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  • Aditya Birla SL Infrastructure-B(G)

    Aditya Birla Sun Life Limited is a joint venture between Sun Life Financial Inc. and Aditya Birla Group. This joint venture brings together the expertise of Sun Life Financial Inc. across the globe and the presence of Aditya Birla group in the Indian market.

    Investment Objective of Birla Sun Life Infrastructure Fund-Plan B (Growth)

    The main objective of this scheme is to provide medium to long-term appreciation of capital by primarily investing in a portfolio of equity and its related securities of companies that take part in the growth of infrastructure in India.

    Key Features of Birla Sun Life Infrastructure Fund-Plan B (Growth)

    Some of the key features of Birla Sun Life Infrastructure Fund-Plan B (Growth) have been listed in the table below:

    Type of fund

    Open ended Growth Scheme

    Plans available

    Regular and Direct Plan

    Options under each plan

    Growth and Dividend

    Risk

    High

    Systematic Investment Plan

    Available

    Systematic Transfer Plan

    Available

    Systematic Withdrawal Plan

    Available

    Investment Amount for Birla Sun Life Infrastructure Fund-Plan B (Growth)

    Minimum application amount

    Rs.1,000

    Minimum additional investment

    Rs.1,000

    Entry Load

    Not Applicable

    Exit Load

    • If you wish to redeem or switch out units before the completion of 1 year from the date of allotment of units, an exit load of 1% will have to paid.
    • If the units are redeemed or switched out after the completion of 1 year from the date of allotment of units, exit load need not be paid.

    Asset Allocation for Birla Sun Life Infrastructure Fund-Plan B (Growth)

    Instrument

    Range

    Normal Allocation

    Risk Profile

    Equity and Equity Related Instruments

    80% - 100%

    90%

    Medium

    Money Market Instruments

    0% - 20%

    10%

    Low to Medium

    Who can invest in Birla Sun Life Infrastructure Fund-Plan B (Growth)

    The following entities can invest in Birla Sun Life Infrastructure Fund - Plan B (Growth):

    • Indian residents, either singly or jointly (not more than three)
    • Banks and financial institutions
    • Parent or guardian investing on behalf of minors
    • Hindu Undivided Family (Karta)
    • Banks and other financial institutions
    • Public sector undertakings, companies, bodies of individuals and societies that have been registered under the Societies Registration Act, 1860
    • Non-Resident Indians (NRIs)
    • Limited Liability Partnerships and Partnership Firms
    • Alternative Investment Funds or mutual funds that have been registered with the SEBI
    • Foreign Institutional Investors registered with the SEBI
    • Army, Navy, Air Force and other similar institutions
    • Scientific research organisations
    • Multilateral funding agencies that have been incorporated outside India with the permission of the Reserve Bank of India or Government of India
    • Trustee, Sponsor or AMC can subscribe to the units under this scheme
    • Qualified Foreign Investor
    • Foreign Portfolio Investors (FPI) registered with the SEBI

    NAV Disclosure and Benchmark for Birla Sun Life Infrastructure Fund-Plan B (Growth)

    The NAV will be computed and disclosed every business day and is generally calculated up to two decimal places. This NAV will have to be published in at least two daily newspapers according to the SEBI regulations. The Asset Management Company will update the NAV on the fund company website and the AMFI website before 9:00 p.m. on the day the NAV is declared. If the NAV is not available before the start of business hours on the following day, the mutual fund company shall issue a press release to explain the reasons for the delay and also mention the date by which the NAV will be published.

    The benchmark of this scheme is Nifty 50.

    Birla Sun Life Infrastructure Fund-Plan B (Growth) Fund Manager

    Mahesh Patil and Vineet Maloo are the fund managers of the scheme.

    Investment Restrictions of Birla Sun Life Infrastructure Fund-Plan B (Growth)

    Some of the investment restrictions of Birla Sun Life Infrastructure Fund - Plan B (Growth) have been listed below:

    • More than 10% of the NAV of the scheme may not be invested in debt instruments that comprise money and non-money market instruments that have been issued by a single issuer. This investment can be extended up to 12% of the NAV of the scheme provided prior approval is obtained from the Board of the Asset Management Company and the Board of Trustees.
    • More than 10% of any company’s paid up capital carrying voting rights may not be owned by the mutual fund under all its schemes.
    • There is an option to transfer investments from one scheme to another scheme in the mutual fund. This is however subject to certain terms and conditions.
    • Investments made by the scheme in unrated debt instruments issued by a single issuer should not exceed 10% of the NAV of the scheme. The overall investment in such instruments should not exceed 25% of the NAV of the scheme.
    • Investments shall not be made in short term deposits of banks that have made investments in the scheme.
    • More than 10% of the NAV of the scheme may not be invested in short term deposits of a scheduled commercial bank that includes its subsidiaries.
    • If the investments are meant to be long-term in nature, securities can be transferred or purchased in the name of the concerned scheme of the mutual fund.

    Other Facilities under Birla Sun Life Infrastructure Fund-Plan B (Growth)

    Some of the special facilities available under Birla Sun Life Infrastructure Fund - Plan B (Growth) have been listed below:

    • Capital Appreciation Transfer Plan (CATP) - This is a facility where the unitholders can choose the systematic transfer plan by giving an instruction to transfer capital appreciation at fixed intervals which can either be monthly or quarterly under the fund’s open-ended scheme.
    • Web Based Transactions - An option may be provided for the unitholders to subscribe or redeem units by electronic mode using different websites that the Asset Management Company has an agreement with from time to time.
    • Transactions using mobile phones - The Asset Management Company has an agreement with the service provider to help make transactions in the schemes of Birla Sun Life Mutual Fund for the existing customers. The customers will have to register for making use of this service.

    Why should you invest in Birla Sun Life Infrastructure Fund-Plan B (Growth)

    Aditya Birla Sun Life Mutual Fund is focused on improving their network in the country and are constantly working to improve the appeal of the mutual funds in order to attract more investors. The company is focusing on providing a wide variety of investment options that will appeal to all the people with different investment objectives. The main focus of Aditya Birla Sun Life Mutual Fund is to simplify and digitise the mutual fund process.

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    GST rate of 18% applicable for all financial services effective July 1, 2017.

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