NFO Alert: Aditya Birla Sun Life Mutual Fund launches Transportation and Logistics Fund; all you need to know
Aditya Birla Sun Life Mutual Fund announced the launch of the Aditya Birla Sun Life Transportation and Logistics Fund. The scheme opened for public subscription on October 27, 2023, and will close on November 10, 2023. The scheme re-opens for continuous sale and repurchase within five business days from the date of allotment.
This is an open-ended equity fund scheme investing in transportation and logistics-themed companies. This product is suitable for investors seeking
The investment objective of the scheme is to achieve long-term capital appreciation by investing in equity and equity-related securities of companies following the transportation and logistics theme.
The investment strategy of this scheme entails allocating 80-100% of its assets to equity and equity-related instruments of companies associated with the transportation and logistics sector, 0-20% to equity and equity-related instruments outside of this sector, 0-20% to debt and money market instruments, and 0-10% to units issued by REITs and InvITs.
Investors can invest under the scheme with a minimum investment of ₹500 per plan/option and in multiples of Re 1. There is no upper limit for investment.
Under normal circumstances, the asset allocation of the scheme will be as follows:
Indicative allocations (% of total assets)
Minimum
Maximum
Equity and equity-related instruments# of companies following transportation and logistics theme
80%
100%
Very High
Equity and equity-related instruments# other than the transportation & logistics theme
0%
20%
Very High
Debt and Money Market Instruments
0%
20%
Low to Moderate
Units issued by REITs & InvITs
0%
10%
Very High
To date, many asset management companies (AMCs) have launched such transportation and
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