Aditya Birla Sun Life CRISIL IBX SDL SEP 2028 Index Fund NFO; All you need to know

3 Apr 2023 , 09:05 AM

Aditya Birla Sun Life Mutual Fund is launching NFO under its “index fund category”, named as Aditya Birla Sun Life CRISIL IBX SDL SEP 2028 Index Fund. This open-ended fund will generate returns corresponding to the total returns of the securities as represented by the CRISIL IBX SDL Index – September 2028 before expenses.

Investment strategy: The scheme is a target maturity fund and will be managed passively by tracking the performance of CRISIL IBX SDL Index – September 2028 in line with the norms prescribed by SEBI. 

Asset allocation: Aditya Birla Sun Life CRISIL IBX SDL SEP 2028 Index Fund seeks to provide risk-adjusted returns by investing in securities lying under CRISIL IBX SDL Index – September 2028 with relatively high interest rate risk and relatively low credit risk.

Who should invest?

Investors with moderate risk appetite and want to invest in target maturity fund by allocating their funds in government securities and money market instruments should invest in the fund.

Risk associated: Moderate level of risk.

Benchmark: CRISIL IBX SDL Index – September 2028.

Fund Managers: Mr. Harshil Suvarnkar.

The NFO is available for subscription from March 25 to April 5. The minimum subscription amount is Rs 500/- and in multiples of any amount thereafter. 

It offers Regular Plan and Direct Plan. Each plan offers Growth and Income options. Click here to invest in Aditya Birla Sun Life CRISIL IBX SDL SEP 2028 Index Fund.