Aditya Birla Sun Life Mutual Fund files offer document for Broad Based Gilt ETF

Aditya Birla Sun Life Mutual Fund has filed offer document with SEBI to launch an open-ended debt exchange traded fund named ‘Aditya Birla Sun Life Broad Based Gilt ETF'. The offer price will be Rs 100. Exit load will be nil. The Scheme does not offer any Plans/Options for investment. The minimum target subscription amount for the Scheme to be raised is Rs 10 crore.

The performance of the scheme will be benchmarked against CRISIL Broad Based Gilt Index. The minimum application amount is Rs 1000 and in multiples of Rs 100 thereafter.

The investment objective of the scheme is to generate returns corresponding to the total returns of the securities as represented by the CRISIL Broad Based Gilt Index before expenses, subject to tracking error.