Aditya Birla Sun Life MF launches a multi asset FoF that will invest in ETFs and index funds

Aditya Birla Sun Life AMC has launched Aditya Birla Sun Life Multi-Index Fund of Funds (FoF), an open-ended scheme.

The FoF will invest in domestic and international index funds and ETFs, fixed income securities, gold and silver.

The NFO of the FoF opens on September 26 and closes on October 10.

In a press release, A Balasubramanian, MD and CEO, Aditya Birla Sun Life MF said, "Our multiple funds help investors take exposure in various stocks/sectors while our fund of funds will help investors to select among the many schemes available at the same time. A multi-index fund of funds, therefore, is a simple, all-weather solution providing flexibility to the money manager to invest in passively managed ETFs and index funds across asset classes ranging from equity to debt to precious metals.”