Aditya Birla Sun Life Mutual Fund has launched a new Open Ended Growth scheme named "Aditya Birla Sun Life Pharma & Healthcare Fund" with maturity period of 0 days from the launch date.
The New Fund Offer (NFO) price for the scheme is Rs 10.00 per unit, which will open for subscription from Jun 20 to Jul 04, 2019.
According to the offer document filed with SEBI, the entry load is Nil and exit load is 0.50.
The minimum application amount is Rs 1,000.00 and in multiples of Rs 1 thereafter. The options available under the plan of the scheme are Dividend, Growth.
The fund manager of the scheme will be Dhaval Shah, while the performance of the scheme will be benchmarked against S&P BSE Healthcare Total Return.
The scheme provides long term capital appreciation by investing in equity/equity related instruments of the companies in the Pharmaceuticals, Healthcare and Allied sectors in India.