Investment of 169 companies in 22 sectors: Aditya Birla Sun Life Conglomerate Fund
Minimum investment: ₹100 for lump sum and SIP
Aditya Birla Sun Life (ABSL) Mutual Fund 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 2 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.
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.
NFO closes on 2024 December 19.
Continuous sale and repurchase will begin within five business days after allotment.
Investment details
Objective: Long-term capital appreciation by investing in equity and related securities of companies adhering to the conglomerate theme.
Benchmark: BSE Select Business Groups Index.
Fund Managers: Harish Krishnan and Kunal Sangoi.
Asset allocation
80-100%: Equity and related instruments within the conglomerate theme.
0-20%: Equity outside the theme.
0-20%: Debt and money market instruments.
0-10%: Units of REITs & INVITs.
Minimum investment
Minimum investment: ₹100 for lump sum and SIP, in multiples of ₹1 thereafter.
Minimum redemption amount: ₹1.
Active investment strategy
The scheme actively invests in companies forming part of India's top conglomerates, leveraging their diverse portfolios and strong market presence to generate returns.
This fund is suitable for investors aiming for long-term capital growth and those interested in the conglomerate theme.
The NFO provides a unique opportunity for investors to diversify their portfolios by tapping into the growth potential of leading business groups in India.
However, it's always better to consult a financial advisor before making any financial decisions.
Exit Load: 0.50% if redeemed or switched within 90 days. Nil after 90 days.
For invest and more details contact
S. Karthikeyan, Founder - Mentor
WINWORTH, https://winworthwealth.com/
OFFICE:
10-B, 1st Floor, Tharamani 100 Feet Road, Baby Nagar, Velachery, Chennai - 600042
+91 98409 36032 / 044 42180009
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