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Thursday, February 21, 2019

Aditya Birla Sun Life Retirement Fund - Suit various age groups


 Aditya Birla Sun Life Mutual Fund launches Aditya Birla Sun Life Retirement Fund
An open-ended retirement solution oriented scheme having a lock-in of 5 years or till retirement age (whichever is earlier)

Key Highlights

·         NFO opens on February 19, 2019 and closes on March 5, 2019
·         Comes with four investment plans to suit various age groups
·         Step-up facility to increase SIP installment at predefined intervals
·         SWP facility allows investors  to receive income at fixed intervals, subject to lock-in period; SIP and STP (subject to lock-in period) facilities are also available
·       The fund has no exit load

Aditya Birla Sun Life AMC Limited, a subsidiary of Aditya Birla Capital Limited, and investment manager to Aditya Birla Sun Life Mutual Fund (“ABSLMF”), has launched the Aditya Birla Sun Life Retirement Fund, an open-ended retirement solution oriented scheme for investors. The fund has a lock-in period of minimum five years or till retirement age, whichever is earlier.

The fund aims to help investors plan their retirement efficiently with four asset allocation plans to suit various age groups and different risk profiles of an individual. This is a solution oriented scheme and will help an investor plan his retirement smoothly, through the various phases of financial planning.

Commenting on the launch, Mr. A. Balasubramanian, CEO, Aditya Birla Sun Life AMC, said: “Aditya Birla Sun Life Retirement Fund provides investors an investment solution to plan their retirement from as early as in their 30s to factor in the rising cost of living.  Efficient retirement planning is extremely important to manage future expenses and an investment option like this will help one spend the golden years of your life in peace.”

The fund offers four investment options designed as per suitability of various age groups and includes – The 30s plan with 80-100 % of the corpus invested in equity and equity related instruments and the rest in debt and money market instruments. The 40s plan has a flexible equity exposure between 65-80% and the 50s plan has a flexible debt exposure in the range of 75-100%. In addition to these, there is a 50s Plus Debt Plan for those nearing retirement age, which invests up to 100% in debt and money market instruments.

The fund will be managed by Ajay Garg and Pranay Sinha and has no exit load.





Mutual Fund investments are subject to market risks, read all scheme related documents carefully.


About Aditya Birla Sun Life Mutual Fund, an Aditya Birla Capital Company

Established in 1994, Aditya Birla Sun Life Mutual Fund (ABSLMF), is co-sponsored by Aditya Birla Capital Limited (ABCL) and Sun Life (India) AMC Investments Inc.

Having total domestic assets under management (AUM) of over Rs. 2500 billion for the quarter ended September 30th, 2018, ABSLMF is one of the leading Fund Houses in India based on domestic average AUM as published by the Association of Mutual Funds of India (AMFI). An impressive mix of reach, a wide range of product offerings across equity, debt, balanced as well as structured asset classes and sound investment performance has helped the company garner around 6.6 million investor folios as of 30th September 2018.

With a pan India presence across 249 locations, ABSLMF is committed to deepening mutual fund penetration in the country. The company is ceaselessly working to enhance the appeal of mutual funds across a wider set of investors and advisors across India. Part of this effort includes introducing smart solutions, user-friendly services and conveniences which simplify mutual fund processes with digitization for both – investors as well as distribution partners. ABSLAMF provides sector specific equity schemes, fund of fund schemes, hybrid and monthly income funds, debt and treasury products and offshore funds.

Company Information: Aditya Birla Sun Life AMC Limited (formerly known as Birla Sun Life Asset Management Company Limited, Investment Manager for Aditya Birla Sun Life Mutual Fund) One India Bulls Centre, Tower 1, 17th Floor, Jupiter Mill Compound, 841, S.B. Marg, Elphinstone Road, Mumbai - 400 013. Tel.: 4356 8000. Website: www.adityabirlacapital.com. CIN: U65991MH1994PLC080811

Aditya Birla Capital Limited (ABCL), is the holding company of all the financial services businesses of the Aditya Birla Group. With a strong presence across the life insurance, asset management, private equity, corporate lending, structured finance, project finance, general insurance broking, wealth management, equity, currency and commodity broking, online personal finance management, housing finance, pension fund management and health insurance business, ABCL is committed to serving the end-to-end financial services needs of its retail and corporate customers. Anchored by more than 16,500 employees, ABCL has a nationwide reach and more than 2,00,000 agents / channel partners.

Aditya Birla Capital, through its subsidiaries and joint ventures, manages aggregate assets worth Rs. 3,105 billion and has a lending book of Rs. 579 billion as of September 30th, 2018.

About Sun Life Financial

Sun Life Financial is a leading international financial services organization providing insurance, wealth and asset management solutions to individual and corporate Clients. Sun Life Financial has operations in a number of markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of September 30, 2018, Sun Life Financial had total assets under management of $984 billion. For more information please visit www.sunlife.com.

Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF.


Aditya Birla Sun Life Retirement Fund - Suit various age groups Reviewed by S Chitra on February 21, 2019 Rating: 5   Aditya Birla Sun Life Mutual Fund launches Aditya Birla Sun Life Retirement Fund An open-ended retirement solution oriented scheme hav...

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