ABSL FTP – Series TF – 1098 days
ABSL FTP – Series TF – 1098 days
Aditya Birla SL Mutual Fund plans to introduce an FTP plan in the coming month. The name of the FTP remains ABSL FTP – Series TF – 1098 days. Further, it is a close-ended income scheme. The scheme will open for subscription on April 15th, 2021. During the offer period, the offer of units of Rs. 10/- each.
Further, the subscription period will end on April 22nd, 2021. The product is suitable for investors who seek income with capital growth over the long-term.
Investors understand that their principal will be at moderate risk. Besides, the NFO will have a tenure of 1098 days and including the date of allotment.
Further, the MF house may allow investors the flexibility to switch their investments from any other scheme managed by MF.
Basic Details of Fixed Term Plan:
| NFO Name | ABSL FTP – Series TF – 1098 days |
| Subscription Period | April 15th, 2021 – April 22nd, 2021 |
| NFO Type | A close-ended Income scheme |
| Benchmark |
CRISIL Composite Bond Fund Index
|
| Fund Mark | Mohit Sharma |
Also, the FTP available in direct and regular plans along with growth and dividend options (payout facility).
Investment Objective:
The ABSL MF scheme seeks to generate income by investing in a portfolio of fixed income securities maturing on or before the duration of the scheme.
Minimum Investment:
Besides, during the NFO period, the minimum application amount will be Rs. 1,000 and in multiples of Rs. 10/- thereafter.
Further, the entry and exit load do not apply under the scheme.
Asset Allocation Pattern:
| Instruments | Normal Allocation (% of Total Assets) | Risk Profile | |
| Minimum | Maximum | ||
| Debt Securities including Government Securities and State Development Loans | 70 | 100 | Low to Medium |
| Money Market Instruments | 0 | 30 | Low to Medium |
Disclaimer: This article offers just information regarding the scheme. It does not provide any advice or investment tips to investors. MF investments are fixed to market risk. Please consult your financial advisor before investing.