Aditya Birla Sun Life Mutual Fund launches Aditya Birla Sun Life Nifty India Defence Index Fund

NFO period: 09^th August – 23^rd August, 2024

Highlights of the NFO:

• Scheme type – An open ended Index Fund replicating the Nifty India Defence Total Return Index


• Investment objective – The investment objective of the scheme is to provide returns that, before expenses, correspond to the total returns of securities as represented by the Nifty India Defence Total Return Index, subject to tracking errors. The scheme does not guarantee/indicate any returns. There is no assurance or guarantee that the investment objective of the scheme will be achieved.


• Product suitability – This product is suitable for investors who are seeking long term capital growth by investing in equity and equity related securities covered by Nifty India Defence Total Return Index, subject to tracking error.


• Minimum Application Amount – First investment is Rs. 500/- and in multiples of Rs. 100/- thereafter during the New Fund Offer period


• Plan/ Options available – Regular plan & Direct plan having Growth Option and Income Distribution cum Capital Withdrawal (IDCW) Option (with Payout of Income Distribution cum capital withdrawal option).


• Fund Manager – Mr. Haresh Mehta and Mr. Pranav Gupta


• Benchmark – Nifty India Defence Total Return Index