MUTUAL FUNDS
Aditya Birla Sun Life Mutual Fund files offer document for Yield Enhancer Fund of Funds
Sep-16-2024

Aditya Birla Sun Life Mutual Fund has filed offer document with SEBI to launch an open ended fund of funds scheme investing in equity oriented schemes, debt oriented schemes and gold & silver ETFs named ‘Aditya Birla Sun Life Yield Enhancer Fund of Funds’. The New Fund Offer price is Rs 10 per unit. Entry load is not applicable and Exit load will be 0.50% of applicable NAV for redemption/switch out of units on or before 90 days from the date of allotment; and Nil for redemption/switch out of units after 90 days from the date of allotment. The scheme offers growth and Income Distribution cum capital withdrawal (IDCW) Options with Payout of IDCW and Reinvestment of IDCW and seeks to collect a Minimum Target Amount of Rs 10 crore.

The performance of the scheme will be benchmarked against 60% Nifty Corporate Bond Index A-II + 30% Nifty 50 Arbitrage Index + 5% of Domestic Prices of Gold + 5% of Domestic Prices of Silver. The minimum application amount is Rs. 500 and in multiples of Re 1 thereafter.

The primary investment objective of the Scheme is to generate capital appreciation from a portfolio of equity schemes and debt schemes accessed through the diversified investment styles.


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