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NFO Alert: Aditya Birla Sun Life Mutual Fund launches Infrastructure Index Fund


Aditya Birla Sun Life Mutual Fund on Thursday said it has launched its new open-ended index fund, the Aditya Birla Sun Life BSE India Infrastructure Index Fund, which would track the BSE India Infrastructure Total Return Index.

The New Fund Offer (NFO) will be available for subscription from 14th November 2024 to 28th November 2024.

The fund seeks to provide investors with exposure to India’s growing infrastructure sector, which is expected to see continued expansion due to significant government investment and economic reforms.

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According to a recent Morgan Stanley report, the sector is projected to grow at a compound annual growth rate (CAGR) of 15%, driven by initiatives such as the Production-Linked Incentive (PLI) scheme, the Goods and Services Tax (GST), and improvements in the power sector.

Growfast


The BSE India Infrastructure Index Fund aims to diversify across five key infrastructure segments—energy, construction, transportation, engineering, and utilities—providing a broad representation of the sector’s growth potential. The index employs a combination of momentum strategies with controlled weight allocation to manage risk while seeking to capture the sector’s upside.The infrastructure sector has seen increased foreign direct investment in recent years, which analysts believe reflects rising confidence in the sector’s long-term outlook. The government’s focus on infrastructure development is expected to play a major role in India’s economic growth as the country moves toward its goal of becoming a developed economy by 2047.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)



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