Aditya Birla Sun Life AMC has collected Rs. 166 crore during NFO of Aditya Birla Sun Life Retirement Fund, said a company press release.
The fund has attracted investors from 241 locations. Of the 23,743 applications received, 40% of the applications were SIPs said the press release.
The fund offers four investment plans (30s plan, 40s plan, 50s plan and 50s Plus Debt Plan) based on different age groups for investors. The fund offers highest equity allocation in 30s plan and decreases the equity exposure as age of the individual increases.
A. Balasubramanian, CEO, Aditya Birla Sun Life AMC, said, “The most interesting insight coming from Aditya Birla Sun Life Retirement Fund is that the maximum applications have come for the 30s plan. This is a clear indication of the maturity of investors who understand the importance of long term financial planning at an early age and are ready to stay on course through disciplined investments.”
After 30s plan the next highest investment came in the all debt 50s plan, which has been designed for retirees said the press release.