Aditya Birla Sun Life Mutual Fund has collected Rs.409 crore from the NFO of Aditya Birla Sun Life Special Opportunities Fund, an open-ended equity scheme following special situations theme. The fund house has attracted investors from 362 locations with over 44,000 applications.
In a press release, A. Balasubramanian, MD & CEO, Aditya Birla Sun Life MF, said: “The interest received in this new fund is also a reflection of the growing appetite of equity investments in the country, further propelled by India’s potential of future growth. It must be noted that this is a thematic fund with a very unique and nuanced investment proposition, so it is encouraging to see this kind of participation and investor maturity. The timing of our launch was perfect, some of which we are already seeing play out in the markets and we believe there are several unique opportunities to leverage going forward.”
Events like change in management, business restructuring, mergers & acquisitions, government policy change, regulatory changes, disruption due to a new entrant, macro-economic changes, geo-political developments, global events etc., can create special situations in a market, business, sector or company and thus special opportunities for investment, said the fund house.
Anil Shah, Senior Fund Manager, ABSL MF manages this fund. The fund management team also includes Chanchal Khandelwal and Vinod Bhat.
