Fund Facts
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Name of Fund:Aditya Birla Sun Life Multi - Index FOF
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Opening:26th September 2022
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Closing:10th October 2022
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Scheme Type:Open Ended FoF Domestic
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Minimum Investment:Rs. 100/- and in multiples of Re. 1/- thereafter
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Plan:Regular and Direct
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Options:Growth and IDCW
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Entry Load:Nil
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Exit Road:0.5% of NAV if redeemed or switched out on or before 15 days
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Thereafter:Nil
Fund Stats
Objective
The primary objective of the Scheme is to generate capital appreciation by investing in passively managed instruments such as ETFs and Index Funds of equity and equity related instruments (domestic index funds & ETFs as well as overseas ETFs), fixed income securities, Gold / Silver.
Benchmark:
BSE 500
Fund Manager:
Lovelish Solanki
Asset Allocation
95-100%
Units of ETFs and Index Funds
upto 5%
Money Market
Comparable existing schemes
| Franklin India Multi - Asset Solution Fund | -0.56(6M) | 0.95(1Y) |
| HDFC Asset Allocator Fund of Funds | 3.90(6M) | 5.55(1Y) |
Fund Prognosis
Idea Distiller
Let’s have a product that will have everything and sell it as a magic potion. An extremely difficult to manage idea with every asset class thrown in.
Fund House AAUM:
Rs. 28218335.96 Lakhs (as on 30th June 2022)
Fund Manager:
Experience of above 12 years
Scheme DNA 4 fundamentals
- UNIQNESS
- RETURN
- RISK
- OPERABILITY
OOMP Factor
There is titillation and I am sure it is only that. Trust me, so many fall for this. A khichdi can be good but it will never be a biryani. I will avoid. So should you.