Aditya Birla Sun Life Business Cycle Fund raises Rs 2,200 crore during NFO period

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Aditya Birla Sun Life Business Cycle Fund grossed over Rs 2,200 crore during the NFO period. The fund also received over 1,17,800 requests during the NFO period. The NFO was open from November 15 to 29.

The fund is based on a new theme called business cycles. This theme is the basis for stock selection based on the different phases of macroeconomic cycles such as expansion, peak, contraction and slump.

“With its strong value proposition, Aditya Birla Sun Life Business Cycle Fund has attracted over 1,17,800 inquiries, covering over 10,500 PINs in T30, B30 and emerging markets. A collection of over Rs 2,200 crore makes this one of the largest funds in this category of thematic programs. It is important to note that this collection arrived through a diverse channel, which reflects our strong distribution network. We thank all of our partners for making this launch a success, ”said A. Balasubramanian, Managing Director and CEO, Aditya Birla Sun Life AMC.

He adds: “Currently, economic activity is accelerating after the disruption caused by the pandemic. And as the economy oscillates between these phases of contraction and expansion, it opens up investment opportunities in different sectors. Our fund seeks to identify these investment opportunities and manage the allocation through various economic cycles. ”

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