NFO Alert: Aditya Birla Sun Life Mutual Fund launches the US Treasury 3-10 Year Bond ETFs FoFs; all you need to know

livemint.com:

Aditya Birla Sun Life Mutual Fund announced the launch of the Aditya Birla Sun Life US Treasury 3-10 Year Bond ETFs Fund of Funds, an open-ended fund of funds scheme investing in units of ETFs focused on US Treasury Bonds having maturity between 3-10 years.

The scheme opened for public subscription on October 16, 2023, and will close on October 30, 2023. The scheme re-opens for continuous sale and repurchase within five business days from the date of allotment.

This is an open-ended fund-of-funds scheme investing in units of ETFs focused on US Treasury Bonds having maturity between 1-3 years.

Commenting on the new fund offer, A Balasubramanian, Managing Director & CEO, Aditya Birla Sun Life AMC, said, “Our new passive offerings present an opportunity for investors to potentially earn higher returns, gain currency diversity, and access a trusted treasury market. It enables the investor to tap into the unique opportunity arising from a temporary yield curve dislocation in one of the world’s largest debt markets. At ABSLAMC, we always strive to offer innovative solutions that suit our investors' changing needs."

The investment objective of the Scheme is to generate returns that are in line with the performance of units of ETFs focused on US Treasury Bonds having maturity between 3-10 years. The scheme does not guarantee/indicate any returns. There is no assurance or guarantee that the scheme's investment objective will be achieved.

This product is suitable for investors seeking:

Investors can invest under the scheme with a minimum investment of ₹100 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