Aditya Birla Sun Life Mutual Fund has collected ₹166 crore through its Aditya Birla Sun Life Retirement Fund. The NFO attracted investors from 241 locations across the country. Launched on February 19, the NFO was open for two weeks and garnered 23,743 applications of which 42 per cent were from beyond Top-30 cities.
Close to 40 per cent of the applications have come through the SIP route, with a significant portion of it in Century SIP, which comes with free life cover. The fund has also added over 7,000 new customers to its existing investor base.
A Balasubramanian, CEO, Aditya Birla Sun Life AMC, said the most interesting insight coming from the NFO is that the maximum applications have come for the 30s plan.