Aditya Birla Sun Life Mutual Fund files offers document for Nifty PSE ETF
Aditya Birla Sun Life Mutual Fund has filed offer document with SEBI to launch an open-ended exchange traded fund named ‘Aditya Birla Sun Life Nifty PSE ETF ‘. The units being offered will have a face value of Re 1 each and will be issued at a premium. Entry load and exit load will be nil. The Scheme does not offer any Plans/Options for investment and minimum target subscription amount for the Scheme to be raised is Rs 5 Crore.

The performance of the scheme is benchmarked by Nifty PSE Index. The minimum application amount is Rs 500 and in multiples of Rs 100 thereafter.

The investment objective of the scheme is to generate returns that are in line with the performance of Nifty PSE Index.