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Aditya Birla Sun Life Mutual Fund launches India’s second Defence Index Fund
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3 min read | Updated on August 09, 2024, 19:16 IST
SUMMARY
The Aditya Birla Sun Life Nifty India Defence Index Fund, launching on August 9, 2024, and closing on August 23, 2024, aims to mirror the Nifty India Defence Total Return Index. It offers investors a minimum subscription of ₹500 and targets long-term capital appreciation through equity investments in the defence sector.
Aditya Birla Sun Life Mutual Fund launches India’s second Defence Index Fund
Aditya Birla Sun Life Nifty India Defence Index Fund is an open-ended index fund offered by Aditya Birla Sun Life Mutual Fund. Launched on August 9, 2024, and closing on August 23, 2024, the fund aims to replicate the Nifty India Defence Total Return Index. Categorized under 'Other Scheme - Index Funds', it seeks to provide returns matching the index, excluding expenses. Investors can start with a minimum subscription of ₹500.
Aditya Birla Sun Life Nifty India Defence Index Fund
The investment objective of the Aditya Birla Sun Life Nifty India Defence Index Fund is to provide returns that, before expenses, correspond to the total returns of securities as represented by the Nifty India Defence Total Return Index, subject to tracking errors.
Risk-o-meter:
Funds Allocation
| Types of Instruments | Minimum Allocation (% of Net Assets) | Maximum Allocation (% of Net Assets) |
|---|---|---|
| Equity constituting the Nifty India Defence Index | 80 | 100 |
| Debt and Money Market | 0 | 20 |
Who should invest in this fund?
This NFO of the Aditya Birla Sun Life Nifty India Defence Index Fund is suitable for investors who are seeking long-term capital appreciation and investment in equity and equity-related instruments with a focus on navigating business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy.
Benchmark
The performance of the Aditya Birla Sun Life Nifty India Defence Index Fund will be benchmarked against the performance of the Nifty India Defence Total Return Index.
Peer Fund Schemes
| Scheme Name | AUM (Crore) | Expense Ratio (%) | CAGR since inception | 1 Year Returns |
|---|---|---|---|---|
| HDFC Defence Fund | 3665.95 | 0.7 | 94.50% | 100.80% |
| Motilal Oswal Nifty India Defence Index Fund | - | - | -12.86% | - |
Who Manages the Scheme?
Haresh Mehta
Haresh Mehta has over 17 years of experience in dealing with related activities. Before joining Aditya Birla Sun Life AMC Limited, he was associated with Baroda BNP Paribas Asset Management India Pvt. Ltd for over 4 years as a Dealer and Investment Support. He has also worked for over 11 years as a Trader in Institutional equities with First Global Stockbroking Pvt. Ltd.
Conclusion
The new Aditya Birla Sun Life Nifty India Defence Index Fund presents an opportunity for investors to gain exposure to the defence sector. With a minimum investment of ₹500, it offers potential long-term growth aligned with the Nifty India Defence Index.
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