Aditya Birla Sun Life Transport and Logistics Fund Received Investment From Over 50,000 Investors
Bangalore, November 29, 2023: Aditya Birla Sun Life AMC Limited (ABSLAMC), a subsidiary of Aditya Birla Capital Limited and investment manager for Aditya Birla Sun Life Mutual Fund, has collected nearly Rs 800 crore for its Aditya Birla Sun Life Transport and Logistics Fund during the NFO period from 27th October 2023 to 10th November 2023.
The open-ended, equity oriented thematic fund received an overwhelming response from 53,777 investors and has garnered a total of Rs 798.89 crore. The allotment date for the fund was 17th November 2023 and the fund reopened for subscription on 21st November 2023.
Transportation and logistics theme is vibrant and fast-growing. From low vehicular penetration, to rising income and aspirations and significant policy support this theme has robust growth drivers on both the demand and supply side. Well set up for investors to capitalise and build long-term wealth. It presents a wide investing universe, encompassing over 20+ industries and 200+ businesses.
The transportation theme includes sectors like automobiles and auto ancillary while logistics theme includes sectors like ports, warehousing/supply chain, e-commerce and allied sectors. The sectors common to both themes would be shipping, railways, infrastructure and airlines.
Commenting on the success of the NFO, A. Balasubramanian, Managing Director & CEO, Aditya Birla Sun Life AMC Ltd said, “We are delighted with the response we have received for our transport and logistics fund. This fund is a unique offering that captures the growth potential of the transportation and logistics sector, which is a key driver of the Indian economy. The fund aims to provide long-term capital appreciation by investing in companies that are well-positioned to benefit from the structural changes and emerging trends in the sector. We believe that this fund will offer a differentiated and diversified opportunity to our investors to participate in the economic recovery and growth story of India.”
