2 weeks Ago
Aditya Birla Sun Life Mutual Fund has launched a new open-ended index fund, the Aditya Birla Sun Life CRISIL-IBX AAA NBFC-HFC Index-Dec 2025 Fund. The scheme aims to generate returns by tracking the performance of the CRISIL-IBX AAA NBFC-HFC Index before expenses and subject to tracking errors. The fund offers investors the potential for income over a target maturity period, specifically through exposure to high-quality debt instruments in the NBFC and HFC space.
The new fund offer (NFO) opened on October 8, 2024, and will close on October 14, 2024. Investors can begin with a minimum subscription amount of ₹1,000, with the option to invest more in multiples of ₹100. The scheme will offer both a Growth Option and an Income Distribution cum Capital Withdrawal (IDCW) Option under its regular and direct plans.
The fund aims to provide a balance of moderate interest rate risk and low credit risk, making it a suitable investment for conservative investors seeking predictable returns. Once the NFO closes, the fund will remain open for ongoing purchases and redemptions. Investors can redeem or switch units at net asset value (NAV)-based prices on any business day.
The CRISIL-IBX AAA NBFC-HFC Index – Dec 2025 will serve as the benchmark for the fund, which invests in securities from that index to generate returns in line with its performance. The scheme does not charge an exit load, and its NAV will be calculated and published every business day, as per the fund house..
