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Aditya Birla Sun Life Mutual Fund launches ABSL Fixed Term Plan Series – QC (1116 days)

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Mumbai / Chennai, June 08, 2018: Aditya Birla Sun Life AMC Limited (formerly known as
Birla Sun Life Asset Management Company Ltd.), a subsidiary of Aditya Birla Capital Limited
(formerly known as Aditya Birla Financial Services Ltd.), and investment manager to Aditya
Birla Sun Life Mutual Fund (ABSLMF) announced the launch of the ABSL Fixed Term Plan
Series – QC (“the scheme”), a close-ended income scheme with tenure of 1116 days, from
and including the date of allotment. The New Fund Offer (NFO) is open for subscription from
June 06 – June 11, 2018 with price of units of the scheme at face value of Rs.10 per unit.

A Fixed Term Plan (FTP) enables investors to get the indexation benefit from investments
over a 3 year period, thus reducing the tax outgo. FTPs predominantly invest in corporate
bonds of diverse credit ratings and hence, across sectors that lowers risk owing to
diversification and may as well contribute towards optimization of portfolio gains.

Speaking on the launch of the scheme, A. Balasubramanian, CEO, Aditya Birla Sun Life
AMC Limited said,“We believe this is an opportune time for investors to lock in their gains
with bond yields having risen across tenors and rating profiles such that they are trading at
attractive absolute levels. As the scheme has buy and hold strategy, predictability of return is
also relatively easy. And adjusted for tax the scheme provides the best alternative to
traditional savings instruments.”
The scheme will have Regular Plan and Direct Plan with a common portfolio and separate
NAVs. Each of the Regular and Direct Plan under the scheme will have Growth Option, and
Dividend Option (Normal Dividend and Quarterly Dividend sub-option) with Payout Facility.
The Scheme is benchmarked against CRISIL Composite Bond Fund Index and will be
managed by Mr. Mohit Sharma, Fund Manager, Aditya Birla Sun Life Mutual Fund.

The scheme aims to generate superior risk-adjusted returns on a consistent basis through a
research driven investment approach in line with the investment objective of the scheme.
The endeavour of the Fund Manager will be to allocate assets of the scheme between
various debt and money market instruments maturing on or before the duration of the
scheme. The actual percentage of investment in various fixed income securities will be
decided after considering various factors like the prevailing interest rate and inflation
scenario, performance of corporate sector, general liquidity and other considerations.

The AMC will calculate and disclose the first NAV(s) of the scheme not later than 5 (five)
Business days from the date of allotment. Thereafter the NAV will be calculated and
disclosed for every Business Day. No redemption or repurchase will be permitted prior to
maturity of the Scheme. The scheme will be listed on NSE and/or any other recognized
stock exchanges as may be decided by AMC from time to time and the Unitholders who wish
to redeem units may do so through Stock Exchange at prevailing listed price on such Stock
Exchange.

 

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