| Aditya Birla Sun Life Mutual Fund | |
| Scheme Name | Aditya Birla Sun Life Fixed Term Plan – Series RI (1100 days) |
| Objective of Scheme | The scheme seeks to generate income by investing in a portfolio of fixed income securities maturing on or before the duration of the scheme |
| Scheme Type | Close Ended |
| Scheme Category | Income |
| New Fund Launch Date | 15-Oct-2018 |
| New Fund Offer Closure Date | 23-Oct-2018 |
| Indicate Load Separately | “Entry Load: Nil Exit Load: Nil No redemption/repurchase of units shall be allowed prior to the maturity of the scheme. Investors wishing to exit may do so through stock exchange mode.” |
| Minimum Subscription Amount | Rs. 1,000/- and in multiples of Rs. 10/- thereafter |
| For Further Details Please Visit Website | https://mutualfund.adityabirlacapital.com |
Mutual Funds Based on Asset Class
Debt Fund: These are funds that invest in debt instruments e.g. company debentures, government bonds and other fixed income assets. They are considered safe investments and provide fixed returns. These funds do not deduct tax at source so if the earning from the investment is more than Rs.10,000 then the investor is liable to pay the tax on it himself.
Mutual Funds Based on Structure
Close-Ended Funds: These are funds in which units can be purchased only during the initial offer period. Units can be redeemed at a specified maturity date. To provide for liquidity, these schemes are often listed for trade on a stock exchange. Unlike open ended mutual funds, once the units or stocks are bought, they cannot be sold back to the mutual fund, instead they need to be sold through the stock market at the prevailing price of the shares.
