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Aditya Birla Sun Life Nifty Alpha Low Volatility 30 ETF Floats On

Published on Jul 25, 2022 12:23

Aditya Birla Sun Life Mutual Fund has launched a new fund named as Aditya Birla Sun Life Nifty Alpha Low Volatility 30 ETF, an open ended exchange traded fund tracking Nifty Alpha Low Volatility 30 TRI. The new fund offer (NFO) price for the scheme is Rs. 1 per unit. The new issue will be open for subscription from 12 August 2022 to 25 August 2022.

The investment objective of the Scheme is to generate returns that are in line with the performance of Nifty Alpha Low Volatility 30 Index, subject to tracking errors.

The scheme Plans/ Options Not Available.

The scheme would invest 95% to 100% of assets in Equity & Equity related instruments constituting Nifty Alpha Low Volatility 30 TRI with medium to very high risk profile and would invest upto 5% of assets in cash, money market & debt instruments with low to medium risk profile.

The minimum application amount is Rs. 100 and in multiples of Re. 1 thereafter during the NFO period.

The fund seeks to collect a minimum subscription (minimum target) amount of Rs. 5 crore under the scheme during the NFO period.

Entry and exit load charge will be nil.

Benchmark Index for the scheme is Nifty Alpha Low Volatility 30 TRI

The fund manager of the scheme will be Lovelish Solanki.

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