Aditya Birla Sun Life Nifty India Defence Index Fund NFO review

Aditya Birla Sun Life Nifty India Defence Index Fund NFO opened for subscription on August 9 and will remain open until August 23, 2024. The new fund will be passively managed, meaning it will replicate the Nifty India Defence Total Return Index (TRI). For instance, if company A has a 5 per cent weight in the index, the Aditya Birla Sun Life Nifty India Defence Index Fund will also invest 5 per cent of its money in that company. Aditya Birla Sun Life Nifty India Defence Index NFO at a glance NFO Period August 9 to August 23, 2024.  Benchmark Nifty India Defence TRI Fund Manager(s) Haresh Mehta and Pranav Gupta Exit Load 0.05 per cent of the applicable NAV if redeemed before 30 days. No exit load after that. Tax treatment If units are sold within a year, capital gains will be taxed at 20 per cent. If units are sold after a year, capital gains will be taxed at 12.5 per cent. However, gains of up to Rs 1.25 lakh are tax-exempt. About Nifty India Defence Total Return Index (TRI) Since the new defence fund will try to copy the Nifty India Defence Total Return Index (TRI), let's get to know it bette