Aditya Birla Sun Life's new NFO collects ₹1,574 crore

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Aditya Birla Sun Life's new NFO collects ₹1,574 crore
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Aditya Birla Sun Life AMC on Tuesday said it has collected ₹1,574 crore through its newly launched multi-asset allocation fund. The new open-ended scheme-- Aditya Birla Sun Life Multi Asset Allocation Fund -- which invests in equity, fixed income, gold, silver and real estate investment trusts (REITs) was launched on January 11.
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"The NFO (new fund offering) managed to garner high investor interest with investments from over 70,000 investors and collected ₹1,574 crore as on January 31, 2023," the asset management company said in a statement.

The multi-asset allocation category has emerged as a popular investment option for investors seeking asset class diversification along with a stable investment solution.

A Balasubramanian, MD and CEO of Aditya Birla Sun Life AMC, said market volatility can be a challenge for investors, however the multi-asset allocation fund can provide a stable investment solution.

"The fund's portfolio construction is unique and has a high focus on quality and growth-oriented companies that have high RoE (Return on Equity), low leverage, and generate cash from operations. It's an all-in-one fund that invests in fixed income, gold and silver along with equity," he added.

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The equity portion of the portfolio will follow flexi cap approach with large cap bias and can invest across sectors, and fixed income portfolio will largely use accrual strategy.

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