ABSL Multi-Cap Fund Details
Aditya Birla SL MF launches ABSL Multi-Cap Fund on April 19, 2021. The scheme is suitable for investors who are seeking long-term capital growth and income. It is an open-ended equity scheme investing across large-cap, mid-cap & small-cap stocks.
As of the risk-o-meter, the investors principal investment should be at very high risk. The new fund offer will close on May 3rd, 2021. Further, the scheme will re-open within 5 business days from the date of allotment.
During the offer period, the offer of units of Rs. 10 each and continuous offer for units at NAV based prices.
Basic Details of NFO:
|NFO Name||ABSL Multi-Cap Fund|
|Subscription Period||April 19, 2021 – April 30, 2021|
|NFO Type||Open-Ended Equity Scheme|
|Benchmark||Nifty 500 Multi-cap 50:25:25 TRI|
|Fund Manager||Mahesh Patil, Dhaval Shah|
The objective of the scheme is to achieve long term growth of capital, at commensurate levels of risk through diversified research-based investment in Large, Mid & Small cap companies.
During the NFO period, the minimum application amount should at Rs. 500 and in multiples of Re. 1 thereafter. Besides, the additional purchase amount of Rs. 500 and in multiples of Re. 1 thereafter.
Further, investors who make a fresh investment should invest a minimum of Rs. 500 and Re. 1 thereafter.
Entry load not applicable under the scheme. Besides, in respect of each purchase/switch-in of Units, an Exit Load of 1.00% is payable if Units are redeemed/switched out within 1 year from the date of allotment.
Asset Allocation Pattern:
|Instruments||Indicative allocations (% of net assets)||Risk Profile|
|Equity & Equity related instruments across large, mid and small cap companies||80%||100%||High|
|Debt and Money Market Instruments||0%||20%||Low to Medium|
Disclaimer: This post is just information about the scheme. It does not give any advice or recommendation. Please read the offer document carefully and consult your investment adviser before investing.