New index fund offer from AB Sun Life

Aditya Birla Sun Life Mutual Fund
Scheme Name Aditya Birla Sun Life Nifty 50 Equal Weight index Fund
Objective of Scheme 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 TR Index, subject to tracking errors.
Scheme Type Open Ended
Scheme Category Other Scheme – Index Funds
New Fund Launch Date 19-May-2021
New Fund Offer Closure Date 02-Jun-2021
Minimum Subscription Amount Rs.500/-
For Further Details Please Visit Website https://mutualfund.adityabirlacapital.com

Source from: www.amfiindia.com

Mutual Funds Based on Asset Class

Index Fund: These are funds that invest in instruments that represent a particular index on an exchange so as to mirror the movement and returns of the index e.g. buying shares representative of the BSE Sensex.

Mutual Funds Based on Structure

Open-Ended Funds: These are funds in which units are open for purchase or redemption through the year. All purchases/redemption of these fund units are done at prevailing NAVs. Basically these funds will allow investors to keep invest as long as they want. There are no limits on how much can be invested in the fund. They also tend to be actively managed which means that there is a fund manager who picks the places where investments will be made. These funds also charge a fee which can be higher than passively managed funds because of the active management. They are an ideal investment for those who want investment along with liquidity because they are not bound to any specific maturity periods. Which means that investors can withdraw their funds at any time they want thus giving them the liquidity they need.

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