Adani, Ambani, Tata and Birla
If you are not able to invest in the shares of listed companies of Adani, Ambani, Tata and Birla simultaneously, then there is no need to worry. Now such a mutual fund scheme has come which will benefit you by investing together in the stocks of all these big corporate companies. Actually, Aditya Birla Sun Life Mutual Fund has launched Aditya Birla Sun Life Conglomerate Fund. This fund provides a unique opportunity to diversify your portfolio by investing in India’s top business groups. That means, by investing money in this one mutual fund, you can invest in shares of all good companies. The new fund offer or NFO is open for investment and will close on December 19.
Theme based on investment in big group
The objective of this fund is to provide long-term capital growth by investing in equity and equity related securities of large group companies. Groups will be identified as groups that are based in India and are led/controlled by the promoters and consist of at least 2 listed companies in different sectors or industries. According to the fund house, the top groups will be classified on the basis of market capitalization. For example, the Tata and Adani groups operate in power, renewable energy, FMCG and IT services, displaying unparalleled adaptability and growth.
The fund will target 169 companies
The fund targets a group of 169 companies, spread across 22 sectors and representing 33% of the total market capitalization of the Bombay Stock Exchange. Major groups include Tata Group, Reliance Industries, Adani Enterprises and Birla Group. The scheme includes a mix of large, medium and small-cap stocks. This fund is suitable for long term equity investors with investment horizon of 3-5 years and above. The scheme will be managed by Kunal Sangoi and Harish Krishnan and will be managed by BSE Select Business Groups Index TRI.
Latest Business News
