Aditya Birla Sun Life Mutual Fund has collected over Rs. 2,200 crore during the NFO of Aditya Birla Sun Life Business Cycle Fund, an open ended thematic equity scheme.
In a press release, the fund houses said that it has received more than 1.17 lakh applications.
A Balasubramanian, MD & CEO, Aditya Birla Sun Life MF said, “Courtesy its strong value proposition, Aditya Birla Sun Life Business Cycle Fund has attracted over 1,17,800 applications, covering more than 10,500 pin codes across T30, B30 and emerging markets. A collection of over Rs 2,200 crore makes it one of the largest fund within this category of thematic schemes. Importantly, this collection has come in through a diversified channel – which is a reflection of our strong distribution network. We thank all our partners in making this a successful launch.”
