ABSL MF collects close to Rs.1600 through its multi asset allocation fund NFO

Aditya Birla Sun Life AMC has received Rs.1574 crore from the NFO of Aditya Birla Sun Life Multi Asset Allocation Fund. Over 70,000 investors have invested in the fund during its NFO.

This open-ended scheme will invest in equity, fixed income, gold/silver and REITs. 

In a press release, A. Balasubramanian, MD & CEO, Aditya Birla Sun Life MF said, “Market volatility can be a challenge for investors; however, the fund is the way forward for investing and provides a stable investment solution. It’s an all-in-one fund that invests in fixed income, gold and silver along with equity.”