Aditya Birla Sun Life Mutual Fund has launched a New Fund Offer (NFO) for Aditya Birla Sun Life Retirement Fund. The NFO period begins on February 19, 2019 and will close on March 05, 2019. The open-ended scheme aims to generate income and capital appreciation for its investors by investing in a mix of equity and debt instruments. Being a solution oriented mutual fund scheme as per SEBI classification, the Aditya Birla Sun Life Retirement Fund features a lock-in period of 5 years. Thus, an investment in this fund remains locked-in for a period of 5 years from the date of allotments of its units to its investors or till the retirement age of the investor (whichever is earlier).
Asset Allocation of Aditya Birla Sun Life Retirement Fund
The Aditya Birla Sun Life Retirement Fund is available in the following 4 investment plans which differ on the basis of asset allocation and follow a life cycle-oriented investment approach. Under normal circumstances, the asset allocation of the investment plans of the Aditya Birla Sun Life Retirement Fund will be as follows:
The 30s Plan
| Asset Type | Asset Allocation | |
| Minimum | Maximum | |
| Equity and equity related instruments | 80% | 100% |
| Debt and money market instruments | 0% | 20% |
The 40s Plan
| Asset Type | Asset Allocation | |
| Minimum | Maximum | |
| Equity and equity related instruments | 65% | 80% |
| Debt and money market instruments | 20% | 35% |
The 50s Plan
| Asset Type | Asset Allocation | |
| Minimum | Maximum | |
| Equity and equity related instruments | 75% | 100% |
| Debt and money market instruments | 0% | 25% |
The 50s Plus – Debt Plan
| Asset Type | Asset Allocation | |
| Debt and money market instruments | 100% | |
The above-mentioned 4 investment plans offered under the Aditya Birla Sun Life Retirement Fund intends to invest in repo in corporate debt securities.
However, the scheme will not participate in credit default swaps and securities lending/short selling.
Benchmark of Aditya Birla Sun Life Retirement Fund
The performance of the 4 investments plans of the Aditya Birla Sun Life Retirement Fund will be benchmarked against the following indices:
| Investment Plan | Benchmark |
| The 30s Plan | S&P BSE 200 Index |
| The 40s Plan | CRISIL Hybrid 35+65 -Aggressive Index |
| The 50s Plan | CRISIL Short Term Debt Hybrid 75+25 Fund Index |
| The 50s Plus – Debt Plan | CRISIL Short Term Bond Fund Index |
The return details of the above-mentioned indices are as follows:
| Index | 1 Year Return | 3 Year Return | 5 Year Return |
| S&P BSE 200 Index | -3.38% | 14.32% | 15.11% |
| CRISIL Hybrid 35+65 -Aggressive Index | 0.19% | 12.19% | 13.21% |
| CRISIL Short Term Debt Hybrid 75+25 Fund Index | 4.58% | 9.37% | 10.16% |
| CRISIL Short Term Bond Fund Index | 7.10% | 7.53% | 8.30% |
Benchmark of Aditya Birla Sun Life Retirement Fund
The Aditya Birla Sun Life Retirement Fund will be jointly managed by Mr. Ajay Garg and Mr. Pranay Sinha. Other schemes being managed by Mr. Garg include Aditya Birla Sun Life Tax Relief ‘96 and Aditya Birla Sun Life Tax Plan. Other schemes being managed Mr. Sinha include Aditya Birla Sun Life Equity Hybrid ’95 Fund and Aditya Birla Sun Life Equity Savings Fund.
Key information about the Aditya Birla Sun Life Retirement Fund NFO
| NFO period | February 19, 2019 – March 05, 2019 |
| Minimum application amount | Rs. 1,000 |
| Exit load | Nil |
| Fund Manager | Ajay Garg and Pranay Sinha |
Other Funds by Aditya Birla Sun Life Asset Management
| Scheme Name | 3Y Returns (%) | AUM (Rs. Cr.) | Category |
| Aditya Birla Sun Life Digital India Fund | 19.95 | 134.75 | Sectoral/Thematic Fund |
| Aditya Birla Sun Life International Equity Fund | 14.75 | 53.78 | Sectoral/Thematic Fund |
| Aditya Birla Sun Life India GenNext Direct Fund | 14.54 | 804.61 | Sectoral/Thematic Fund |
| Aditya Birla Sun Life MNC Direct Fund | 12.28 | 3431.79 | Sectoral/Thematic Fund |
| Aditya Birla Sun Life Tax Relief 96 Fund | 12.13 | 6059.83 | ELSS |
| Aditya Birla Sun Life Banking & Financial Services Fund | 12.1 | 1549.58 | Sectoral/Thematic Fund |
| Aditya Birla Sun Life Tax Plan | 11.46 | 742.27 | ELSS |
| Aditya Birla Sun Life Index Fund | 11.08 | 134.67 | Large Cap Fund |
| Aditya Birla Sun Life Equity Fund | 10.07 | 9250.62 | Multi Cap Fund |
| Aditya Birla Sun Life Focused Equity Fund | 10 | 4212.48 | Large Cap Fund |
| Aditya Birla Sun Life Gold Direct Fund | 9.72 | 55.08 | Gold Funds |
| Aditya Birla Sun Life Government Securities Fund | 9.49 | 138.97 | Gilt Fund |
| Aditya Birla Sun Life Financial Planning Fund FoF | 8.61 | 126.73 | Multi Asset Allocation |
| Aditya Birla Sun Life Equity Advantage Fund | 8.5 | 6184.03 | Large & Mid Cap Fund |
| Aditya Birla Sun Life Banking & PSU Debt Fund | 8.49 | 6646.43 | Banking and PSU Fund |
| Aditya Birla Sun Life Frontline Equity Direct Fund | 8.4 | 20451.39 | Large Cap Fund |
| Aditya Birla Sun Life Global Real Estate Fund Retail | 8.3 | 15.46 | Sectoral/Thematic Fund |
| Aditya Birla Sun Life Low Duration Fund | 8.21 | 9060.5 | Low Duration Fund |
| Aditya Birla Sun Life Income Fund | 8.2 | 1366.92 | Medium to Long Duration Fund |
| Aditya Birla Sun Life Corporate Bond Fund | 8.17 | 17329.9 | Corporate Bond Fund |