MUTUAL FUNDS
Aditya Birla Sun Life Mutual Fund files offer document for Nifty 50 Equal Weight Index Fund
Feb-19-2020

Aditya Birla Sun Life Mutual Fund has filed offer document with SEBI to launch an open-ended scheme named 'Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund'. The New Fund Offer price is Rs 10 per unit. Entry load and exit load will be nil. The scheme offers growth and dividend options and seeks to collect a Minimum Target Amount of Rs 10 crore.

The performance for schemes will be benchmarked against Nifty 50 Equal Weight TRI. The minimum application amount for initial purchase is Rs 500 each and in multiples of Re 1 thereafter.

The investment objective of the scheme is to provide returns that closely correspond to the total returns of securities as represented by Nifty 50 Equal Weight Index, subject to tracking errors.

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