New fund offer from Aditya Birla Sun Life

Aditya Birla Sun Life Mutual Fund
Scheme Name Aditya Birla Sun Life Fixed Term Plan – Series SX (1164 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 Debt – Income
New Fund Launch Date 13-Feb-2020
New Fund Offer Closure Date 18-Feb-2020
Indicate Load Separately Entry Load: Nil Exit Load: Nil
Minimum Subscription Amount Rs. 1,000/- and in multiples of Rs. 10/ thereafter
For Further Details Please Visit Website

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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.

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