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Aditya Birla Sun Life Digital India Fund
Aditya Birla Sun Life Digital India Fund will now invest 80-100% in equity & equity related instruments in technology & technology dependent companies, 0-20% in equity and equity related instruments of companies other than technology & technology dependent companies, 0-10% in units issued by REITs and InvITs, 0-20% in debt and money market instruments (including securitized debt), and 0-5% in units of mutual funds.
Aditya Birla Sun Life Banking and Services Fund
Aditya Birla Sun Life Banking and Services Fund will invest 80-100% in equity and equity related securities of banking & financial services companies, 0-20% in equity and equity related instruments of companies other than banking & financial services companies, 0-10% in units issued by REITs & InvITs, 0-20% in cash, money market and debt instruments, and 0-5% in units of mutual funds.
The existing allocation was 80-100% in equity and equity related securities of banking & financial services companies and 0-20% in cash, money market and debt instruments.
Aditya Birla Sun Life Active Debt Multi Manager FoF
Aditya Birla Sun Life Active Debt Multi Manager FoF will be known as Aditya Birla Sun Life Debt Plus Arbitrage FOF. This fund is suitable for investors who are seeking capital appreciation in the long term and want investment in a dynamically managed portfolio of debt funds and Aditya Birla Sun Life Arbitrage Fund.The scheme will invest 95-100% in debt funds, liquid funds and Aditya Birla Sun Life Arbitrage Fund, and 0-5% in cash and cash equivalent (including CBLO) and money market securities. The scheme will be following an active investment strategy focused on investing in allocation between Debt and Liquid Mutual Funds and Aditya Birla Sun Life Arbitrage Fund.
The performance of the scheme will be benchmarked against CRISIL Composite Bond Index (60%) + NIFTY 50 Arbitrage Index TRI (40%). Earlier it was benchmarked against CRISIL Composite Bond Index.
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In line with regulatory requirements, for scheme(s) where a change in fundamental attributes is being proposed, we are offering an exit window to the existing unit holders of 30 days from Thursday, January 30, 2025 to Friday, February 28, 2025 (both days inclusive).
These changes will be effective from Monday, March 3, 2025. During the exit option period, unit holders not consenting to the change may either switch to any other scheme of the Fund or redeem their investments at applicable Net Asset Value without payment of exit load subject to provisions of applicable cut-off time as stated in the SID of the scheme(s). All transaction requests received on or after the effective date i.e. Monday, March 3, 2025 will be subject to applicable exit load (if any), as may be applicable to the Scheme(s).
Unit holders who have pledged / encumbered their units will not have the option to exit unless they submit a letter of release of their pledges / encumbrances prior to submitting their redemption / switch requests.
Investors who have registered for Systematic Investment Plan (SIP) in the scheme(s) and who do not wish to continue their future investments must apply for cancellation of their SIP registrations. Unit holders who do not opt for redemption on or before Friday, February 28, 2025 (upto 3:00 PM) shall be deemed to have consented to the changes specified herein above and shall continue to hold units in the scheme(s) of the Fund.
In case the unit holders disagree with the aforesaid changes, they may redeem all or part of the units in the Scheme(s) of the Fund by exercising the exit option, without exit load within the exit option period by submitting a redemption request online or through a physical application form at any OPAT/Investor Service Center (ISC) of ABSLAMC or to the Depository Participant (DP) (in case of units held in Demat mode). Unit holders can also submit the normal redemption form for this purpose.
Redemption / switch-out of units from the scheme(s) may entail capital gain/loss in the hands of the unitholder. For unit holders who redeem their investments during the exit option period, the tax consequences as set forth in the Statement of Additional Information of the Fund and SID of the scheme(s) would be applicable. In the case of NRI investors, TDS shall be deducted from the redemption proceeds in accordance with the prevailing income tax laws. In view of the individual nature of tax consequences, Unitholders are advised to consult their professional tax advisors for tax advice.
