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  1. Aditya Birla Sun Life AMC declares IDCW for Nifty 50 Index Fund, revises fund management roles

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Aditya Birla Sun Life AMC declares IDCW for Nifty 50 Index Fund, revises fund management roles

SUMMARY

Aditya Birla Sun Life AMC has announced IDCW for its Nifty 50 Index Fund and introduced changes in key personnel and fund management responsibilities across multiple schemes.

aditya birla sun life amd idcw

Aditya Birla Sun Life AMC has announced multiple key changes across its mutual fund operations. | Image: Shutterstock.

Aditya Birla Sun Life AMC has announced multiple key changes across its mutual fund operations, including declaration of Income Distribution cum Capital Withdrawal (IDCW), changes in key personnel, and reassignment of fund management responsibilities for several schemes.
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The Trustees of Aditya Birla Sun Life Mutual Fund have approved Friday, May 15, 2026, as the record date for declaration of IDCW under the Aditya Birla Sun Life Nifty 50 Index Fund, subject to the availability of distributable surplus. The quantum of IDCW on the face value of Rs 10 per unit has been fixed at Rs 0.4930 under the Regular Plan and Rs 0.5109 under the Direct Plan.

In a separate notice-cum-addendum, the AMC informed investors about changes in its key personnel structure with effect from May 13, 2026. Pavas Pethia has been designated as Fund Manager and Senior Analyst, while Kartikeya Singh has been appointed as Fund Manager and Analyst. Additionally, Jayesh Khilnani has joined the AMC as Analyst – Equity with effect from May 12, 2026.

The company has also reassigned fund management responsibilities for several schemes, including Aditya Birla Sun Life Business Cycle Fund, Manufacturing Fund, ESG Integration Strategy Fund, Dividend Yield Fund, Transportation and Logistics Fund, Quant Fund, and Retirement Fund – The 40’s Plan.

The AMC clarified that the relevant updates will be reflected in the Statement of Additional Information (SAI), Scheme Information Document (SID), and Key Information Memorandum (KIM) of the affected schemes. All other terms and conditions of the schemes will remain unchanged.

These changes are part of the AMC’s ongoing efforts to strengthen fund management capabilities and streamline operational structures across its mutual fund offerings.

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Disclaimer: The information contained in this article is for informational purposes only and does not represent investment advice from Upstox. Investment decisions should be made based on independent research or consultation with a registered financial advisor. Past performance is not indicative of future results.

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