Featured, Mutual Funds

Aditya Birla Mutual Fund Fixed Term Plan – Series RF NFO Opens

Aditya Birla Mutual Fund Fixed Term Plan – Series RF NFO (New Fund Offer) will be open for subscription for one day on September 24, 2018. The NFO price for the scheme with a maturity period of 1290 days is 10 Rupees per unit.

The investment objective of the Aditya Birla Sun Life Fixed Term Plan – Series RF (1290 days) is to produce income by making an investment in a portfolio of fixed income instruments maturing on or before the maturity period of the plan.

The close-ended income scheme of the Aditya Birla Sun Life Mutual Fund offers Growth option and Dividend option with Normal Dividend sub-option (Payout Facility) and Quarterly Dividend sub-option (Payout Facility).

The minimum application amount for the Aditya Birla Sun Life Fixed Term Plan – Series RF is 1000 Rupees and in multiples of 10 Rupees thereafter. The scheme has no entry load and exit load charges.

Aditya Birla Mutual Fund Fixed Term Plan – Series RF scheme will invest 80 percent to 100 percent of assets in debt instruments including government instruments except for money market securities with low to medium risk profile. The Fixed Term scheme will further invest up to 20 percent of assets in money market securities with low to medium risk profile.

The tenure of the close-ended income scheme of the Aditya Birla AMC is 1290 days from the date of allocation of units.

The Fixed Term Plan – Series RF scheme seeks to gather a minimum subscription amount or minimum target amount of 20 crore Rupees during the fund offer period.

The scheme is benchmarked against the CRISIL Composite Bond Fund Index. Mr. Mohit Sharma will be managing the scheme, according to KJMC.

BSE informs in its notice dated September 19, 2018, that the fund house will be offering Aditya Birla Mutual Fund Fixed Term Plan – Series RF (1290 days) –  NFO from September 24, 2018, to September 24, 2018, on the BSE StAR MF Platform, based on information available in the BSE’s official website.

[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]
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Bindhu Mol. G loves writing news articles. She excels in SEO articles, technical articles and academic articles. She covers commodities and mutual fund news for OWLT Market.

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