Aditya Birla Sun Life Fixed Term Plan - Series UH (91 days) NFO: Key details you need to know

15 Mar 2023 , 10:47 AM

ABSL Mutual Fund is launching NFO under its “Fixed Term Plan (FTP) category”, named as Aditya Birla Sun Life Fixed Term Plan – Series UH (91 days) Fund. This close-ended fund will invest predominantly in Debt Securities including Government securities, State Development Loans (SDLs) and Money Market Instruments.

Investment strategy: The scheme aims to generate risk-adjusted returns through research driven investment approach by investing in a portfolio of fixed income securities maturing on or before the tenure of the Scheme. 

Asset allocation: Aditya Birla Sun Life Fixed Term Plan – Series UH (91 days) Fund seeks to provide income with capital growth over short-term by investing in debt and money market instruments with a relatively low interest rate risk and moderate credit risk.

Who should invest?

Investors with moderate risk appetite and want to invest for short term to get regular income with capital growth should invest in Aditya Birla Sun Life Fixed Term Plan – Series UH (91 days) Fund. 

Risk associated: Moderate level of risk.

Benchmark: CRISIL Liquid Fund Index.

Fund Managers: Mr. Mohit Sharma.

The NFO is available for subscription on March 15. The schemes will reopen for continuous sale and repurchase within five Business Days from the date of allotment. The minimum subscription amount is Rs 1000/- 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 Fixed Term Plan – Series UH (91 days) Fund.