Aditya Birla Sun Life Mutual Fund has launched ABSL Nifty India Defence Index Fund, an open-ended index mutual fund replicating the Nifty India Defence Total Return Index.
• The scheme aims to provide returns that correspond to the total returns of securities in the defence sector.
• Investors can invest a minimum of ₹500 and in multiples of ₹100 thereafter.
• The scheme has both regular and direct plans with growth and income distribution cum capital withdrawal options.
• The scheme will be benchmarked to the performance of Nifty India Defence Total Return Index and will invest primarily in equity and equity-related securities of defence companies.
