An open-ended fund of funds scheme investing in Exchange Traded Funds and Index Funds.
| Good to know What is an exchange traded fund? An ETF is a mutual fund that tracks the performance of sectors, commodities or stock market indices. Unlike other equity schemes, it can be traded on the exchanges just like a stock. ETFs can contain many types of investments, including stocks, commodities and bonds. |
Investment objective
The primary objective of the Scheme is to generate capital appreciation by investing in passively managed instruments such as ETFs and Index Funds of equity and equity related instruments (domestic index funds & ETFs as well as overseas ETFs), fixed income securities, gold/silver.
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Asset allocation
| Instrument | Allocation (% of total assets) | Risk profile | |
| Particulars | Minimum | Maximum | Low/ Medium/ High |
| Equity ETFs & Index Funds | 20 | 80 | Very high |
| Overseas equity ETFs | 0 | 10 | Very high |
| Debt ETFs & Index Funds | 10 | 60 | Moderately high |
| Gold/ Silver ETFs | 0 | 20 | Very high |
| Cash and Debt/Money Market Instruments | 0 | 5 | Low to moderate |
Scheme details
| Name | Aditya Birla Sun Life Multi-Index Fund of Funds |
| Type | An open-ended fund of funds scheme investing in Exchange Traded Funds and Index Funds |
| Category | Equity |
| Benchmark | 50% Nifty 500 TRI + 30% CRISIL Low Duration Debt Index + 10% MSCI AC World Index + 5% Domestic Price of Physical Gold + 5% Price of silver (based on LBMA Silver daily spot fixing price). |
| Entry/exit load | Entry: Nil Exit Load: Nil |
| Fund Manager | Lovelish Solanki |
| Minimum application amount | ₹100 and in multiples of ₹1. |
| Expense ratio | Up to 1% |
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| This product is suitable for investors who are seeking*: | Riskometer |
| -Long term capital appreciation -Investment in passively managed instruments such as ETFs and Index Funds of equity and equity related instruments (domestic index funds & ETFs as well as overseas ETFs), fixed income securities, gold/silver |
*Investors should consult their financial advisors if in doubt about whether the product is suitable for them.
Note: The above information has been sourced from the Scheme Information Document provided by Quantum Asset Management Company.
Disclaimer: The above article is purely academic in nature and aims to provide knowledge about basic trading concepts & should not be construed as an opinion or advice to invest or trade. RKSV Securities India Private Limited (brand name Upstox) is the distributor of the mutual fund. Mutual fund investments are subject to market risks; please read all the related documents and/or consult your investment advisor before investing. Past performance of an investment asset does not guarantee future returns.
Mutual fund investments are subject to market risks, read all scheme related documents carefully.