Aditya Birla Sun Life Mutual Fund Introduces Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund
   May 19, 2021

Aditya Birla Sun Life Mutual Fund has launched an open-ended equity index scheme - Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund.

The scheme will be replicating/tracking Nifty 50 Equal Weight TR Index.

The investment objective of Aditya Birla Sun Life Nifty 50 Equal Weight index Fund is to provide returns that closely correspond to the total returns of securities as represented by Nifty 50 Equal Weight TR Index, subject to tracking errors. The Scheme does not guarantee/indicate any returns. There can be no assurance that the schemes’ objectives will be achieved.

Aditya Birla Sun Life Nifty 50 Equal Weight index Fund is mandated to invest 95% to 100% of its total assets in Equity & Equity related securities constituting the Nifty 50 Equal Weight Index. The scheme may also hold 0% to 5% of its assets in Debt and Money Market Instruments.

Money market instruments include commercial papers, commercial bills, treasury bills, Government securities having an unexpired maturity upto one year, call or notice money, certificate of deposit, usance bills, Tri-party Repo on Government securities or treasury bills (TREPS) and any other like instruments as specified by the Reserve Bank of India from time to time.

As per the Scheme Information Document, Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund will follow passive investment strategy and will invest not less than 95% of its corpus in stocks comprising the underlying index and endeavour to track the benchmark index while minimizing the tracking error.

The AMC does not make any judgments about the investment merit of Nifty 50 Equal Weight TRI nor will it attempt to apply any economic, financial or market analysis. The scheme would also aim to maintain least amount of cash & equivalents in order to manage its liquidity requirements.

Aditya Birla SL AMC may, from time to time, review and modify the Scheme’s investment strategy if such changes are considered to be in the best interests of the unit holders and if market conditions warrant it.

Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund’s performance will be benchmarked against Nifty 50 Equal Weight (Total Return Index).

The fund will be managed by Mr Lovelish Solanki.

The NFO opens for subscription on May 19, 2021, and closes on June 02, 2021. The scheme will reopen for continuous sale and repurchase within 5 business days from the date of allotment.

The minimum subscription amount is Rs 500 and in multiples of Re 1 thereafter.

The fund offers Regular Plan and Direct Plan having Growth Option and Income Distribution cum capital withdrawal (IDCW) Option.

Daily Wealth Letter


Fund of The Week


Knowledge Center


Money Simplified Guides (FREE)


Mutual Fund Fact Sheets


Tools & Calculators