NFO Tracker: Aditya Birla Sun Life Mutual Fund launches Crisil-IBX AAA Financial Services Index – Sep 2027 Fund

Aditya Birla Sun Life Mutual Fund has announced the launch of Aditya Birla Sun Life Crisil-IBX AAA Financial Services Index – SEP 2027 Fund, an open ended Target Maturity Index Fund tracking the CRISIL-IBX AAA Financial Services Index – Sep 2027 with a relatively moderate interest rate risk and relatively low credit risk.

The new fund offer or NFO of the scheme will open for subscription on November 4 and close on November 12. The scheme will reopen for continuous sale and repurchase within five business days from the 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-IBX AAA Financial Services Index – Sep 2027 before expenses, subject to tracking errors.


The scheme will be benchmarked against CRISIL-IBX AAA Financial Services Index – Sep 2027. The scheme will be managed by Harshil Survankar and Vighnesh Gupta.

The scheme will offer regular and direct plans both with growth and IDCW options. The minimum amount for lumpsum investment will be Rs 1,000 and in multiples of Rs 100 thereafter. For monthly and weekly Systematic Investment Plan (SIP), the minimum amount will be of Rs 1000 and in multiples of Re 1 thereafter.

The scheme will invest 95-100% in instruments forming part of the CRISIL-IBX AAA Financial Services Index – Sep 2027, and 0-5% in debt and money market instruments (including Cash and Cash Equivalent).

The scheme is a passively managed Index. The scheme will replicate income over the target maturity period of its underlying index i.e. CRISIL-IBX AAA Financial Services Index-Sep 2027, subject to tracking errors.

The scheme will be suitable for investors who are seeking income over the target maturity period and want an open-ended Target Maturity Index Fund that seeks to track CRISIL-IBX AAA Financial Services Index – Sep 2027.