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Aditya Birla Sun Life Mutual Fund has collected close to Rs.200 crore during the NFO of Aditya Birla Sun Life US Treasury Bond US-Treasury Bond ETFs Fund of Funds.
Over 7000 investors have invested during the NFO which was open for subscription from October 16 to October 30, 2023, said the fund house.
In a press release, A. Balasubramanian, MD & CEO, Aditya Birla Sun Life AMC, said, " The Federal Reserve is unlikely to hike rates going forward and any increase in yields should be looked upon as an opportunity to buy US treasuries as rate cuts to start from end of next year or early 2025. I firmly believe this passive offering is an excellent tactical opportunity to diversify your investments in US denominated assets."
