Aditya Birla Sun Life Fixed Term Plan - Series UK (183 days): Everything you need to know

3 Jul 2023 , 12:29 PM

ABSL Mutual Fund is launching NFO under its “income category”, named as Aditya Birla Sun Life Fixed Term Plan – Series UK (183 days). This close-ended fund aims to generate income by investing in a portfolio of fixed income securities maturing on or before the tenure of the Scheme.

Investment strategy: The Investment Philosophy of the fund manager is 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: The Scheme will invest 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 183 days in a mutual fund should invest in Aditya Birla Sun Life Fixed Term Plan – Series UK (183 days). 

Risk associated: Low to moderate level of risk.

Benchmark: NIFTY Low Duration Debt Index

Fund Managers: Mr. Mohit Sharma.

The NFO is available for subscription from July 3 to July 5. 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 UK (183 days).