ABSL Mutual Fund limit maximum subscription amount on Aditya Birla Sun Life International Equity Fund
The fund house informed investors about this through a notice-cum-addendum dated February 13. The changes are effective from February 14.
Aditya Birla Sun Life International Equity Fund is an open-ended equity scheme following an international theme by investing predominantly in Global Equities.
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The fund house further stated that it reserves the right to change/modify the maximum subscription amount of the scheme in future.
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All other features and terms and conditions of the SID and KIM of the scheme shall remain unchanged.
This notice-cum-addendum forms an integral part of the SID and KIM issued for the scheme read with the addenda issued thereunder.
Aditya Birla Sun Life International Equity Fund allocates its 90-100% assets in equity and equity-related instruments (investment in foreign equity securities as permitted by SEBI/RBI) and 0-10% in fixed-income securities (including money market instruments).
The investment strategy of the scheme is to create a portfolio that is diversified geographically, to take benefit of low correlation between various countries, and to create a portfolio of high-quality — high-growth stocks.
According to the scheme information document, as of September 30, 2023, the scheme has 32,069 folios. The scheme manages assets of Rs 197.35 crore as of January 31, 2024.
The exit load applicable on the scheme is for
