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Aditya Birla Sun Life MF has launched Aditya Birla Sun Life Conglomerate Fund, an open-ended diversified equity fund which will invest in businesses of large conglomerates like Ambani, Adani, Birla and Tata.
Conglomerates are combinations of business entities which operate in different industries under the same corporate group. The fund aims to invest in groups domiciled in India with at least two listed companies across different sectors.
The fund house also said that the investment universe of the fund includes 169 companies in 22 sectors that represents 33% of the BSE market cap. This includes 36 large-cap, 30 mid-cap and 103 small cap stocks.
A Balasubramanian, MD & CEO, Aditya Birla Sun Life MF said, "In India, conglomerates have played a pivotal role in driving the nation's industrial revolution, forming the backbone of its economic progress. Defined by resilience, multi-generational legacies, and a remarkable capacity for innovation across diverse industries, these businesses have consistently adapted to market cycles, created diversified cash flows, and spearheaded investments in emerging sectors like green energy and digital ecosystems. The Aditya Birla Sun Life Conglomerate Fund offers investors a unique opportunity to harness the growth potential of these enduring enterprises, aligning with their robust performance and strategic foresight to build wealth in a dynamic economy.”
