Aditya Birla Sun Life Mutual Fund launches Crisil Broad Based Gilt ETF

Aditya Birla Sun Life Mutual Fund has launched Aditya Birla Sun Life Crisil Broad Based Gilt ETF, an open-ended debt exchange traded fund tracking the CRISIL Broad Based Gilt Index with a relatively high interest rate risk and relatively low credit risk.

The new fund offer or NFO of the scheme is open for subscription and will close on July 1. The scheme will reopen for sale and repurchase within five business days from date of allotment.

The investment objective of the scheme is to generate returns corresponding to the total returns of the securities as represented by the CRISIL Broad Based Gilt Index before expenses, subject to tracking errors.


The performance of the scheme is benchmarked against CRISIL Broad Based Gilt Index. The scheme will be managed by Kaustubh Gupta, Harshil Suvarnkar, and Vighnesh Gupta.

The minimum application amount is Rs 1,000 and in multiples of Rs 100 thereafter. The maximum total expenses ratio (TER) permissible under Regulation 52 (6) (c) is upto 1%.

The scheme will allocate its 95-100% assets in instruments forming part of the CRISIL Broad Based Gilt Index and 0-5% in T-Bills, cash and cash equivalent. The scheme is a passively managed ETF which will devise an investment approach to track the CRISIL Broad Based Gilt Index, subject to tracking error.

The scheme will invest in securities in line with the benchmark index of the scheme. The scheme shall be considered to be replicating the underlying index, provided the duration of the portfolio of the scheme replicates the duration of the underlying index within a maximum permissible deviation of +/- 10%.

The scheme is suitable for investors who are seeking income through exposure to gilt securities spread across different maturities and want an open-ended Debt ETF that seeks to track CRISIL Broad Based Gilt Index.

The principal invested in the scheme will be at “moderate risk” according to the riskometer of the scheme.

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