ABSL MF announces changes in two of its recently launched FOFs

Aditya Birla Sun Life Mutual Fund has announced some fundamental changes in its Aditya Birla Sun Life US Treasury 1-3 year Bond ETFs FoF and Aditya Birla Sun Life US Treasury 3-10 year Bond ETFs FoF.

The funds, earlier managed by Dhaval Joshi, will now be managed by Bhupesh Bameta and Vighnesh Gupta.

The exit load structure for the mentioned funds will also be changing from "0.5% for redemption Within 90 days" to "0.25% for redemption Within 30 days".

There is also a change in the funds initial purchase amount - from Rs 100 per application to Rs 10,000 per application. These changes will come into effect from November 2, 2023.