are typically actively managed by fund managers who select stocks based on their outlook for the chosen sector or theme.
• Market Capitalization Variation: Thematic/Sectoral funds can invest across large-cap, mid-cap, and small-cap stocks within their chosen area.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.