Widely read:
Aditya Birla Sun Life Mutual Fund has announced some fundamental changes in its Aditya Birla Sun Life Focused Equity Fund. The scheme name is to be changed from Aditya Birla Sun Life Focused Equity Fund to Aditya Birla Sun Life Focused Fund, effective from October 16, 2023.
The fund, which currently aims to invest in maximum of 30 stocks under large-cap category, will start focusing on investments in maximum of 30 stocks under all three categories, i.e, large-cap, mid-cap and small-cap. In addition to this, the tier-2 benchmark for the fund will also be changed from Nifty 100 TRI to NIL.
Kindly note that the AMC has given the unit holders, who do not consent to the applied changes, a period of 30 days, i.e., from September 14, 2023 to October 13, 2023 to either switch or redeem the investments without any exit load. All the transactions received after the effective date will be subject to applicable exit load (if any), as may be applicable to the respective scheme.
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