Comments
Aditya Birla Sun Life AMC has collected ₹1,574 crore through its recently launched Multi Asset Allocation Fund.
The open-ended scheme which invests in equity, fixed income, gold/silver, and REITs, has attracted investor interest from over 70,000 investors. The NFO closed last month.
The multi asset allocation category has emerged as a popular investment option for investors seeking asset class diversification along with a stable investment solution.
Also read: Bank of India Tax Advantage Fund: Why you must invest in it
The equity portion of 65-80 per cent in the portfolio will follow a flexi cap approach with large cap bias across sectors. Fixed income of 10-25 per cent portfolio will largely use accrual strategy and commodities will account for 10-25 per cent.
A Balasubramanian, Managing Director, Aditya Birla Sun Life AMC said market volatility can be a challenge for investors and that multi-asset investing provides a stable solution.
The fund’s portfolio construction is unique and has a high focus on quality and growth-oriented companies that have high RoEs, low leverage and generate cash from operations. It’s an all-in-one fund that invests in fixed income, gold and silver along with equity, he added.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.