New debt fund offer launched by AB Sun Life

Aditya Birla Sun Life Mutual Fund
Scheme Name Aditya Birla Sun Life Fixed Term Plan – Series TI (1837 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. The Scheme does not guarantee/indicate any returns. There can be no assurance that the schemes’ objectives will be achieved.
Scheme Type Close Ended
Scheme Category Income
New Fund Launch Date 22-Jun-2021
New Fund Offer Closure Date 28-Jun-2021
Indicate Load Separately Entry Load*: Nil Exit Load: Nil *In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor effective August 01, 2009. 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

Source from: www.amfiindia.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.

Types of 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 is often listed for trading 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.

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News & Article

Financial Advisory Services at Your Door Step.

If your occcupied don't have time to plan your financial investment we are here to guide.