Aditya Birla Sun Life Mutual Fund has launched a new Open Ended Growth scheme named "Aditya Birla Sun Life Special Opportunities Fund" with maturity period of 0 days from the launch date.
The New Fund Offer (NFO) price for the scheme is Rs 10.00 per unit, which will open for subscription from Oct 05 to Oct 19, 2020.
According to the offer document filed with SEBI, the entry load is Nil and exit load is 0.50.
The minimum application amount is Rs 500.00 and in multiples of Rs 1 thereafter. The options available under the plan of the scheme are Dividend, Growth.
The fund manager of the scheme will be Anil Shah, while the performance of the scheme will be benchmarked against S&P BSE 500 Total Return.
The investment objective of the Scheme is to provide long term capital appreciation by investing in opportunities presented by special situations such as corporate restructuring, Government policy change and/or regulatory changes, companies going through temporary but unique challenges and other similar instances. The Scheme does not guarantee/indicate any returns. There can be no assurance that the schemes objectives will be achieved.