ABSL Fixed Term Plan – Series TG 1099 days
Aditya Birla Sun Life MF has launched a new fund offer on 23rs April 2021. It is a closed-ended income scheme. Further, the tenure of the scheme fixed at 1099 days. It will close for subscription on 29th April 2021. ABSL Fixed Term Plan may suitable for investors who seek income with capital growth over the long term.
Besides, the investors’ principal will be at moderate risk. The FMP scheme will available in direct and regular plans along with growth and IDCW options.
Basic Details of FMP:
| Fund Name | ABSL Fixed Maturity Plan Series TG 1099 days |
| Subscription Period | April 23, 2021 – April 29, 2021 |
| Fund Type | Closed-ended Income scheme |
| Benchmark | Crisil Composite Bond Fund Index |
| Fund Manager | Mohit Sharma |
| Category | Fixed Maturity Plans |
Investment Objective:
The FMP plan seeks to generate income by investing in a portfolio of fixed income securities maturing on or before the duration of the scheme.
Minimum Investment:
The minimum application amount should at Rs. 1,000 and in multiples of Rs. 10thereafter during the NFO period.
CRISIL Composite Bond Fund Index will play as a benchmark to the fixed maturity plan.
Coming to the load structures, the load structure does not apply under the scheme.
Asset Allocation Pattern:
| Instrument | Indicative allocation (% of total assets) | Risk Profile | |
| Minimum | Maximum | ||
| Debt Securities including Government Securities and State Development Loans (SDLs) (excluding Money Market Instruments) | 70 | 100 | Low to Medium |
| Money Market instruments | 0 | 30 | Low to Medium |
Disclaimer: This post is just information about the scheme. It does not give any advice or recommendation. Please read the offer document carefully and consult your investment adviser before investing.