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Sunday, October 20, 2019

ADITYA BIRLA SUN LIFE BANKING ETF NFO


Aditya Birla Sun Life Mutual Fund launches Aditya Birla Sun Life Banking ETF
(An open ended exchange traded fund tracking Nifty Bank Index)

NFO opens on October 16, 2019, closes on October 22, 2019

Aditya Birla Sun Life AMC Limited, a subsidiary of Aditya Birla Capital Limited (a significant non-bank financial services’ conglomerate), and investment manager to Aditya Birla Sun Life Mutual Fund (ABSLMF) announced the launch of Aditya Birla Sun Life Banking ETF, an open ended exchange traded fund tracking Nifty Bank Index. Banking ETFs seek to exclusively mirror returns of a Bank Index and with it aim to provide more stability to an investor’s portfolio.The Nifty Bank Index constitutes the largest and the most liquid of Indian banking stocks. TheAditya Birla Sun Life Banking ETF offers investors an opportunity to invest in India’s strong banking companies.

Commenting on the launch, Mr A.  Balasubramanian, MD &CEO, Aditya Birla Sun Life AMC Limited said: “Nifty Bank has outperformed and been a lead sector performer compared to broader indices across all time frames. NPAs seem to have bottomed out for the sector and profits are expected to rise as reflected in the earnings estimate of CY2019 and CY2020. The government too has taken multiple steps to inspire market confidence and stimulate growth by way of liquidity infusion, corporate tax cut, PSU bank consolidation and recapitalization. These measures augur well for the banking sector and its performance. Aditya Birla Sun Life Banking ETF is a great addition to our bouquet of ETF offerings which already has Nifty, Nifty Next 50, Sensex & Gold ETFs”.

Mr A.  Balasubramanian,
 MD &CEO,
Aditya Birla Sun Life AMC Limited

ETFs are the funds listed and traded on stock exchanges like shares. Due to the unique structure of ETFs, all types of investors, whether retail or institutional, long-term or short-term, can use it to their advantage. Investors can complement their core equity portfolio with this kind of a financial instrument”, added Mr. Balasubramanian.

The Banking sector has seen more consistency in terms of growth in spite of the slowdown in the recent past.Banking sector is the lifeline of any economy and is the lead indicator of the broader market and when earnings make a turnaround, historically banking is typically the first sector to rebound.

A popular investment instrument internationally, Exchange Traded Funds (ETFs) are gaining ground in India as they offer a basket of benefits while retaining the familiarity of mutual funds. ETFs are the funds listed and traded easily on stock exchanges like any other stock on the stock exchanges. Simple structure, higher liquidity and ease of transaction have led to their popularity.

The fund will have zero entry or exit load and the units of the scheme can be bought or sold from the exchanges on all trading days at prevailing listed price. The minimum application amount for this fund is Rs. 5,000/-, and in multiples of Rs 1,000/- thereafter, during the New Fund Offerperiod. Aditya Birla Sun Life Banking ETF will be managed by Mr. Lovelish Solanki, Fund Manager, Aditya Birla Sun Life Mutual Fund.

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

About Aditya Birla Sun Life Mutual Fund

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 close to Rs.2540 billion for the quarter ended June 30th, 2019, 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). ABSLMF has an impressive mix of reach, a wide range of product offerings across equity, debt, balanced as well as structured asset classes, sound investment performance and over 7 million investor folios as of June 30th, 2019.

With a pan India presence across 300 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 (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

About Aditya Birla Capital Limited


Aditya Birla Capital Limited (ABCL) is the holding company for the financial services businesses of the Aditya Birla Group. With subsidiaries that have a strong presence across Protecting, Investing and Financing solutions, ABCL is a financial solutions group that caters to diverse needs of its customers across their life cycle. 

 Powered with more than 18,000 employees, the subsidiaries of ABCL have a nationwide reach with 850+ branches and more than 2,00,000 agents/channel partners and several bank partners.
                                                                                                                                                                   
Aditya Birla Capital is a part of the Aditya Birla Group, a USD 48.3 billion Indian multinational, in the league of Fortune 500. Anchored by an extraordinary force of over 120,000 employees, belonging to 42 nationalities, the Aditya Birla Group operates in 34 countries across the globe.

About Sun Life

Sun Life is a leading international financial services organization providing insurance, wealth and asset management solutions to individual and corporate Clients. 

Sun Life has operations in a number of markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong,  Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of June 30, 2019, 

Sun Life had total assets under management of $1,025 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 BANKING ETF NFO


Mutual Fund
Aditya Birla Sun Life Mutual Fund
Scheme Name
ADITYA BIRLA SUN LIFE BANKING ETF
Objective of Scheme
An Open ended exchange traded fund tracking Nifty Bank Index
Scheme Type
Open Ended
Scheme Category
Other Scheme - Other ETFs
New Fund Launch Date
16-Oct-2019
New Fund Earliest Closure Date
New Fund Offer Closure Date
22-Oct-2019
Indicate Load Seperately
Minimum Subscription Amount
5000
For Further Details Please Visit Website







Please Click here for Scheme Information Document


ADITYA BIRLA SUN LIFE BANKING ETF NFO Reviewed by Investment Guru on October 20, 2019 Rating: 5 Aditya Birla Sun Life Mutual Fund launches Aditya Birla Sun Life Banking ETF (An o pen ended exchange traded fund tracking Nifty Bank I...

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