Aditya Birla Sun Life AMC Limited launches Aditya Birla Sun Life Resurgent India Fund – Series 5, a close-ended equity scheme with tenure of 3.5 years from and including the date of allotment.
Speaking on the launch of the scheme, A. Balasubramanian, CEO, Aditya Birla Sun Life AMC Limited said, “With markets geared to deliver growth, our NFO invites investor participation in a focused portfolio of handpicked winners across sectors that will benefit the most from GST and the Government’s thrust on scaling India’s Infrastructure. It looks to provide investors a good opportunity to benefit from companies which stand to appreciate in the long run, and gain from the turnaround in the Indian economy over the 3.5-year horizon.”
The fund aims to generate capital appreciation by investing primarily in equity and equity-related securities, that are likely to benefit from recovery in the Indian economy. As part of the investment strategy, scheme will book profits at opportune moments to take advantage of the volatility in the market. The Scheme may also invest a small portion of its corpus in fixed income securities including money market instruments to manage its liquidity requirements.
The Scheme is benchmarked against S&P BSE 200 and will be managed by Jayesh Gandhi, Senior Portfolio Fund Manager, Aditya Birla Sun Life Mutual Fund and Chanchal Khandelwal, Fund Manager, Aditya Birla Sun Life Mutual Fund.
