Aditya Birla Sun Life Special Opportunities Fund collects Rs 409 crore

Aditya Birla Sun Life AMC has collected Rs 409 crore from its new fund offering Aditya Birla Sun Life Special Opportunities Fund, during its NFO period between October 5 – 19, 2020. Attracting investors from across the country, the fund in its 2 weeks NFO period garnered over 44,000 applications, the fund house said in a press release.

“Despite the logistical challenges posed by the pandemic, we have attracted over 44000 applications from more than 360 locations. What is also noteworthy is the contribution coming from diversified channels across the board exhibiting our distribution strength as a fund house. Our technology strength has also come in handy to beat the logistical constraints," said A. Balasubramanian, MD & CEO, Aditya Birla Sun Life AMC.

The fund is managed by Senior Fund Manager Anil Shah who brings with him nearly three decades of experience in equity research and investments. The fund management team also includes Chanchal Khandelwal and Vinod Bhat.


A. Balasubramanian added that, "The interest received in this new fund is also a reflection of the growing appetite of equity investments in the country, further propelled by India’s potential of future growth. It must be noted that this is a thematic fund with a very unique and nuanced investment proposition, so it is encouraging to see this kind of participation and investor maturity. The timing of our launch was perfect, some of which we are already seeing play out in the markets and we believe there are several unique opportunities to leverage going forward”.

Events like change in management, business restructuring, mergers & acquisitions, Government policy change, regulatory changes, disruption due to a new entrant, macro-economic changes, geo-political developments, global events etc., can create special situations in a market, business, sector or company and thus special opportunities for investment. It is a wide range of possibilities. ABSL Special Opportunities Fund is positioned to play these themes and special opportunities emerging in recent times like Atmanirbhar Bharat, Covid led disruptions, massive digital adoption, Government’s disinvestment plans, changes in lifestyle and consumption patterns,technology upgrade, and others.