SUBSCRIBE NEWSLETTER
  • Change Language
  • English
  • Hindi
  • Marathi
  • Gujarati
  • Punjabi
  • Tamil
  • Telugu
  • Bengali
  • NFO News Aditya Birla Sun Life Resurgent India Fund – Series 6 collects Rs.628 crore during NFO

    Aditya Birla Sun Life Resurgent India Fund – Series 6 collects Rs.628 crore during NFO

    The scheme received a total application of 56,431.
    Team Cafemutual Apr 2, 2018

    Aditya Birla Sun Life Resurgent India Fund – Series 6 has collected Rs.628 crore in its NFO. It was open for subscription from February 21 to March 7. The scheme received a total application of 56,431. The scheme has a tenure of 3.5 years.

    A. Balasubramanian, CEO, Aditya Birla Sun Life Mutual Fund said, “The fund is structured to benefit from the resurgence in rural economy. It focuses on sectors that will benefit directly or indirectly, from the Government’s thrust on economic recovery in rural India.”

    “The interest generated by this fund is a great sign of increasing interest from the retail investor to benefit from the growth of the Indian economy. It is especially encouraging to note that 58% of interest generated came from B15 markets,” he added.

    The scheme will invest at least 80% in equities and the rest in money market and debt instruments. S&P BSE 500 will be the benchmark and Satyabrata Mohanty and Milind Bafna will manage the scheme.

     

     

    Have a query or a doubt?
    Need a clarification or more information on an issue?
    Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com

    Click to clap
    Disclaimer: Cafemutual is an industry platform of mutual fund professionals. Our visitors are requested to maintain the decorum of the platform when expressing their thoughts and commenting on articles. Viewers are advised to refrain from making defamatory allegations against individuals. Those making abusive language or defamatory allegations will be blocked from accessing the web site.
    0 Comment
    Be the first to comment.
    Login or Sign up to post comments.
    More than 2,07,000 of your industry peers are staying on top of their game by receiving daily tips, ideas and articles on growth strategies. Join them and stay updated by subscribing to Cafemutual newsletters.

    Fill in the below details or write to newsdesk@cafemutual.com and subscribe to Cafemutual Newsletter now.