· Aditya Birla Sun Life Multi-Index Fund of Funds is an open-ended fund of funds, investing in ETFs and Index Funds
· Aditya Birla Sun Life Multi-Index Fund of Funds to invest across passively managed domestic & international equity, debt and gold & silver
India, September 28, 2022: Aditya Birla Sun Life AMC Limited, a subsidiary of Aditya Birla Capital Limited and an investment manager to Aditya Birla Sun Life Mutual Fund, has announced the launch of a Multi-Index Fund of Funds (FoF) NFO, an open-ended fund of funds that invests in ETFs and Index Funds.
A fund of funds invests in units of another mutual fund scheme and a multi-index fund of funds will invest 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.
With the launch of this fund of funds, we address some of the questions investors may have, before making a sound investment decision.
Which mutual fund scheme to invest in? Is it the right time to invest? What is the cost? Is it tax efficient? Which stocks/sectors to invest in? Which asset class to invest in?
A multi-index fund of funds is a credible solution to these pain points. An in-house model determines optimal asset allocation to invest in the most apt themes across the industry. Equity exposure can help provide growth and diversification, debt can help provide stability while gold and silver can act as a hedge against any macro risk. All of this is at a low cost due to investments in passive funds.
The Aditya Birla Sun Life Multi-Index FoF will be available for subscription from 26th September 2022 to 10th October 2022.
Commenting on the launch, Mr A. Balasubramanian, Managing Director & CEO, Aditya Birla Sun Life AMC Limited said, “ Our multiple funds help investors take exposure in various stocks/sectors while our fund of funds will help investors to select among the many schemes available at the same time. A multi-index fund of funds, therefore, is a simple, all-weather solution providing flexibility to the money manager to invest in passively managed ETFs and Index Funds across asset classes ranging from equity to debt to precious metals. The fund of funds provides the convenience of investing at a reasonable cost and is tax efficient.”