The NFO will be open for subscription from 5th December 2024 to 19th December 2024
FinTech BizNews Service
Mumbai, December 05, 2024: Aditya Birla Sun Life AMC Limited (ABSLAMC) was incorporated in the year 1994. Aditya Birla Capital Limited and Sun Life (India) AMC Investments Inc. are the promoters and major shareholders of the Company. ABSLAMC is primarily the investment manager of Aditya Birla Sun Life Mutual Fund, a registered trust under the Indian Trusts Act, 1882. The asset manager has announced the launch of Aditya Birla Sun Life Conglomerate Fund, an open-ended diversified equity fund scheme following conglomerate theme. The New Fund Offer (NFO) will remain open from 5th December 2024 to 19th December 2024.
The Industry & Category First fund will invest in groups domiciled in India, led by visionary promoters, with at least two listed companies across different sectors. The invested companies are characterized by their diversified business operations across multiple sectors, strong market positions and the ability to generate sustainable cash flows. Conglomerates are vast, multi-generational enterprises that wield significant influence over the daily lives of billions of people. These corporations have cultivated long-standing relationships with customers, fostering trust and loyalty over decades. Their success often lies in their ability to adapt and innovate, strategically investing in emerging, high-growth industries, often referred to as sunrise sectors. By doing so, conglomerates not only sustain their market relevance but also help shape the future of global business and consumer trends.
Commenting on the new fund launch, A. Balasubramanian, Managing Director & CEO, Aditya Birla Sun Life AMC Ltd, said, "In India, conglomerates have played a pivotal role in driving the nation's industrial revolution, forming the backbone of its economic progress. Defined by resilience, multi-generational legacies, and a remarkable capacity for innovation across diverse industries, these businesses have consistently adapted to market cycles, created diversified cash flows, and spearheaded investments in emerging sectors like green energy and digital ecosystems. The Aditya Birla Sun Life Conglomerate Fund offers investors a unique opportunity to harness the growth potential of these enduring enterprises, aligning with their robust performance and strategic foresight to build wealth in a dynamic economy.”
This offers a unique investment opportunity across 169 companies in 22 sectors, representing 33% of the total BSE market cap. The fund includes a diverse mix of 36 large-cap, 30 mid-cap, and 103 small-cap stocks, providing broad growth potential and sectoral diversity for investors.
