Aditya Birla Sun Life Mutual Fund Changes Benchmark for Multi-Index Fund of Funds

Aditya Birla Sun Life Mutual Fund has announced the revision of Aditya Birla Sun Life Multi-Index Fund of Funds benchmark composition. The earlier benchmark – 50% Nifty 500 Total Return Index + 30% CRISIL Low Duration Debt Index + 10% MSCI All Country World Index + 5% Domestic Price of Gold + 5% Domestic Price of Silver, has now been changed. 

The updated benchmark replaces the CRISIL Low Duration Debt Index with the NIFTY Low Duration Debt Index A-I, while the rest remains the same.

Fund Details

This is an open-ended scheme launched on October 14, 2022, and falls under the high-risk category, as per its riskometer. The fund has generated a return of 18.80% since its launch.

As of December 31, 2024, the fund holds ₹18 crore in assets with an expense ratio of 0.29%. Computer Age Management Services Ltd. serves as the Registrar & Transfer Agent for the scheme.

Investment Strategy

The fund primarily invests in passively managed instruments, including ETFs, index funds, fixed-income securities, and commodities like gold and silver. It includes both domestic and overseas ETFs.

Investment 

The fund has an exit load of 0.5% if units are redeemed within 15 days. There is no lock-in period.

Benchmark Composition

The new benchmark is now:

• 50% Nifty 500 Total Return Index
• 30% NIFTY Low Duration Debt Index A-I
• 10% MSCI All Country World Index
• 5% Domestic Price of Gold
• 5% Domestic Price of Silver

The change in the benchmark mainly affects the fixed-income portion of the fund, aligning it with the NIFTY Low Duration Debt Index A-I instead of the previously used CRISIL Low Duration Debt Index.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.