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Aditya Birla Sun Life Nifty Midcap 150 Index Fund NFO - Investment Objective, Returns, Taxation, SIP

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Manish Kothari
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Aditya Birla Sun Life Nifty Midcap 150 Index Fund NFO

Aditya Birla Sun Life Mutual Fund has announced the launch of Aditya Birla Sun Life Nifty Midcap 150 Index Fund. The scheme would be investing its assets in the securities composition of the Nifty Midcap 150 index.

The New Fund Offer (NFO) starts from 15th March 2021 and will end on 26th March 2021. The fund will reopen for continuous sale and repurchase within 5 business days of allotment. The date of unit allotment is 01st April 2021.

Investment Objective 

The investment objective of the scheme is to provide long-term capital growth by generating returns closely corresponding to the returns generated by the Nifty Midcap 150 Index, less any tracking errors.

Features

  • The fund will be investing a minimum of 95% of its assets in the securities representing the Nifty Midcap 150 Index.
  • It aims to generate returns for investors by replicating or tracking the Nifty Midcap 150 Index.
  • The fund may also have a small exposure to debt and money market instruments to maintain liquidity.
  • The fund will have a low expense ratio as it is a passive/Index fund.

Benefits of Aditya Birla Sun Life Nifty Midcap 150 Index Fund

  • Sunrise Sectors: The Fund offers exposures to stocks or companies operating in high-growth sectors.
  • Mid-cap companies to benefit from economic recovery: It will offer exposure to midcap companies or stocks that can benefit from the fiscal or policy incentives.
  • Hassle-free investing: It is an index fund which limits the risk of active stock selection.

Why invest in Aditya Birla Sun Life Nifty Midcap 150 Index Fund?

  • The fund provides exposure to companies in the high-growth sectors.
  • These sectors can show good growth in developing economies like India.
  • Midcap stocks are generally in their growth phase and the midcap index provides exposures to such high growth companies that may not be available in the large-cap space.
  • Investors will get exposure to a diversified portfolio of all the 150 midcap companies comprising the Nifty Midcap 150 Index with low minimum investments.
  • Offers an opportunity to invest in midcap stocks that have the potential to become the next large-caps.

Who Should Invest?

This scheme is suitable for investors who are -

  • Interested in long-term capital growth.
  • Interested in investments in high-growth companies.
  • Interested in investments in Midcap companies that have the potential to become large-caps in the coming years.
  • Recommended for investors with an investment horizon of 5 years & above.

Asset Allocation Pattern

InstrumentsMinimum % of total assets (Indicative)Maximum % of total assets (Indicative)Risk Profile
Equity and Equity related securities representing the Nifty Midcap 150 Index95%100%Moderate to High 
Debt securities and Money Market Instruments0%5%Low to Moderate

About the Scheme

Name of the fundAditya Birla Sun Life Nifty Midcap 150 Index Fund
Fund launched byAditya Birla Sun Life Mutual Fund 
Asset Management CompanyAditya Birla Sun Life AMC Limited
Type of schemeAn open-ended index fund tracking or replicating the Nifty Midcap 150 TR Index
Investment ObjectiveThe investment objective of the scheme is to generate long-term capital growth by replicating or tracking the Nifty Midcap 150 Index and generating similar to index returns, less tracking errors.
BenchmarkNifty Midcap 150 TRI
Entry LoadNot Applicable
Exit Load

0.5% of applicable NAV - If units are redeemed or switched out within 90 days.

Nil - If units are redeemed or switched out after 90 days.

Minimum Application Amount ₹ 500 & in multiples of ₹ 1 thereafter
Minimum Additional Amount₹ 500 & in multiples of ₹ 1 thereafter
STP, & SWPAvailable
Plans Available
  • Regular
  • Direct
Options
  • Growth
  • Dividend Payout
  • Dividend Reinvestment
Fund ManagersMr. Lovelish Solanki

SIP Details

Type Minimum InstallmentsMinimum Amount
Weekly SIP₹500 & in multiples of ₹1 thereafter
Monthly SIP₹500 & in multiples of ₹1 thereafter

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