Aditya Birla Sun Life launches its Nasdaq-100 FoF. Details here
Premium- The New Fund Offer (NFO) for Aditya Birla Sun Life Nasdaq-100 FoF opened on 15 October, 2021 and it will close on 29 October, 2021.
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Aditya Birla Sun Life AMC launched its Nasdaq 100 FOF, an open ended fund of fund investing in units of overseas ETFs and/or Index Fund based on Nasdaq-100 Index.
The New Fund Offer (NFO) for Aditya Birla Sun Life Nasdaq-100 FoF opened on 15 October, 2021 and it will close on 29 October, 2021.
As per a release by the AMC, there are tremendous opportunities emerging in new-economy sectors like payments, e-commerce and transformational technologies. High growth disruptors in these sectors have consistently joined the Nasdaq-100 index, thereby ensuring that the growth trajectory continues.
While these companies are largely unrepresented in the Indian stock markets, investors can participate in the growth journey of these future-ready companies by investing in Aditya Birla Sun Life Nasdaq 100 FOF, it added.
The scheme offers not just the potential to better returns, but will also serve as a potential hedge against rupee depreciation. A geographically diversified portfolio helps in protecting the investment from the downside emerging in a single country, it also said.
Aditya Birla Sun Life Nasdaq 100 FOF offers to its customers:
- Access to global, top performing brands in innovative, path-breaking themes
- Geographical diversification – across global stocks
- Sectoral and thematic diversification – across innovative and high growth sectors
- Positive outlook for the non-financial high growth sectors with growing digitization and technology disruption
- Minimum application amount for this fund is ₹5,000
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